HaiKhuu Daily Report 7/05/2023
Good morning and happy Wednesday! It feels like a Monday, but turns out it’s humpday! Hope you all had a great 4th of July and are ready for today. This week is flying by, and before we know it we will be enjoying the weekend again!
$SPY is down slightly at the time of writing this report, and realistically I do not believe that we will be able to recover the losses incurred during the pre-market session before opening.
Expect elevated volatility today providing us with many opportunities to actively trade, and more opportunities to actively realize significantly more losses, so if you are attempting to trade today, stick to scalping, and only day trade when you have confidence that your play will work out perfectly.
We have the Fed minutes coming out today so this will be an interesting time.
Look to decrease risk while attempting to trade, positions should do fine in the grand scheme of things, but I am expecting today to be a difficult day for many.
Good luck trading today and let’s kill it!
Thoughts & Comments from 7/03/2023
Monday was an interesting time for the markets, we did not see a significant amount of movement as a result of the half day, but we did see some general bullish movement in the markets that could have been capitalized on.
We opened the day trading at $442.96, down from the previous close of $443.28. Markets were slow, but the day went by extremely quickly. There was a significant amount of chop as the markets continually moved up, which was a sign of confidence, but nothing to the extent of being able to realize any significant gains.
There really was no “lull” in the markets, but we did see a slight dip after making the first relative high of the day, then afterward, watched as the markets continually grinded up. $SPY made an official high of the day trading at $444.08 and watched as the markets came down slightly into close.
We ended the day with $SPY closing at $443.79, up $0.51 from the close on Friday, or up approximately 0.12%, with an intraday bullish movement of 0.2%.
It was a difficult day for the general markets, but it provided us with some phenomenal opportunities to actively trade and realize some gains.
Hope you all were able to capitalize on the opportunities presented to us and have a great time trading on Monday!
Thoughts & Comments for Today, 7/05/2023
Today should ab an interesting time for the markets. As I have said before, this is going to be a day with elevated volatility and chop. I personally am not expecting any significant bullish movement in the markets, but I am expecting to see many opportunities to actively scalp throughout the day consistently.
Please be safe though as this will be a turbulent time for the general markets. We have minutes coming out here at 2 PM EST, which will result in a significant amount of movement in the markets and could shift general sentiment. Watch out for this in case you are trading.
If you are attempting to trade right now, look to actively capitalize on this chop in the general markets and do what you can to maximize your profits.
Historically, July is the best-performing month in the third quarter for DOW and the S&P, but July also begins Nasdaq’s “worst four months”. Tomorrow (Thursday) is historically a green day for the markets, so take this all with a grain of salt, but look to simply follow the momentum and don’t get blind-sighted by anything.
Take advantage of these market movements, and realize some gains but don’t get greedy. We are at a continued point where we need to see some bearish movement, as I do believe right now we are at the point where there are a lot of organizations that are highly overvalued. The issue is companies like Apple, are extremely strong, providing us with many opportunities to trade and realize some gains with ease. It’s difficult wanting to be bearish while the markets are strong and we have continually made new 52-week highs, but I do not believe that right now, the way the market stands is sustainable.
I will be continually adding to my bearish positions in anticipation that the markets come down, but still actively day trading and scalping to capitalize on this bullish momentum.
There are not many strong organizations I personally want to add to at this point, but I know that over the course of time, as long as everything works out, I am expecting to see a dip in tech, resulting in a lot of these highly overpriced tech stocks to come back to what we believe is “fair value”
Just be smart in these conditions, practice safe risk management, and limit your general exposure when given an opportunity to do so. A lot of people will have absolutely no problem realizing some significant gains while trading this month, and a lot of other people will have some difficult times. As long as you are smart, this is going to be a great time to end 2023.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Monday was an interesting time for the markets as it was a shortened day. Our results look weird as it does not typically account for the half day, so we apologize for that, but just know that everything will be fine as we are back to a normal trading situation. Results were underwhelming for Monday, but it was not anything to cause any major concern, mostly with how narrow the losses were of the long-term portfolio. Let’s see what today has in store for us, but we should have a fun time.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.2%
Our Results:
Base Algorithm: +0.03%
Long Term Portfolio: -0.06%
Variable Sector Neutral: -0.08%
Variable Market Neutral: -0.14%
Sector Neutral: -0.28%
Market Neutral: -0.36%
With market conditions expected to have increased volatility today, please just be safe and careful when looking to allocate into any of these alerts today. They all are valid from a technical analysis standpoint and have confidence in the position, but just know that there will be an increase in both risk and reward while attempting to trade these today. Make sure to practice safe risk management and limit your general exposure by simply setting stops, and increasing those stops to be in guaranteed profit. Please just be smart and capitalize on the opportunities presented to us 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 7/05/2023
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 , $VIX , $NVDA, $TSLA , $AAPL , $DIS, $RIVN, $BABA
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 7/05/2023
ADP employment - 8:15 AM ET
Factory orders - 10 AM ET
Minutes of Fed's June FOMC meeting - 2 PM ET
John Williams Speaks - 4 PM ET
Notable Earnings for 7/05/2023
Pre-Market Earnings:
None scheduled
After-Market Earnings:
None scheduled
Wrap up
Overall, this should be an interesting time for the markets. There should be an increase in general volatility that will provide us with many opportunities to actively trade, but there will be a significant amount of risk associated with attempting to allocate throughout the day. Make some smart decisions, make some solid plays, and as long as you are not greedy and make some good positions, you should have a phenomenal time trading today!
Good luck trading, and let’s make some bank!