HaiKhuu Daily Report 5/22/2023

Good morning and happy Monday! Hope you all had an amazing weekend and are ready for what should be an extremely interesting week for the markets. Just to let you all know now, next Monday (29th) the markets will be CLOSED for memorial day!

Please continue to prepare for this summer session and think about what I have been saying for the previous couple of weeks. This is your last chance to figure out your game plan and know how you are planning on tackling the summer session in the markets.

Thursday, historically via the almanac is a bullish day too, so just take that into account when thinking about positions for this week, and know that next week is extremely bullish.

The next couple of weeks are going to be difficult to navigate, with a lot of traders realizing some losses, so please just stick to your game plan, and make smart moves between now and then.

Go on and make some bank trading this week, and just be smart and tread lightly.

Good luck trading this week and let’s have some fun!

Thoughts & Comments from last week

Last week was an extremely bullish day for the general markets that provided us with an amazing opportunity to realize a significant amount of gains. It was very interesting to see that despite it being historically a bearish week for the markets, that everything performed well, with a few general exceptions. $SPY moved up approximately 1.5% throughout the week and saw a significant amount of momentum that boosted retail confidence. I do want to warn you all that I do believe this is false hope being built up, getting ready to get shot back down, so just take my warning with a grain of salt.

$SPY started the week the week off trading at $412.26, and did not have much confidence or strong bullish momentum. We had relatively neutral days for the general markets that were filled with a significant amount of chop that impacted peoples ability to navigate the markets with ease.

Going into Wednesday, we saw weakness in the general markets as $SPY was testing $410 again, and did not have much confidence as on Tuesday, we made an official low of day, going into close, with $SPY officially closing at $410.25, showing relative strength holding $410, but significantly more weakness as a result of sentiment in the markets. Despite this sentiment going into open on Wednesday, and the markets being historically bearish, the markets did not care at all in anyway shape or form.

We watched as the markets started to trend up and look relatively strong through the back half of the week, where we watched as $SPY broke above the $420 resistnace for a little bit on Thursday, and at open on Friday, without any luck in the short term to sustain that movement.

What is going to happen now, is either $SPY is able to hold this level in the short term, leading a lot of people to buy in and either realize a significant amount of gains, or get clapped quickly as we come back down to previous support, or watch as the markets fall from this relative peak, as we have made a new high of 2023 on $SPY.

Please continue to tread lightly, but capitalize on any and all of the opportunities presented to you. Hope you all killed it trading last week, and are hyped for this week!

Thoughts & Comments for Today, 5/22/2023

Look to take advantage of all of the opportunities that are available in the markets at the moment. Equities are relatively strong at the moment with confidence in the markets as we are hovering this $420 range on $SPY. Please just continue to tread lightly and follow the momentum in the markets, as I do believe we will see a significant shift in market momentum in here in the short term as a result people start adjusting for the summer session and there are discussions on the debt ceiling.

There will be a lot of movement this week with semiconductors as a result of $NVDA earnings happening. I personally am short at this moment as I have $280/$300 strike puts on $NVDA for earnings, and I would highly recommend anyone who has free capital to gamble, to speculate on earnings too. This is an extremely high risk position where you have to go into it with the mindset that you are going to lose 100% of your position, or come out with exponentially more gains, but it is just a matter of the movement on $NVDA this Wednesday and watch as you either threw money into the wind, or are loving the markets and made a significant amount of realized gains.

For everyone else, I would advise caution in active scalping as I do believe we will see a significant amount of chop over the next couple of weeks making it extremely difficult to capitalize on the opportunities that are presented to us at this point. If. you are looking to ride the momentum, either enter into a day trade and ride the confidence, or open up a swing trade and hold for a couple of days.

If you have not prepared for the summer session yet, this is an amazing time to look to open up some bearish allocations and look to hedge your positions across the board. Still retain your general equity positions, but look to hedge anything you anticipate holding throughout the summer.

I personally am in a significant amount of cash right now and am waiting to allocate it into strong equities and leaps at the relative bottom, when that happens I will let you all know before, and after I make those allocations. In the short term I am going to be actively day trading this momentum, and will be looking to allocate that equity when there is significantly more weakness in the general markets.

If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.

HaiKhuu Proprietary Algorithm Report:

Last week was a tough week for our systems in comparison to the general markets. Everything unfortunately underperformed in comparison to $SPY, but the majority of the reasoning for the underperformance, is not due to a poor performance by our technical analysis, but the performance was based on the performance of the long term portfolio. The fundamental analysis underperformed heavily, but thankfully our technical analysis was able to generate profits during this time. It is unfortunate to see that $SPY outperformed by such a large margin, but I am happy to see that our technical analysis is continuing to work as expected, and is continuing to improve over time. We will see what happens in the near future with the portfolio performance, and build off of that.

We highly recommend you check out Asher’s Report for the weekly updates on our algorithms and what we are currently working on!

The results of yesterday are as followed:

Baseline:

• $SPY: +1.17%

Our Results:

• Base Algorithm: +0.11%

• Variable Sector Neutral: -0.21%

• Sector Neutral: -0.22%

• Variable Market Neutral: -0.4%

• Market Neutral: -1.04%

• Long Term Portfolio: -1.47%

Despite. the sentiment brought up previously about the performance of the algorithm, the impact directly come from our fundamental analysis. Use these alerts to find positions you have confidence in, and cherry pick the positions you believe are going to out perform in the short term and capitalize on the opportunities presented to you. As always, please make sure to practice safe risk management and limit your downside exposure by setting stops on all of these positions, and securing profits by setting a stop in guaranteed profit when given an opportunity to do so!

DISCLAIMER - This is not financial advice. Utilize these trades with caution. These predictions are generated via our proprietary trading algorithm without taking into account market conditions, news, or any external biases. This is not a signal to buy or sell any equities, and we do not guarantee success. Take these at your own risk.

Algorithmic Alerts for 5/22/2023

My Personal Watchlist :

Note, just because something is on my watchlist does not mean it is a signal to buy or sell any equities

Watchlist:
$SPY , $TSLA, $AAPL , $MSFT , $NVDA, $GOOGL

Position Opportunities:

• Hedge the positions you want to hold

• Set stops in guaranteed profit for any position you are in profit in

• Cut all positions you are not comfortable holding

• Exit positions you are comfortable taking profit on

LONG OPPORTUNITIES:

• Long-Term Dividend - $GAIN

• Long-Term Riskier EV Play - $RIVN

Economic News for 5/22/2023

• St. Louis Fed President James Bullard - 8:30 AM ET

• San Francisco Fed President Mary Daly - 11 AM ET

• Atlanta Fed President Raphael Bostic, Richmond Fed President Tom Barkin speak - 11:05 AM ET

Notable Earnings for 5/22/2023

Pre-Market Earnings:

• Full Truck Alliance Co (YMM)

• Global-E Online (GLBE)

• ZIM Integrated Shipping Services (ZIM)

• Nordic American Tankers (NAT)

• Niu Technologies (NIU)

After-Market Earnings:

• Heico Corporation (HEI)

• Zoom Video (ZM)

• Nordson Corp (NDSN)

• Lufax Holding (LU)

• Navigator Holdings (NVGS)

• Transcat (TRNS)

Wrap up

Overall, please tread lightly on these market conditions. Capitalize on any opportunity that is available to you right now and take advantage of this momentum and confidence in the market in the short term as it will not be here forever. Realize some gains and do anything you can to maximize your profit potential while minimizing risk.

Be smart, practice safe risk management, and make some BANK!

Good luck trading, and I hope you all have an amazing week!