HaiKhuu Daily Report 7/27/2023
Good morning and happy Thursday! Markets are looking exceptionally strong at the moment with $SPY trading above the 52-week high at the time of writing this report, and it looks like we are about to have an amazing time in the markets. Please be careful as a result of this movement up, but look to continually capitalize on the opportunities that are presented. $META had an exceptionally strong earnings call, resulting in them pushing up approximately 9%. This is going to be an amazing day for the general markets with a significant amount of strength and momentum. Prepare for a new 52-week high for the markets, and make the most out of this opportunity.
Markets are looking strong, there is a lot of potential for us to continue to move up, as well as a lot of potential for us to sell off. So tread lightly in these market conditions, but be confident in your ability to navigate these market conditions. Just know that historically, today is a bearish day for the markets, but with this significant movement up, I really do not believe this is the case, but it would not surprise me in the case we do come down significantly. Just please be safe and careful in these market conditions.
We should have a lot of fun trading today, so do what you can to maximize your profitability while decreasing your risk!
DO NOT FORGET, We are hosting Tom Sosnoff, the Founder of Tastytrade & Think or Swim on the discord later today for a general demonstration of the brokerage tastytrade, and a general Q&A afterward. This should be an amazing time and we highly recommend you sign up for tastytrade and RSVP to the event! It is absolutely free and will be an amazing time!
Good luck trading today and let’s make some bank!
Thoughts & Comments from 7/26/2023
Yesterday was an absolutely wild day for the general markets with a significant amount of movement that could have been capitalized on with relative ease, but it was extremely difficult in the grand scheme of things.
We started the day down slightly from the previous close, opening officially at $454.49, while the markets were looking relatively weak after $MSFT’s earnings, but watched as $MSFT moved up during the pre-market session on the news. We quickly moved up from open but slowed down significantly going into the lunchtime lull, where we continually bounced around the $454 level. As people started to go away for lunch and we watched as momentum slow down, we did come back up, testing $455, but ultimately rejected as volume started to come back into the markets, where we went on to continually test that $454 level on $SPY. This was a level that $SPY continually bounced off of yesterday, and provided us with opportunities to trade with confidence.
As everyone knows, everyone was waiting on the FOMC’s decision on the interest rate yesterday, where they confirmed they are increasing rates by 25 bps, and we watched as there was slight bullish momentum on that news, and once Jerome Powell started to speak, watched as there was a significant amount of bullish momentum in the markets that provided us with many great opportunities to day trade and scalp.
While Jerome Powell was speaking, we did hit an official high of the day, and a new 52-week high for $SPY, at $456.98, up nicely from the open price. But after hitting the official 52-week high, we watched as the market momentum started to shift, and the selling started to come back. We shot down extremely quickly to hit the official low of the day trading at $453.38 and had an extremely large movement in a very short timeframe.
After making the official low of the day, markets were in an alright place, where it was unfortunate that we’ve fallen from the top, but were still in a great spot overall. Going into close, during power hour we did watch as there was a significant amount of bullish momentum in the markets, resulting in us officially going green for the day by the close. We ended the day with $SPY trading at $455.51, up $0.07 for the day, or up approximately 0.015%, with an intraday bullish movement of +0.23%. It was a crazy day for the markets that did have many opportunities to trade and realize some gains, but it was extremely difficult navigating the markets in real-time without the proper guidance. I hope that you all were able to capitalize on the opportunities that we made available for you yesterday as I was able to predict the movement in the markets with confidence, it was just a matter of how you were able to navigate everything. If you were able to hit everything with confidence, you should have been able to realize a significant amount of gains with ease.
Great job to anyone who was able to realize a significant amount of gains while trading yesterday, and let’s see what happens today for the markets. This should be a great time and I hope you all are excited!
Thoughts & Comments for Today, 7/27/2023
Today as I said before, is going to be a fun day for the markets. With the way the markets are moving right now, we will most likely open at a new 52-week high providing us with lots of realized and unrealized gains. I hope this momentum in the markets has treated you all extremely well and that you’ve enjoyed this process.
Continue to ride the momentum in the markets and do not fight any of these trends. Be smart despite the markets looking exceptionally overvalued at this point. As much as the markets need to come down, today seems like the kind of day that ultimately can continue to trend up and make things extremely difficult for any trader who is bearish. If you find an opportunity to scalp to the downside and have a solid justification for your allocation, ride the quick play, but I think if anyone is overly bearish today, there are going to be a lot of problems that will result in significant realized losses in the process of everything.
A couple of organizations you can look into playing today, are $META, $AAPL, and $MSFT. There are other organizations you could play like $NVDA and $TSLA, but I believe that those two organizations are extremely volatile and will be able to trade with confidence, without taking on a significant amount of risk. With organizations like $META, $AAPL, and $MSFT to actively day trade, you will be able to enter into positions with relative confidence, without taking on too much risk, as you can easily set stops under major support levels, and not be impacted as much by chop and market makers hunting stops. I would say in terms of risk and reward, $AAPL is the safest where it will move the slowest but has the lowest likelihood of stopping you out for a possible loss, $MSFT increases that risk, but provides an adequate reward for the capital utilization, and the riskiest play, mostly after the earnings they had was $META. They have the potential to move the heaviest in either direction, and can stop you out with relative ease for a loss, but will move the hardest, where if you allocate into $META vs $AAPL, you will make exponentially more with $META, but take on a significant amount of risk as a result.
I personally am not going to be looking to actively allocate heavily into the markets at this moment, mostly with the momentum in the markets continuing to look strong, but I will be continually looking for opportunities to day trade throughout the day. I am going to stay away from $META as it is too risky for my preference in the markets, but I will be looking more towards playing organizations like $MSFT and $AAPL today for consistency's sake. I do not anticipate entering into any bearish day trades unless the markets show a major sign of reversal, and even when that happens, I will not have confidence in the play, where I realistically would want to see us break daily support and show major signs of reversal in the markets before I add heavily to my bearish plays. I may get into quick scalps in the case that we have some crazy movement up that is unjustified extremely quickly, but other than that the majority of the day trades today, if not all of them, will be specifically to allocate and capitalize on the bullish momentum in the markets 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 a tough day for our technical analysis. Our fundamental analysis did well and outperformed the markets by a slight margin, but our technical analysis underperformed against $SPY. Both systems were still profitable so it was nothing of any major concern, but it just sucks that our technical analysis underperformed slightly. We should get the weekly review here in a couple of days though, and all of the results will be averaged out, and at the rate we are going, the base algorithm should continue to outperform the markets by a significant margin!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.23%
Our Results:
Long Term Portfolio +0.29%
Variable Sector Neutral +0.14%
Market Neutral +0.14%
Variable Market Neutral +0.07%
Base Algorithm +0.05%
Sector Neutral-0.25%
With today being an extremely strong day for the markets, look more towards allocating into the higher beta allocations we are recommending. Those positions out outperform in comparison to $SPY, providing you with the most opportunity to realize some gains while trading. Today is not a day to be greedy though, so after you get a position, just make sure to practice safe risk management and limit your downside risk potential by setting stops and continually increasing that limit throughout the day to maximize your profits while being in a zero risk play!
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 7/27/2023
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 , $META, $GOOGL, $TSLA, $RIVN, $MAT, $DIS, $TGT, $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 7/27/2023
Initial Jobless Claims - 8:30 AM ET
Durable Goods - 8:30 AM ET
GDP (Advanced Report) - 8:30 AM ET
Advanced U.S. Trade Balance - 8:30 AM ET
Advanced Retail Inventories - 8:30 AM ET
Advanced Wholesale Inventories - 8:30 AM ET
Pending Home Sales - 10 AM ET
Notable Earnings for 7/27/2023
Pre-Market Earnings:
Royal Caribbean Cruises (RCL)
McDonald’s Corp (MCD)
Southwest Airlines (LUV)
Mastercard (MA)
Crocs (CROX)
Valero Energy Corp (VLO)
AbbVie (ABBV)
Bristol-Myers Squibb (BMY)
Northrop Grumman (NOC)
Hershey Co. (HSY)
After-Market Earnings:
Enphase Energy (ENPH)
Ford Motor Company (F)
Intel Corp (INTC)
Roku Inc (ROKU)
First Solar (FSLR)
T-Mobile USA (TMUS)
Mondelez (MDLZ)
Boston Beer Company (SAM)
Wrap up
Overall, this is going to be an extremely fun day for the general markets where we should be continually hitting new 52-week highs in the markets. Let’s see what happens and watch to realize a significant amount of gains while in the process of trading today! Make sure to practice safe risk management and do not get greedy with any opportunity that is presented to you in these market conditions.
Good luck trading, and let’s have some fun today!