HaiKhuu Daily Report 7/25/2023
Good morning and happy Tuesday! Markets are strong and we have a significant amount of earnings to prepare for today! I hope you all are excited because this is going to be an insane time. During the premarket session, we had some major earnings from organizations like GM, Verizon, and Raytheon. But after-hours is really going to dictate how the markets go tomorrow, with $MSFT, $GOOG/L, and $V all having earnings. This is the beginning of the earnings season, so I hope you all are prepared for some increased volatility and momentum in the markets.
Life is good and there are many great opportunities to actively trade during this time, so please just continue to make smart decisions on the markets, follow the momentum, and prepare for some turbulence, as I am 100% expecting to see a lot of people over the next couple of days either have an amazing time and realize a significant amount of gains, or people to lose a significant amount of money. So do not take on risks you cannot afford, and make some good plays. It hurts a lot less leaving money on the table than having your portfolio slashed. This will be a fun time on the markets with lots of trades, so if you miss a trade, just prepare to get into the next position.
Good luck trading today and let’s make some bank!
Thoughts & Comments from 7/24/2023
Yesterday was a crazy day for the markets with not much movement overall, but a significant amount of chop that made the markets extremely difficult to navigate. We opened the day with $SPY trading at $453.41, up from the previous close of $452.18, and we looked strong from the rip. We quickly moved up from open, to make the first high trading above $454, before quickly coming down, and making the low of the day on Economic News. The low on $SPY was $452.75, still green from the previous close, but down from the top. We quickly recovered from that going into the lunchtime lull, where there really was not much significant movement in the process, but saw a lot of chop that heavily impacted people’s ability to trade consistently. If you look at the charts, you will see continual chop for hours on end right above the $454 level that was not fun to watch.
Towards the back half of the day though as people were back from lunch, we did start to see movement up in the markets, where we did go on to test $455 and make an official high of the day trading at $455.03, and markets were looking nice, but as you all can expect in these market conditions, it was unfortunately not sustained and we watched as the markets came back down into the close.
We dropped during power hour but quickly did recover back up from the relative low, with $SPY ending the day trading at $454.20, up $2.02 for the day, or up approximately 0.45% from the previous close on Friday, with an intraday bullish movement of +0.18%.
It was genuinely a tough day to trade consistently in the overall markets, but if you look specifically at certain organizations, you should have had an easy time catching some of these waves. $TSLA moved up over 5% from open to close, where for the large majority of the day if you simply just bought and hold, you should have been presented with an amazing opportunity to realize some gains.
Well, let’s see what happens today as the markets continue to move around during this pre-market session, prepare for the worst, and hope for the best in these conditions.
Thoughts & Comments for Today, 7/25/2023
Today should be a fun day for the markets. As I said before, I am expecting to see a significant amount of momentum in the markets today, presenting us with opportunities to actively trade, but at the same time, I am expecting to see a significant amount of chop and volatility, that will make the markets difficult to navigate. A lot of the movement that will happen today will be in preparation for earnings happening over the next couple of days with people entering and exiting positions in anticipation of those earnings, as well as people preparing for FOMC. I do expect to see the markets move up accordingly today, but this is not the time to get greedy and attempt to allocate heavily to the markets in anticipation of earnings. I do believe we will see a lot of organizations outperform nicely, but forward guidance be in a tough spot.
Please continue to be safe in these conditions, as there will be a lot of movement, that will result in either a significant amount of losses or a significant amount of gains. If you are attempting to actively day trade and scalp, I think today will provide you with many great opportunities on the markets. Scalping organizations like $GOOG/L and $MSFT today will provide you with great bullish plays, and assuming that the markets are slightly overvalued, look to play the downside.
As I have been saying before, this is very risky to continually attempt to allocate into the markets at these relative highs, and even harder to justify an entry here. If you don’t have exposure to the markets, it does suck in the short term not being able to actively realize gains in the process, but it is a great time knowing that you will be able to capitalize on the markets by actively day trading and scalping this momentum. It does increase your risk, but your overnight exposure, being relatively close to zero is one of the best things you can do, versus allocating into a lot of these organizations around the top.
Lots of people are getting greedy in the markets right now expecting to see a continued large movement up in the general markets, but with everything that has gone down, there have been a lot of people who have been able to realize a significant amount of gains in the process, but at the same time, there is going to be a lot of people who will be allocated at the top for a lot of these organizations, that unfortunately will have to realize a significant amount of losses when the organization finally falls from grace. The best example of this, in the short term, is $NVDA. Imagine the person who entered into NVDA in the $460~ range, those people realized some gains, and still have the potential to make more gains in the short term with a position that is moving heavily on good news, solid earnings, and hype, but once that unfortunately starts to slow down, it is not the people that have held $NVDA from $100 to the top that are worried about a 10% decrease from the top, but it is the people that bought at the top, that are down 10% that will be hit the hardest.
So if you have not gotten into the markets and consistently trading in the process, use this time to capitalize on the momentum in the markets, as this momentum is beautiful and is providing us with some very solid opportunities to trade, while people have an extremely difficult time.
Make some smart plays, and just remember that we have a lot of earnings coming up as well as people who are continually looking to adjust their allocations in preparation for either earnings or economic news today.
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 day with the majority of our positions doing extremely well in comparison to the markets. Our fundamental analysis underperformed slightly, but the base algorithm was able to take the allocations and outperform the markets by a slight margin. So overall, for the day I would consider it a small win. Nothing too insane to make the sentiment of our systems become significantly stronger, but I am always happy to see a win from these 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: +0.18%
Our Results:
Market Neutral: +0.31%
Variable Market Neutral: +0.29%
Base Algorithm: +0.26%
Long Term Portfolio: +0.08%
Variable Sector Neutral: -0.0%
Sector Neutral: -0.1%
With these allocations being tight again today, I will have the same recommendation as I did yesterday. Look for the plays with more confidence, and scale into the plays slowly, as we should see these positions do exceptionally strong, assuming that the markets have strength today. I would not go significantly deep unless you understand the risks that are involved, but look to get some exposure in $KHC today, as a day trade, as that is the largest recommendation that the algorithms have for the day. Set a stop in guaranteed profit to limit downside risk, and just be smart in the process of everything.
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 7/25/2023
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 , $MAT , $DIS, $MSFT , $AAPL, $GOOG/L, $V
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 7/25/2023
S&P Case-Shiller Home Price Index - 9 AM ET
Consumer Confidence - 10 AM ET
Notable Earnings for 7/25/2023
Pre-Market Earnings:
Verizon Communications (VZ)
General Motors (GM)
3M Co. (MMM)
Spotify Technology (SPOT)
General Electric (GE)
Raytheon Technologies (RTX)
Sherwin-Williams (SHW)
Albertsons Companies (ACI)
After-Market Earnings:
Microsoft (MSFT)
Alphabet Inc (GOOG/GOOGL)
Snap Inc (SNAP)
Visa Inc (V)
PacWest Bancorp (PACW)
Teledoc Health (TDOC)
Cal-Maine Foods (CALM)
Waste Management (WM)
Texas Instruments (TXN)
Wrap up
This should be a fun and choppy day for the general markets. Use the momentum in the markets to capitalize on the opportunities presented to us. We have a significant amount of earnings and economic news coming up over the next couple of days that will heavily impact the market and market conditions, so be smart in the process of everything and do what you can to increase your profit potential at this time, while decreasing your overall risk. I will be excited to scalp a lot of these large tech plays today, and I hope you all are too!
Good luck trading, and let’s have some fun today!