HaiKhuu Daily Report 6/02/2023
Good morning and happy Friday! This has been an extremely fast week for the general markets with a significant amount of bullish momentum we all have been able to capitalize on. I hope you all have been having an amazing time and capitalizing on the opportunities that are presented to you! This has been an amazing time and let’s end this week on a strong note!
The bullish momentum is not sustainable, but look to capitalize on it while it is here. We are well above the $420 support level on $SPY at the moment and are looking exceptionally strong going into open right now. $SPY is trading above the previous close at the time of writing this report, and looking optimistic for today. Prepare for the summer session, but capitalize on what you can at the moment.
Follow the momentum, realize some gains, make some smart positions today, and have some fun.
This is going to be a fun way to end the week, so good luck trading today everyone and let’s make some BANK!
Thoughts & Comments from 6/01/2023
Yesterday was a fun day for the general markets. We saw a significant amount of bullish momentum and it was a phenomenal time for anyone who was able to enjoy the ride. $SPY opened the day relatively black, right around the previous close, trading at $418.07. We saw a slight dip in the markets, where $SPY went on to make the official low of the day trading at $416.80, down slightly from the open price, but enough to scare some kids out in the short term, before the markets went on an absolute RUN.
$SPY did slow down right under $420, where we continually hovered around $419.50~ for a solid half hour, until the markets started to take off, leaving anyone who didn’t have any bullish positions behind. We quickly broke $420 with confidence and were presented with a significant amount of bullish momentum throughout the entire day. Momentum started to pick up during the lunchtime lull, and as people got back, we did watch as the markets slowed down from around 12:30 pm EST~ to power hour as the markets remained relatively neutral from that point but looked extremely strong in the process.
There was a slight pop in $SPY going into power hour, with $SPY making the official high of the day trading at $422.92, up significantly from the previous close, and looking strong. That moment up though it wasn’t significant, did come down to the end of the day.
We ended the day officially with $SPY trading at $421.82, up $3.97 from the previous close with a bullish movement of +0.95%, with an intraday bullish movement of +0.89%.
It was an amazing day for the general markets with a significant amount of bullish momentum anyone could have capitalized on. I hope you all were able to realize a significant amount of gains in the process and had some fun doing so! Let’s go on to kill it again today and have a great time!
Thoughts & Comments for Today, 6/02/2023
Today is going to be another fun day for the general markets with a significant amount of momentum and opportunities in the markets. I will say this before I go any deeper into my report, please continue to tread lightly. I know I have been saying this a lot recently, but please be extremely careful in these current market conditions. Capitalize on the momentum now and realize some gains when given an opportunity to do so, but just know that this short-term confidence and momentum is not sustainable. I am expecting to see a significant amount of bearish momentum in the near future, so be cautious when trying to make some general long allocations right now that you intend on holding.
For now, follow the momentum in the short term, and look to capitalize on the opportunities that are available to us right now. The best traders are going to make a significant amount of gains while trading today and it will be a great time. Markets are strong at the moment. Tread lightly and be fluid with your positions. Trade strong equities that are trending and that show signs of continual bullish momentum up, and look to cut the position when there looks to be a shift in momentum or when you are happy taking profits on the position you are in. Do not get greedy, and do not get upset in the case that you cut a position too early.
A win is always going to be a win, but it could always be better. One quote that sticks out to me during trades that could have been significantly better, is if someone hands you $100 and says keep it, would you be happy or upset that he gave you $100? You’d be happy. Then he tells you that if you simply just declined that money, he would have offered you $1000. Now you are upset that you missed out on that $1,000. Did you know he was going to offer you that $1,000 in the case that you declined that $100? No. No, you would not have known that. Did you miss out on more money? Yeah. But you should be happy about the free $100 you just received!
Make some smart positions, realize some gains, and just continue to navigate the markets with ease while you can.
Just continue to prepare for the summer session though, VIX is at a relative low and $SPY is making new highs of the year. Look to open up some bearish positions and hedge your account when given an opportunity to do so. Just continue to remain fluid in these market conditions and navigate the markets. Tread lightly as the markets are going to come down in the near future, it is just a matter of when we see that shift in the general momentum in the markets.
Two plays that I would highly recommend you consider at this point are long-term leaps on $DIS and short-term puts on $AI. $DIS is highly undervalued right now and VIX is at a relative low, where you should be able to get into ATM leaps on $DIS at a relatively cheap price. This is obviously a long hold, but something you should consider. Leaps offer you the ability to get exposure in an organization without having to tie up a significant amount of capital, the only downside to this is the fact that you have to pay a premium to get into the position, but assuming that the position works out as expected, C’est la vie. That’s just part of the industry.
The other play I would recommend you look into is what we call a “Degen” play. Literally, prepare to lose 100% of your money by the end of the day assuming the position does not work out as expected, and there is a 90-95% chance that it DOES NOT work out. I am talking about some 0-DTE puts on $AI. They are heavily overpriced at this point and there is a solid chance that it drops significantly throughout the entirety of the day. I have purchased some $30 strike 0-DTE puts for $0.05 each, and one of two things will happen. Either the contract does exactly what we all expect, and burns and we lose 100%, OR $AI drops another 15-25% today as people sell their equity, shorts drive the price of shares down, and we see this end-the-week trading in the $25-30 range, where we all are able to make a 2-10,000% return on this position. I would not put a significant amount of money into this play, but it is something that you should all highly consider throwing a couple of dollars into the wind and gambling on.
Let’s make the most out of the opportunities that are going to be presented today and have a great time.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was an AMAZING day for the algorithm and I am very happy with the results. Everything worked out as expected in perfect market conditions. Our fundamental analysis outperformed the markets, and the technical analysis absolutely decimated all other returns. It was a great day for the markets and an even better day for our systems!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.89%
Our Results:
Base Algorithm: +1.53%
Variable Market Neutral: +1.07%
Long Term Portfolio: +0.99%
Variable Sector Neutral: +0.77%
Market Neutral: +0.58%
Sector Neutral: +0.31%
With market conditions being optimal, please take advantage of the momentum in the markets, but as always, be smart and diligent on the allocations for the day. Make sure to do your own due diligence prior to entering into any positions and make sure that you are practicing safe risk management in the process of everything. Set stops to limit your downside risk potential and increase those limits to be in guaranteed profit when given an opportunity to do so to make any position a risk-free play!
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 6/02/2023
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 , $AI , $NVDA , $TSLA , $GOOGL , $AMD , $MSFT
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 6/02/2023
U.S. employment report - 8:30 AM ET
U.S. unemployment rate - 8:30 AM ET
U.S. hourly wages - 8:30 AM ET
Hourly wages year over year - 8:30 AM ET
Notable Earnings for 6/02/2023
Pre-Market Earnings:
None Scheduled
Wrap up
Overall, this should be an exciting day to end the week. Capitalize on the bullish momentum in the markets right now and do what you can to increase your profit potential. Do not fight any trends and look to open up some bearish positions for the near future. Market conditions are optimal for now, but make sure to prepare for the future as positions are going to get rough once momentum slows down.
Good luck trading, and I hope you all have an amazing weekend!