HaiKhuu Daily Report 7/13/2023
Good morning and happy Thursday traders! Hope you all are feeling great after the insane momentum we’ve had in the markets over the previous couple of days and are enjoying some beautiful realized gains. $SPY has continued to move up during this pre-market session and if we open up at the time of writing this report, would make a new 52-week high. This market momentum has been absolutely insane and has provided us with many great opportunities to trade and realize some gains. So please be extremely careful and cautious trading right now, but just know that historically, both today and tomorrow are bullish days for the markets, which should provide us with some beautiful opportunities to trade and realize some gains.
We have PPI coming out pre-market today, so that will be interesting to see what happens. Markets moved up significantly on CPI data yesterday, so there is a good chance that today, there is not an insane bullish movement up, but I am expecting to see some solid momentum as a result of positive PPI numbers.
Please be smart while attempting to trade today and continue to follow the momentum in the markets. Realize some gains when given an opportunity to do so and have some fun.
Good luck trading today and let’s make some bank!
Thoughts & Comments from 7/12/2023
Yesterday was an extremely interesting time for the general markets that impacted the markets heavily and caused a significant amount of confidence to come back into the markets. During the pre-market session, we noted that the markets bounced off of the daily support levels causing a significant amount of confidence to come back leading into the CPI data coming out, and once that data came out, we watched as the markets continued to rip and rally into open. $SPY opened the day trading at $446.38, up significantly from the previous close, and continued to move up throughout the morning, making new 52-week highs.
As the markets moved up, there was more and more confidence in the markets providing us with an opportunity to actively go long and realize some gains in the process. $SPY made its official high of the day, and new 52-week high trading at $447.46.
The markets did slow down and come down after making the official high, as the markets started to calm down and sell off leading into the lunchtime lull. During that lull, we made the official low of the day with $SPY trading at $444.91, down from the top, but still up significantly from the day.
The movement after the lull was nice though, as the markets continued to move up slowly, but extremely steadily until power hour. We made a relative top on $SPY trading above $446 but came down to market close.
Powerhour was not extremely powerful but was extremely choppy and difficult to trade. We ended the day with $SPY trading at $446.02, up $3.56 for the day, or up approximately 0.8% from the previous close, but had an intraday overall bearish movement of -0.08%.
Hopefully, you all were able to easily capitalize on the momentum in the markets and realized some gains as a result. It was an extremely fun day to trade and provided us with many great opportunities to make some bank! Great job yesterday and let’s kill it today!
Thoughts & Comments for Today, 7/13/2023
Today should be a fun time for the markets. We have PPI data coming out during the pre-market session that will heavily impact the market momentum. I do not believe that as this data comes out, we will see the type of movement we saw yesterday with CPI, but I am a confident believer that we will see some movement in the markets, followed by a general shift in the momentum. I am assuming everyone wants the markets to go up, and it theoretically should, but just be smart and safe in this process. I am expecting a large momentum-based movement, that will consistently chop traders out consistently throughout the day, so try and limit the amount of chop that is
If the markets move up, continue to watch the momentum and capitalize on the opportunities available. Look to follow organizations like $AAPL, $MSFT, and $NVDA for active day trades, and continually scalp and day trade the momentum while it is available in the markets. Set stops to limit your downside risk, but continually increase those stops accordingly so you are able to guarantee more profits accordingly. Do not be greedy and continually ride the strong confidence in the markets, and just make sure to exit your position prior to any shift in the general markets.
If the markets start moving down, make sure to practice safe risk management in the process, but look to increase your profitability by shorting higher beta stocks. Organizations like $TSLA, $NVDA, and $NFLX will be great opportunities to short in the case that the markets come down. If you are shorting, I would recommend staying away from purchasing puts at the moment as there will be significantly more liquidity if you are able to trade equities, and will limit your downside risk significantly more. Make sure to enter when the opportunity is correct and make sure to not get chopped out.
We all should be able to make a significant amount of gains relatively easily today, so just continue to be smart in these market conditions as a lot of people are going to have a difficult time in these market conditions. Do not be overly bearish, but make sure you have some shorts on the table so that in the case the markets come down accordingly you have the ability to capitalize on the momentum in the markets and realize some gains.
And by the way, $MAT is only continuing to go up since announcing our entry and I have only continued to add to my position as it moves up. PT remains the same at $25-$30 a share.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was a tough day for our technical analysis and all of our systems. The technical analysis underperformed by a significant amount yesterday in comparison to the markets and the fundamental analysis it was built on. I’m not happy reporting these numbers to you, but for transparency's sake, I am still more than happy to share these results. Hopefully, today is a better day as yesterday was tough 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: -0.08%
Our Results:
Long-Term Portfolio: -0.33%
Sector Neutral: -0.53%
Market Neutral: -0.74%
Variable Market Neutral: -0.83%
Variable Sector Neutral: -0.83%
Base Algorithm: -0.84%
With market conditions being interesting spot and results not being optimal yesterday, please be careful and cautious while attempting to trade these positions today. In the case the market conditions come down, do not look to actively enter into any of these positions just for general safety. This should do well today, just depending on the momentum in the markets. Please just make sure to limit your downside risk and manage your capital accordingly.
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 7/13/2023
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
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 7/13/2023
Initial Jobless Claims - 8:30 AM ET
Producer Price Index - 8:30 AM ET
Federal Budget - 2 PM ET
Notable Earnings for 7/13/2023
Pre-Market Earnings:
Cintas Corporation (CTAS)
Conagra Brands (CAG)
Delta Airlines (DAL)
Fastenal Co. (FAST)
PepsiCo (PEP)
Progressive Corp. (PGR)
After-Market Earnings:
Aehr Test Systems (AEHR)
Rocky Mountain Chocolate (RMCF)
Wrap up
Overall this should be a very interesting momentum-based day for the markets. Please continue to follow the momentum in the markets, make some smart decisions and capitalize on the opportunities that are available to us right now. Make the most out of these market conditions as this confidence is here for now, realize some gains, and don’t get greedy!
Good luck trading, and let’s have some fun today!