HaiKhuu Daily Report 6/05/2023
Good morning and happy Monday! Hope you all had an amazing weekend and are both hyped and excited for this week in the markets. We are going to see a significant amount of movement in the general markets that will result in either a significant amount of gains or a significant amount of losses, so be careful, tread lightly, but look to take advantage of any and all opportunities that are available to us right now. Ride the momentum in the markets, but be fluid with your allocations and general direction.
Watch out for $SPY $430 today, as there is a great chance that we hit
Just to give you an update on the near future, Wednesday is a historically bearish day, Thursday is a historically bullish day, and Friday is a historically bearish day. Next week, Thursday the 15th is a historically bullish day for the markets, and Friday the 16th is triple witching. The markets have been up 10 of the last 19 years, but down 6 of the last 7, and following that, the Monday following triple witching is closed for Juneteenth.
This should be a fun time for the markets over the next couple of weeks with a significant amount of movement in the markets. Just continue to do what you can to capitalize on the opportunities that are available to us in the short term, but again, do not forget that the summer session is among us. So tread lightly, but continue to follow the momentum in the markets.
Good luck trading today everyone and let’s make some BANK!
Thoughts & Comments from 6/02/2023
Last week was an extremely interesting time for the general markets that provided us with a significant amount of bullish momentum and many great opportunities to actively trade and realize some gains in the process of everything. We started off the week relatively strong, trading at $415.33 with a significant amount of strength as historically, it was a very bullish time for the general markets. We quickly moved up from the relative low, to come up and actively test the $420 range on $SPY. We were in this range for a long time until debt ceiling talks caused the markets to drop at the end of the month, and once the initial votes were passed on raising the debt ceiling, we have seen an absolute push in the markets. We ended May with $SPY trading around $417.
On June 1st, we watched as there was a significant amount of bullish momentum added into the markets as confidence came back and volatility dropped heavily. Markets slowly but surely moved up nicely, and we went on to break above $420 with relative confidence testing the new high of 2023.
Friday, June 2nd, was an amazing day for the markets with a significant amount of confidence and momentum in the markets that provided us with some beautiful bullish momentum resulting in making continual highs of the year. We watched as $SPY opened the day trading significantly above the previous close of $421.82, opening the day officially at $424.44, and watched as the markets continued to climb up throughout the entire morning.
We did make a relative low of the day after a quick snap back around 10 am EST, with $SPY trading at $423.95, but watched as the markets went on an absolute tear throughout the entire day. There was no stopping the freight train as $SPY continued to push throughout the entire afternoon, continually building more confidence in the markets. $SPY made its official high of the day, and high of the trading year, at $428.74, while the markets slowed down into close. We ended the week with $SPY trading at $427.92. Up $6.10 from the previous close on Thursday, or up approximately 1.45%, with an intraday bullish movement of approximately 0.80%. $SPY moved up approximately 3% throughout the entire week, and this has been one of the best weeks we have seen in a long time.
Hopefully, you all were able to capitalize on the opportunities presented to us and realize a significant amount of gains throughout the process of everything. It was a great week for the general markets and anyone who had been holding strong equities should have profited nicely.
Let’s hope this momentum continues to sustain itself, and that we are able to continually benefit from these market conditions in the short term!
Thoughts & Comments for Today, 6/05/2023
Today should be an interesting time for the markets. There is a significant amount of confidence in the short term in the general market conditions as a result of this bullish momentum we’ve seen over the previous couple of days. Look to continue to capitalize on the opportunities that are presented to us right now as this momentum is not sustainable. Just because it is not sustainable though, does not mean you should not look to take advantage of the opportunities that are available to us. Tread lightly on these current market conditions.
Look to add some longer-term bearish positions in the general markets as VIX is at lows, while the markets are looking extremely strong. I personally have started to add bearish exposure into my portfolio picking up some $SPY $426 puts in anticipation of some significant bearish movement over the next couple of weeks.
This time last year, $SPY was in the same relative range that we are in right now, looking relatively strong, but over the course of a bloody two weeks, we watched as the markets collapsed and dropped approximately 10%, making a low on $SPY trading at $365 on June 21st. I do not anticipate that we will see the market collapse in this fashion, but I do expect to see a significant drop in the short term, before quickly snapping back and providing us with some amazing opportunities to load up on solid equities and ride a beautiful bullish wave up throughout the rest of the year.
For now though, as I have been saying. Follow the momentum in the markets, but stick to your game plans. Tread lightly on these market conditions but do what you can do to increase your profit potential. This current market sentiment is not sustainable and we will see some bearish movement soon. It is just a matter of when the symphony stops playing and people start rushing for the door. I do not want to incite fear or cause any panic while saying this, but it is more of a matter of time before the markets come down. I would hate for people to lose liquidity in these current conditions.
Watch for semiconductors and mega-caps that are impacted by this “AI Hype” to start selling off, that will be a leading indicator that the markets are going to start coming down. Names like $NVDA, $AMD, $GOOGL, and $MSFT are all hyper-inflated at these current prices, and when they start coming down as the AI hype slowly fades away, that is when we will start to see some bearish momentum coming back into the 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 an amazing week for the new systems we’ve created. The new portfolio outperformed the markets by a relatively larger margin and I am very happy to see that the shift in the allocations was successful. Part of this is in line with the current market conditions, but the other part is due to taking on better allocations. Our technical analysis did underperform in comparison to our fundamental analysis, but C’est la vie. One week of performance does not show enough confidence or weakness to get good judgment. When you have a chance, come check out our in-depth quarterly performance report on the algorithms’ in Asher’s Report! We have continued to kill the markets this year and I am very excited about it.
The results of last week are as followed:
Baseline:
$SPY: +1.16%
Our Results:
Long-Term Portfolio: +1.44%
Base Algo: +1.08%
Variable market Neutral: +0.28%
Variable Sector Neutral: +0.22%
Sector Neutral: +0.01%
Market Neutral: -0.54%
With market conditions being optimal at this point, look to take on more general allocations in the markets, but please be careful and cautious. Tread lightly with the conditions as there should be a significant amount of momentum that does impact the performance of the markets in the short term. There should be some amazing plays that come out of the markets today, it is just a matter of if you are able to catch them efficiently and effectively. Set some stops in guaranteed profit when given an opportunity to do so, and look to take advantage of the opportunities that are presented to us right now. Be smart, be safe, and do your own due diligence prior to entering into any of these positions today!
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 6/05/2023
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 6/05/2023
US S&P Services PMI Final - 9:45am ET
US S&P Composite PMI Final - 9:45am ET
US Durable Goods Revised - 10:00am ET
Notable Earnings for 6/05/2023
Pre-Market Earnings:
Science Applications (SAIC)
After-Market Earnings:
Gitlab (GTLB)
HealthEquity (HQY)
IDT Corp (IDT)
Sprinkler (CXM)
Wrap up
Overall, continue to capitalize on these current bullish market conditions, but do what you can in the short term to realize as many gains as possible while you can. These market conditions are not sustainable and we will see some bearish momentum in the markets soon. Make smart plays, realize some gains, and start to hedge your account and get some bearish allocations while you can while VIX is relatively low. This is an amazing time to open up some puts.
Good luck trading, and I hope you all make some BANK this week!