HaiKhuu Daily Report 7/14/2023
Good morning and happy Friday! Hope you all are excited about the market conditions today as historically it is a bullish day for the markets and should provide us with many opportunities to trade. We are currently testing $450 at the time of this report, and there is a great chance that we are able to continue to move up throughout the day assuming people are consistently buying and have confidence in these market conditions. Do not fight the trend, prepare for what will be a choppy day at these levels, and do what you can to maximize the opportunities that are available to us in these market conditions.
Practice safe risk management, but look to take on some risk when attempting to trade today as it is one of those days that if you increase your risk, you should have a great time assuming that you are making some smart positions. Follow the momentum in the markets and do what you can to maximize your returns for the day.
Good luck trading today and let’s make some bank!
Thoughts & Comments from 7/13/2023
Yesterday was an amazing day for the markets with a significant amount of chop, and bullish momentum. Hopefully, you all were able to listen to or read the report yesterday because we called it to a T about the general movement throughout the day. We opened the day with $SPY trading at $447.90, up nicely from the previous close of $446.02. There was a solid amount of bullish confidence in the markets at open, but it was extremely choppy throughout the whole process which made it extremely difficult for the majority of traders to trade yesterday. It was unfortunate that the markets were so choppy, but there was some very consistent bullish momentum in the process. Throughout the first couple of hours of the day, there were some great opportunities to trade and realize some gains, but it was extremely difficult to trade consistently throughout the entire morning.
Once we got to lunchtime though, the markets as expected continued to be relatively choppy but provided us with many opportunities to capitalize on the momentum in the markets. The real move though, happened after people started to come back from the lunchtime lull. We watched as the markets slowly got more buying power and momentum that positively impacted everything and watched as we continued to slow grind up.
In the back half of the day, the markets continued to push in a way that was expected but was not anticipated in real time. We continually made new 52-week highs and watched the bullish momentum be positively impacted in that time.
Going into power hour, we continued to push new 52-week highs in the markets and officially broke $450 on $SPY for the first time since 2022. It was an amazing time and provided a significant amount of confidence in the markets.
During this time, we made our new official 52-week trading at $450.38, up significantly for the day, and up significantly for the year.
We ended the day with $SPY trading at $449.56, up $3.54 for the day, or up approximately 0.8% from the previous close, with an intraday bullish movement of +0.36%. I hope you all were able to realize a significant amount of gains trading yesterday and are hyped for today.
Thoughts & Comments for Today, 7/14/2023
Today will be another fun day for the general markets. With a significant amount of bullish momentum and confidence in the markets, this should be an amazing time providing us with many opportunities to trade and realize some gains. I will warn you all that just like yesterday, I am expecting a significant amount of chop that will make it difficult for the majority of people to consistently realize some gains, but assuming you are able to simply ride the momentum and not get chopped out of your positions, you should be able to realize some gains with ease.
Please be careful and cautious about $450. I am expecting to see a significant amount of chop around this level assuming that we come down accordingly, but I am expecting to see some bullish momentum as there is confidence back in the markets. As I said before, today historically is a bullish day for the markets.
Make sure to have stops set in place to limit your downside risk accordingly, as there will be a significant amount of chop and opportunity for the markets to sell off today, mostly as we are back at new 52-week highs, but until we really see that significant downside, you should be able to capitalize on this momentum in the markets with relative ease.
In the case the markets come down, I do not expect these levels to hit anytime today, but just make a mental note that there is a gap on the daily for $SPY, that the daily support levels are at $443.80, and $438.18. We would need a major catalyst for this to hit, and with this newfound confidence in the markets, after we’ve bounced from the bottom, I do not believe this will get tested for a while.
Just continue to make smart decisions and be safe in these market conditions. People are bullish, confident, and comfortable, and that is the point that you should be nervous and conscious of these market conditions. $NVDA has continually hit new 52-week highs, which is an amazing sign for the markets, and all of these mega-caps are looking exceptionally strong, but please do not get blindsided by this momentum. I personally am still skeptical of these conditions in the markets and am looking for opportunities to continually capitalize on both the upside and the downside.
For today, I will be looking to capitalize towards the upside by continually day-trading and scalping organizations that I believe are exceptionally strong at this time, but at the same time, I will be looking for opportunities to short. An extremely risky play that you could look into shorting right now, is $COIN. With the news on Ripple coming out yesterday, we have seen a significant amount of bullish momentum not only with Cryptocurrencies but with Coinbase too. I am expecting that when the momentum and hype slows down, this will come back to “reality” but in the short term, there is not much we can do other than fight this momentum. I am looking to short SHARES of $COIN, versus attempting to purchase puts, but if you are looking to take on some more risk, you could get options, even though it is extremely difficult to do that at an affordable rate.
Just look to play higher beta stocks today and make sure to limit your downside risk, as long as the markets continually move up throughout the day today, we should have a phenomenal time providing us with many great opportunities not only to trade but to realize some significant gains with ease.
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 beautiful day for not only the markets but our systems too. Our fundamental analysis underperformed in comparison to the general markets, but our technical analysis was able to beat out the markets by a solid margin. We are very happy with these results and the progress the algorithm has been making, and hope you all have been able to realize some gains with this system during this time!
The results of yesterday are as followed:
Baseline:
$SPY: +0.36%
Our Results:
Base Algorithm +0.49%
Variable Market Neutral +0.27%
Variable Sector Neutral +0.23%
Long Term Portfolio +0.21%
Sector Neutral +0.19%
Market Neutral +0.17%
With market conditions being at an interesting spot, I would highly recommend caution when attempting to allocate into anything blindly but look to capitalize on the bullish momentum in the markets. Take advantage of these opportunities and look to allocate to higher beta stocks as in the case the markets continue to move up, you should be provided with a significant amount of realized gains in the process. As always, make sure you are doing your own due diligence and entering into positions while limiting your downside risk by setting stops and continually increasing those stops accordingly throughout the day to guarantee more profits in the process.
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 7/14/2023
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 , $COIN, $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 7/14/2023
Import Price Index - 8:30 AM ET
Consumer Sentiment - 10 AM ET
Notable Earnings for 7/14/2023
Pre-Market Earnings:
Citigroup (C)
Ericsson (ERIC)
JPMorgan Chase (JPM)
State Street (STT)
United Health (UNH)
Wells Fargo & Co (WFC)
Wrap up
Overall this should be a great time for the general markets today. Just remember today is a historically bullish day for the markets and will provide us with many opportunities to trade and realize some gains. Be smart in the process of everything, limit your downside risk, and take advantage of this market momentum. I hope you all have an amazing weekend and make some BANK trading today!
Good luck trading, and have an amazing weekend!!!