HaiKhuu Daily Report 7/12/2023
Good morning and Happy Wednesday! Hope you are excited for today because the markets are looking exceptionally strong at this moment and we have a significant amount of economic news today that will heavily impact the performance of the markets. Assuming that the markets continue to move the way they are, and economic news is positive, this is the bounce in the markets we’ve been speculating could happen on the daily conversion line support, and can easily reach new 52-week highs as long as CPI is strong and sentiment about the markets are even better.
Please tread lightly on these market conditions, but utilize this as an opportunity to realize some gains. Follow the momentum in the markets and capitalize on this strength in the markets.
Just a reminder, we are hosting an event in TWO WEEKS featuring Tom Sossnof, the Founder of tastytrade, tastylive, and Think or Swim. He will be doing a walk-through on how to use tastytrade & hosting a Q&A. Click on this to RSVP to this event!
If you have not signed up for tastytrade yet either, we highly recommend you sign up for the official brokerage of HaiKhuu Trading!
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Good luck trading today and let’s make some bank!
Thoughts & Comments from 7/11/2023
Yesterday was a great day for the general markets with many phenomenal opportunities to actively trade and realize a significant amount of gains in the process of everything. We opened the day with $SPY trading at $440.50, up from the previous close of $439.66. This bullish confidence in the markets provided us with an opportunity to ride the momentum up throughout the day. We did quickly move up right after opening to test $441, but came back down, officially going red after breaking below $440, making the official low of the day with $SPY trading at $439.44.
After going red though, we watched as the markets continually went up and continued to rally throughout the day. During the lunchtime lull, the markets went on again to make a new relative high, this time trading around $441.65. This movement up was significant, but it was not able to sustain this level as we continually came down into power hour.
In powerhour, we did watch as there was some bullish movement in the markets that we could have capitalized on, as the markets continued to go up at that time.
Within the final couple minutes of the day, we watched as there was a significant amount of bullish momentum in the markets that provided us with some insane movements in the markets to make a high of the day into market close. $SPY went on to make the official high of the day trading at $442.97, and ended the day trading at $442.46, up $2.80 for the day, or approximately 0.64%, with an intraday bullish movement of +0.46%
It was an amazing day for the markets that provided us with many opportunities to actively trade and realize a significant amount of gains in the process of everything! Hopefully, you all were able to realize a significant amount of gains actively trading yesterday, and your positions continued to move up accordingly as it was a lot of fun watching organizations move with confidence!
Thoughts & Comments for Today, 7/12/2023
Today will be a fun day for the markets as a result of CPI during the pre-market session. Obviously, you should be looking to take advantage of the momentum in the markets, but tread lightly. We have bounced off daily support providing us with a significant amount of confidence in the markets going into CPI.
Before making any allocations for the day, watch for the movement in the markets and make sure that you are following the momentum versus fighting the trend. There will be many opportunities to actively trade and realize gains today with relative ease, but it will be tough to time out the most “optimal” entry possible, so simply follow the direction of the markets by grabbing some equity in some of the mega-caps or indices, and follow that momentum accordingly. If you are blindly following the momentum in the markets, just make sure you are setting stops to limit your downside risk potential and continually increasing your stops to guarantee more profits in the process of everything.
Be fluid with your allocations today. Assuming we have some crazy movements in the markets, the two things I want to say now to remember for the near future is to NOT FOMO into any plays. Assuming the markets are going up and you aren’t on the train, don’t FOMO into anything that is continually moving up, look for other opportunities to play because there will be other organizations that have not taken off yet that will give you an opportunity to realize some gains, and the second thing is in the case you have a position and it continues to run without you, I just want to say this now, I’m sorry about it, but do not stress nor worry too much. All it will do is negatively impact your day, and might cause you to get emotional or reckless with your trades. Remain level-headed and do not cry over spilled milk! Find the next play you can capitalize on and continue moving forward. You don’t have to win every play, but just remember you all are strong traders and there will be many more phenomenal opportunities in the markets.
I personally am very excited to watch this momentum in the markets and will be actively attempting to day trade the momentum. I have a strong list of holdings that I am in at the moment that assuming the markets continue moving up, will do phenomenally, and in the case the markets come down, I am well hedged where the unrealized losses that are incurred are subsidized. I highly recommend that this be the mindset of most of you right now, where you still are able to positively benefit regardless of market conditions.
This will be an extremely fun day for the markets, that are difficult for others. But as long as you make the most out of the momentum in the markets, you should have a phenomenal time. Just continue to ride the momentum in the markets and watch out for the possibility of a new 52-week high!
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 our systems and the markets. The market momentum positively impacted our results and we were able to outperform $SPY with multiple measures with ease. Our technical analysis underperformed in comparison to our fundamental analysis, and this is one of those days that the fundamental analysis carried the results of the algorithm. We are all very happy with these results and hope that assuming there is a significant amount of positive momentum that will continue to positively impact our performance over the next couple of days!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.46%
Our Results:
Long Term Portfolio: +0.8%
Base Algorithm: +0.7%
Variable Market Neutral: +0.62%
Variable Sector Neutral: +0.52%
Market Neutral: +0.46%
Sector Neutral: +0.11%
With a significant amount of economic news coming out during the pre-market session, please be careful and cautious with these plays. Practice safe risk management with any and all of your allocations and make sure that you are simply following the momentum in the markets. If market conditions are not good, I do not recommend blindly entering into any of these positions, but as long as market conditions do look optimal, I would highly recommend you do your own due diligence prior to entering into any position and enter the positions you personally have confidence in.
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 7/12/2023
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 , $RIVN, $MAT , $DIS, $MSFT , $NVDA, $TSLA, $AAPL
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 7/12/2023
Consumer Price Index (CPI) - 8:30 AM ET
Richmond Fed President Barkin speaks - 8:30 AM ET
Atlanta Fed President Bostic speaks - 1 PM ET
Fed Beige Book - 2 PM ET
Notable Earnings for 7/12/2023
Pre-Market Earnings:
AngioDynamics (ANGO)
Theratechnologies (THTX)
After-Market Earnings:
MillerKnoll, Inc. (MLKN)
Ocean Power Technology (OPTT)
Wrap up
Overall this should be a crazy day for the markets mostly with the pre-market economic news coming out. There is a great chance that we make new 52-week highs on the market, but it is just a matter of if we are able to get up to that point and retain it with confidence. In the case we do, continue to enjoy the bullish momentum in the markets, and in the case, the markets come down, prepare and watch out for support levels below.
Good luck trading, and let’s have some fun today!