HaiKhuu Daily Report 6/14/2023
Good morning and happy Wednesday!!! Hope you traders are loving this current market condition. We hit new 52-week highs on $SPY yesterday, and markets are continuing to look extremely strong as confidence is starting to slow down. Momentum has not left the table yet, but confidence has started to slow down. Please be careful in these market conditions, but continue to do what you can to maximize your profits and ride the waves in these current market conditions!
Just a reminder over the next couple of days. Tomorrow is a historically bullish day for the markets, Friday is triple witching, so expect more volatility. And the markets are closed on Monday for Juneteenth.
Let’s end this week on a strong note, we are on the back half so let’s have some fun, let’s make some bank, and have a great time in the process.
Good luck trading today and let’s take advantage of these market conditions!
Thoughts & Comments from 6/13/2023
Yesterday was another amazing day for the general markets with a significant amount of bullish momentum, hype, and the ability to realize some gains.
We hit a new 52-week high on $SPY and are looking extremely confident.
$SPY started the day trading significantly higher than the previous close, opening the day at $435.25, up nicely from the previous close of $433.80. The day started off with a significant amount of strength as the markets moved up right from open, to make a relative peak trading right under $437.
Markets did come down slightly after making the relative high, making the official low of the day trading at $434.64. The drop from the top was minor, and the low of the day was relatively insignificant as it was a result of the large market movement that happened during the pre-market session.
The markets did move up after making that low, where momentum was slow and choppy, but did provide us with many opportunities to actively trade.
Markets did not do much going into the lunchtime lull, and remained relatively stagnant at that point. As people did come back into the markets, we watched as the markets did slowly pick up. We watched as $SPY went on to make an official high of the day at $437.33.
After making that high, we watched as $SPY quickly sold off and came down. The drop was not significant but we did make a relative low around the low of day, officially going red from open for a slight period of time, before powerhour.
During powerhour, we watched as the markets did move up slightly into close. The movement up was not that significant, but we did move up approximately a point on $SPY from the relative low into close.
We ended the day with $SPY trading at $436.66, up $2.86 for the day, or up approximately 0.66%, with an intraday bullish movement of +0.31%.
It was a tough day to trade, but a beautiful day for general market momentum. Hopefully, you all were able to capitalize on the opportunities that were available to you and realize some gains in the process of everything!
Thoughts & Comments for Today, 6/14/2023
Today should be another interesting time for the markets. As I have said before, it would not surprise me to see we hit new 52-week highs on the markets in the short term as there is a significant amount of confidence in the markets and people are excited about the current market conditions. Things can obviously get significantly better with even more bullish momentum coming into the markets, but we will take what we can get in the short term. Continue to follow the momentum, but tread extremely lightly as these conditions are optimal for now, but can shift extremely quickly resulting in a lot of people losing a significant amount of money.
I would not recommend actively allocating long into the markets in these current conditions unless you are willing to allocate to safer plays that are relatively slower. Lots of equities are heavily overpriced at this point. People that buy in now, may be able to generate some gains in the short term, but when the market comes and corrects in the near future, will be the ones that ultimately are left holding the bag at these relative highs.
Please continue to tread lightly in these conditions but continue to capitalize on this momentum. The safest move in these conditions may be a little unconventional in terms of what people are used to hearing, but the best way to safely capitalize on this momentum in the market is via active scalping and day trading. You are able to capitalize on the short-term movements in the markets and limit your downside risk significantly. You will not increase your long exposure in the markets but still be able to ride the momentum.
This market momentum is amazing, and the bullish sentiment is great for people who like trading the bull side, but just know that when things ultimately start coming down, buckle up because things are going to get rough soon before we go on an absolute tear in the markets.
Continue to hedge your accounts, short some overpriced equities, and look into going long volatility. These plays will lose in the short term until market sentiment and momentum change and we all are able to realize a significant amount of gains and offset losses.
In the case that the markets only continue to move up, again, ride the momentum and make sure that the long exposure you have, outperforms the downside risk of your short exposure. The way your portfolio should be set up is in case the markets go down, the short exposure helps minimize losses, and if the markets continue to be extremely strong and bullish, the bullish exposure should highly outperform the losses that would be incurred via your shorts.
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 as a result of a large allocation in the proper tech organizations. Everything outperformed the markets by a sizable margin except our sector-neutral strategy and we are happy to present our results to you today. We will be working on upgrading our systems here in the near future, so watch out for a significant update within the next month or so with 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: +0.31%
Our Results:
Base Algorithm: +0.67%
Variable Market Neutral: +0.61%
Long Term Portfolio: +0.57%
Variable Sector Neutral: +0.54%
Market Neutral: +0.48%
Sector Neutral: -0.08%
With market conditions being relatively strong today, please wait until economic news comes out prior to deciding on what positions you’d like to enter. Assuming market conditions are strong today, the portfolio should do extremely well, but in the case, there is a shift in market momentum, please tread lightly. Make sure to do your own due diligence prior to entering into any of these positions and make sure to practice safe risk management in the process of everything!
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 6/14/2023
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 , $DG , $DIS, $AMZN , $AAPL , $NVDA , $MSFT , $AMD
Position Opportunities:
Ride the momentum in the markets
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 6/14/2023
Producer price index - 8:30 AM ET
Core PPI - 8:30 AM ET
PPI year over year - 8:30 AM ET
Core PPI year over year - 8:30 AM ET
Fed decision on interest-rate policy - 2 PM ET
Fed Chairman Powell press conference - 2:30 PM ET
Notable Earnings for 6/14/2023
Pre-Market Earnings:
Aurora Cannabis (ACB)
After-Market Earnings:
Lennar Corp (LEN)
Wrap up
Overall, be smart and safe while trading today. Take advantage of the opportunities that are presented to us in the current market conditions, but make sure to tread lightly when we see a shift in market momentum. Be smart, be safe, capitalize on the bullish sentiment, but make sure to practice safe risk management.
Good luck trading, and let’s make some bank today!