HaiKhuu Daily Report 7/20/2023
Good morning and happy Thursday! This week has absolutely flown by. Hope you all are excited about today and are watching the aftermath of what was an interesting earnings. $TSLA has been slammed after hours and has been moving down. At the time of this report, is down approximately 4.2% from close, while $NFLX has dropped approximately 7%. Both have moved down heavily at this time despite beating earnings expectations and the end result has caused slight weakness in the markets. $SPY is not down heavily at this moment and is down a fraction of a point. But this could be a possible sign of weakness and people starting to show possible fear as both $TSLA and $NFLX are down.
Please continue to be careful in these market conditions despite the markets being historically bullish today. Just note that tomorrow is historically a bearish day for the markets, and is July Expirations. So expect to see elevated volatility and momentum in the markets.
Continue to ride the momentum but please just be safe in the process. Lots of movement is going to happen and this will be a difficult time to trade for the majority.
Good luck trading today and let’s make some bank!
Thoughts & Comments from 7/19/2023
Yesterday was a relatively wild day for the markets that were extremely choppy and provided us with many opportunities to realize some gains or to get absolutely slapped around like a dead fish.
$SPY opened the day trading at $455.01 and moved up from open, where we pushed up to make a new high of the day. $SPY made a new 52-week high while making the official high of the day trading at $456.42 before the momentum slowed down and started to chop around for multiple hours until the lunchtime lull hit the markets. Once that happened, we started to see lower volume as the markets were relatively stagnant and did not provide many opportunities.
Right after Noon EST, we got news about Apple, and how they are reporting on the idea of them developing AI products to bring to the marketplace. As a result of this, we watched $AAPL soar to a new 52-week high, and all-time high trading at $198.23, providing significant confidence, and an even better opportunity to short as the markets were slowing down and not reacting as positively as they did to $MSFT’s news on Tuesday.
This news brought some bearish momentum into the markets as people were selling off general equities and caused the markets to drop going into power hour. We made an official low of the day on $SPY trading at $454.37, still green for the day, but down slightly from the 52-week high.
After making that bottom though, we did move up nicely with relative confidence, getting back to a relative high trading right under $456, rejecting that level, and coming down into the market close.
We ended the day with $SPY trading at $455.20, up $1.01 for the day, or approximately 0.22% from the previous close, with an intraday bullish movement of +0.11%. It was an interesting yet confusing day for the markets that provided us with opportunities to actively trade and realize some gains but provided us with a difficult time to actively trade in the process. Hopefully, you all were able to realize some gains easily in the process of everything while trading yesterday and were able to have a great time in the process. Good job to anyone who was fluid and was able to kill it yesterday, and let’s see what today has in store for us!
Thoughts & Comments for Today, 7/20/2023
Today should be a fun day for the markets as a result of this momentum. I would personally advise everyone to be cautious, as a result of earnings, but at the same time, look to take advantage of the opportunities that are available. This bearish movement on $TSLA and $NFLX will ultimately provide us with many opportunities to trade both the bullish and the bearish side of the markets, with ease. You just have to be fluid with the positions and make sure that you are practicing safe risk management in the process. Ride the direction of the markets, until you get a confirmation of a reversal, where you can switch sides with confidence. If things start to move irrationally, be rational with your thought process and enter when positions that are overextended, either to the upside or downside.
A couple of organizations I am going to be watching for opportunities to trade today are $NFLX, $FUBO, and $RIVN. The one play of those three that I am extremely interested in seeing what happens today, is $FUBO. Assuming the premium is going to be high enough for the 1DTE, I believe this is going to be an amazing opportunity to sell CSPs and collect a significant ROI in literally a day’s time. This won’t make anyone stupidly rich over the span of the next day, but this should hypothetically, be a position that nets everyone a significant return on investment in an extremely difficult time to navigate in the markets.
Other than that, I will be looking to actively scalp and day trade the momentum that is provided to us in these market conditions. $RIVN should be an interesting momentum play for the day as it will follow heavily with $TSLA. In the case that $TSLA starts to show positive momentum and the ability to reverse and move up, $RIVN should do phenomenally as an active day trade in the process. These will be quick continuous scalps that individually will not make any life-changing money, but doing that consistently throughout the day will provide a sizable return.
This should be a fun time for the general markets, so just continue to follow the momentum, practice safe risk management, and realize some gains today. Prepare for any possible downside momentum in the markets, but get excited to see if there are opportunities to scalp and trade toward the upside!
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 interesting time for the markets, but I am very happy to see that the long-term portfolio carried a significant amount of weight in our performance. All of our bullish strategies outperformed the markets by a large margin, and we were able to produce some great results. Our technical analysis beat out our fundamental analysis by a slight margin, so I will take yesterday as a win!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.11%
Our Results:
Base Algorithm: +0.52%
Long Term Portfolio: +0.48%
Variable Market Neutral: +0.44%
Market Neutral: +0.41%
Variable Sector Neutral: +0.05%
Sector Neutral: -0.33%
With market conditions being at a confusing point, most positions should do phenomenally, but it is just a matter of how sustainable these movements are intraday for these alerts. I would recommend you only allocate into larger confidence recommendations today. Make sure to do your own due diligence prior to entering any position. Set stops in guaranteed profit and make sure to capitalize on the momentum in the markets while its here!
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 7/20/2023
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 , $TSLA, $NFLX, $MAT , $DIS, $MSFT , $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 7/20/2023
Initial Jobless Claims - 8:30 AM ET
Philadelphia Fed Manufacturing - 8:30 AM ET
Existing Home Sales - 10 AM ET
U.S. Leading Economic Indicators - 10 AM ET
Notable Earnings for 7/20/2023
Pre-Market Earnings:
Abbott (ABT)
American Airlines (AAL)
Blackstone (BX)
Kenvue Inc (KVUE)
Taiwan Semiconductor (TSM)
SAP SE (SAP)
Phillip Morris (PM)
Johnson and Johnson (JNJ)
After-Market Earnings:
Capital One Financial (COF)
BancFirst Corp (BANF)
CSX Corp (CSX)
Intuitive Surgical Inc (ISRG)
PPG Industries (PPG)
Wrap up
Overall this should be a fun day for the markets with a significant amount of choppy momentum that people could capitalize on with relative ease. Just make smart decisions, follow the momentum in the markets, and don’t get greedy, as greed will slaughter you today. Let’s make some bank and be safe in the process.
Good luck trading, and let’s have some fun today!