HaiKhuu Daily Report 7/18/2023
Good morning and happy Tuesday! Hope you traders are excited about these current market conditions. $SPY is continuing to look strong while organizations are starting to have earnings which should continue to provide strength, but who knows what serious is going to happen over the next couple of weeks. There is a great chance that we hit new 52-week highs today, and there’s still an exceptionally high likelihood of the markets continuing to move up before coming down. Continue to capitalize on this confidence in the markets and realize some gains while given an opportunity to do so. These market conditions are primed to continue to move up on blind confidence in the markets, so make the most out of it. We are still at the lower end of extreme greed in the markets, and that will come back in due time, but for now, continue to ride the momentum in the markets and make the most out of these current conditions!
Good luck trading today and let’s make some bank!
Thoughts & Comments from 7/17/2023
Yesterday was a day full of beautiful bullish momentum for the markets that could have been easily capitalized on. We started the day with $SPY trading at $449.11 and quickly went on to make the official low of the day at $449.09. After dropping two cents from market open, the rest was history with consistent strong bullish momentum throughout the entire day.
We pushed up nicely throughout the entire morning until lunchtime, where we topped out around $450.71, and came down on low volume, but as people started to come back to the markets and volume picked up, we watched as the markets continued to move up with relative strength, providing us with even more opportunities to capitalize on the momentum in the markets and realize some gains.
Going into power hour, we were testing new 52-week highs on $SPY, and within a moment’s notice, we blasted through the previous resistance and made an official high of the day, and new 52-week high trading at $451.93, before coming down into market close.
The day ended with $SPY trading at $450.84, up $1.56 for the day, or up approximately 0.35%, with an intraday bullish movement of +0.38%. There were many opportunities to actively trade and realize a significant amount of gains at the time, providing us with some beautiful momentum in the markets, and the ability to trade to the upside.
Hopefully, you all were able to capitalize on the momentum in the markets yesterday and had an amazing time in the process! Let’s see what today has in store for us and watch as the momentum hopefully continues to pick up.
Thoughts & Comments for Today, 7/18/2023
Today should be a confusing time for the markets. I personally am expecting to see a significant amount of volatility and chop in the markets today as people are confused about the direction they want the markets to move. There is a lot of strength in the current markets that are providing people with comfort and becoming complacent in these conditions. As you all know, once people start to become complacent in these market conditions, is when the ball is ultimately going to drop, it is just a matter of not if, but when.
Continue to follow the momentum in the markets right now and realize some gains when given an opportunity to do so, but it is just a matter of when there is going to be that reversal in the markets that we all are looking for, and when will that ultimately happen. I personally again, am expecting to see a drop in the markets, but it is a matter of following the momentum in the markets so you can continually capitalize on the market conditions, regardless of the direction. Once there is a sign of that reversal, be fluid and don’t fight the trends in the market.
A couple of organizations I have my eyes set out on today are $DIS, $F, and $TSLA.
$F and $TSLA are going to provide some great trading opportunities today for you all if you are able to watch them throughout the day. $F has taken a hit over the previous couple of days, most recently as a result of EV-News and them decreasing the prices of their EVs, but this is providing us with an amazing opportunity to trade them with confidence at these lower prices.
$TSLA is looking extremely strong right now and has a lot of momentum it has been building up over the previous couple of days. There is a great chance to watch for a possible break out here. This is a lot riskier of a day trade as it is a significantly more volatile stock, which will make it difficult to time your position out perfectly, but assuming your allocations are solid, you should be able to enter into these positions with relative ease and realize gains extremely quickly.
$DIS on the other hand has had a lot of difficulties recently as a result of the strikes going on at the moment. They are trading under $86 at this moment and can realistically continue to fall assuming nothing changes in the short term, this is going to be a great opportunity to grab some shares, leaps or sell CSPs on $DIS with ease. You will not make any sort of substantial realized gains in the short term with this place, but it is a play with a significant amount of confidence assuming you can hold it indefinitely until it moves back up.
The organizations I am holding a lot of right now, are $DRI, $DIS, $MAT, and $TGT. All are relatively safer plays that will not appreciate too heavily in the short term but should consistently provide me with an opportunity to make some safe gains in perspective to the markets, and in the case, the markets come crashing down in the short term, should sustain themselves all extremely well at this time. Obviously, take this all with a grain of salt, but these are all positions you should definitely consider.
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 great day for the algorithm. The long-term portfolio underperformed heavily in comparison to the general markets which is unfortunate, but at the same time, the base algorithm was only beat out by $SPY by a fraction of a percent. In comparison to the long-term portfolio it was built on, the algorithm did amazing despite underperforming against $SPY. Tough day for our fundamental analysis, but an amazing day for our technical analysis.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.38%
Our Results:
Base Algorithm: +0.28%
Variable Market Neutral: +0.18%
Variable Sector Neutral: +0.02%
Sector Neutral: -0.03%
Market Neutral: -0.11%
Long Term Portfolio: -0.23%
With market conditions being at this interesting spot, I would continue to remain cautious, but take advantage of the opportunities that are presented to us in these current conditions. I am not expecting to see too much significant movement up today, but I do believe there will be many solid opportunities to actively trade and realize some gains utilizing these alerts. Please 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. Set stops to limit your downside risk and realize some gains!
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 7/18/2023
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
Long-Term Safe Play - $DIS
Economic News for 7/18/2023
U.S. Retail Sales - 8:30 AM ET
Industrial Production - 9:15 AM ET
Business Inventories - 10 AM ET
Home Builder Confidence Index - 10 AM ET
Notable Earnings for 7/18/2023
Pre-Market Earnings:
Bank of America (BAC)
Bank of New York Mellon (BK)
Charles Schwab (SCHW)
Lockheed Martin (LMT)
Morgan Stanley (MS)
Novartis International AG (NVS)
PNC Financial Services (PNC)
Prologis (PLD)
After-Market Earnings:
AAR Corp (AIR)
Fulton Financial (FULT)
Interactive Brokers Group (IBKR)
J.B. Hunt Transport Service (JBHT)
Hancock Whitney Corp (HWC)
Wrap up
Overall this should be a fun day for the markets with many great opportunities to trade and realize some gains. Make some smart plays, realize some gains when given an opportunity to do so, and have a great time in the process. Decrease risk and increase profit potential. Let’s see if $SPY hits a new 52-week high and make the most out of these current market conditions!
Good luck trading, and let’s have some fun today!