HaiKhuu Daily Trading Report

Good morning and happy Monday! Hope you traders enjoyed your weekend and are well-rested and ready for today! Markets are up nicely at the time of writing this report and showing strength. Historically, today, tomorrow, and Wednesday are bullish days for the markets. So be on the lookout as there will be many great opportunities to trade and take advantage of the general market momentum. Please be smart, and be safe, but make the most out of the opportunities while you can.

In terms of economic news and events to look out for, we have CPI on Wednesday Pre-market, Jobless claims this Thursday, and Triple witching on Friday!

The biggest news to look out for this week is that the markets are preparing for the ARM IPO, which is expected on September 13th, we will be trading that extremely heavily and it should provide us with an amazing trade. So be on the look out for that!

If you are attempting to trade this week, do not look to increase risk, but take on extra exposure and trade when you have the confidence to do so. There will be many opportunities this week, so do not force any positions you are not comfortable with, and make sure you have confidence when you decide to enter.

This is going to be an amazing week, so let’s realize some gains and have a great time!

The updated $SPY daily levels are as follows:
Conversion Line Resistance: $448.07
Base Line Support: $443.34
Weak Psychological Resistance: $450
Strong Psychological Support: $440
Daily Cloud Resistance: $450.16

Thoughts & Comments from Last Week

Last week was an interesting time for the general markets. It was a shortened week, and historically the markets typically perform well on those shortened weeks. This was obviously not the case in hindsight.

We started the week off with $SPY opening on Tuesday, trading at $450.73, above the daily cloud resistance, and above psychological support. Markets were looking for a possible bounce opportunity off of the cloud resistance but were matched with some neutral sentiment and general selling throughout the day. We ended Tuesday with some slight bearish momentum, closing the day trading at $449.24, below both technical and psychological support.

Wednesday was a terrible day for the general markets, but snapped back quickly to provide us with some general hope. We opened the day with $SPY trading at $448.40, down from the previous close, and sold off for the large majority of the day. $SPY made an official low of the day trading at $443.81, breaking below both the conversion line and the baseline on the daily charts. This signaled significant weakness in the markets, but was quickly bought back up where we ended the day with $SPY trading at $446.22, up nicely from the relative bottom, but still down from the top.

Thursday was a better day for the markets as we officially saw a bullish TK crossover on the daily chart. There was confidence in the markets and slight bullish momentum going into open. We opened the day with $SPY trading at $443.11, and having an extremely tight low of the day, before bouncing off the daily baseline support, and not breaking above the daily conversion line resistance. We ended the day with $SPY trading at $444.85

Friday was a fun time for the markets though. It was a difficult day to trade, but many opportunities to trade both both directions. We started the day off relatively neutral, with $SPY opening the day trading at $444.93, up slightly from the previous close, and watched as the markets brought on a significant amount of bullish momentum within the first hour of the day. Markets ripped from open, where within the first hour, we made an official high of the day with $SPY trading at $447.11. After the bullish momentum in the markets slowed down though, there was a significant amount of chop that made it extremely difficult to allocate into the markets with confidence in either direction. We watched as $SPY came down going into the lunchtime lull, trading around $446 for the majority of the time, until the back half of the day, where we saw some bearish momentum. I know there were a couple of traders who were able to capitalize on some 0-DTE $445 $SPY puts with us around close and watched as we made approximately 300% while the markets quickly went from trading above $446 to making an official low of day trading at $444.53. $SPY recovered into close, but did not provide us with many great opportunities once the general confidence was lost. We ended the day and the week, with $SPY trading at $445.52, up $0.67 for the day, or approximately 0.15%.

We ended the week with $SPY being down approximately $5 or roughly 1.1%, but we have seen some hope come back into the markets noting that there was a bullish TK crossover on the daily chart. There is significantly more confidence in the markets right now in comparison to the beginning of the month, and we are showing continued strength. Watch out for the daily conversion line resistance over the next couple of days, as we need to realistically break through that level, and cloud resistance before being bullish again. The markets have not been able to break out yet, but this could be an opportunity to ride some bullish momentum in the markets in the short term.

I hope you traders all did phenomenally last week, and let’s see what happens this week. This should be a great time, and I hope you all were able to realize a significant amount of gains. Last week was one of the best weeks I’ve had in a while, so let’s continue to kill it and realize some gains!

Thoughts & Comments for Today, 9/11/2023

This is going to be an interesting day for the markets. During the pre-market session, we have seen a significant amount of bullish momentum that is providing us with a significant amount of confidence going into market open. We have continued to reject the daily conversion line throughout the previous couple of days, and this is concerning me as despite this movement, we still have not been able to break above that resistance level.

For today, be on the lookout for $SPY $448.08. There is an extremely high likelihood that we continue to test around that level specifically until we have a decisive movement in either direction. Please be aware that it will be choppy around that level until a movement ultimately happens. If we break above that conversion line, that will be a great opportunity to go long, with a stop below that support, and if we break down, that will be a great opportunity to short, with a stop above the resistance level.

I ultimately do not know which direction we are going to move in reality, and I cannot lie to you all and say that I do, but I am just saying what I see.

There is going to be a lot of confusion at open, but there is going to be a lot of momentum-based movement in the markets. Look for opportunities to continually trade, but the best move is not to attempt to find the perfect top or bottom, but to simply follow the momentum in the markets, setting tight stops, and continually adjusting those stops to guarantee more profits throughout the day.

It would not surprise me if the large majority of retail traders unfortunately realize losses while attempting to trade this confusion right now, but the most consistent traders will be able to capitalize on the momentum in the markets, with confidence and ease.

Just continue to be smart in these market conditions. I have allocated more to certain organizations that I have confidence in, but I am still personally staying away from allocating to tech. There are many positions that ultimately will do well in the short term, but I am not attempting to allocate long into these highly overpriced tech organizations. The only allocation into those positions I would seriously consider is entering into quick-day trades and attempting to capitalize on extremely quick movements when I have confidence in a short-term reversal.

There is going to be many opportunities to trade this week, Let’s see what the markets have in store for us, and make the most out of the momentum in the markets. I am excited to see what will happen and will be looking to scalp organizations like $TSLA, $AAPL, and $META today when given an opportunity to do so.

If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.

HaiKhuu Proprietary Algorithm Report:

Last week was a tough time for our systems. The majority of the results came directly from an underperformance of our fundamental analysis in the long-term portfolio. it is unfortunate, but is part of general processes. Our algorithm outperformed the fundamental analysis on the portfolio it was built on but underperformed against $SPY. A majority of the losses in the long-term portfolio are a result of allocations in healthcare, utilities, and consumer defense, in larger proportions in comparison to the S&P 500. It is unfortunate and we are not happy with these results, but situationally, it is very understandable why the systems performed in the way that it has.

Despite the previous week being unfortunate from a portfolio standpoint, our backtesting has come back and is conclusive where we have confidence in our systems to continually outperform. We are finishing testing on our newest upgrade to our intraday trading system and will be looking to utilize this actively once we have completed all of our testing. Last week this new system netted roughly a 0.2% return, which is more consistent and profitable than $SPY was in the previous week.

Be on the lookout for this push next week as this is going to be a massive upgrade to the current intra-day algorithm we are utilizing.

To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!

The results of yesterday are as follows:

Baseline:

$SPY: -0.29%

Our Results:

Sector Neutral: -0.17%
Market Neutral: -0.66%
Variable Sector Neutral: -0.68%
Base Algorithm: -0.74%
Variable Market Neutral: -0.78%
Long Term Portfolio: -0.83%

As I said before, these systems are on a tentative hold for the time being. Our technical analysis is outperforming our fundamental analysis with relative strength, but at the same time, I am still not confident enough in these market conditions to lift this hold. We apologize for the hold on the algorithmic allocations, but would continue to prefer to have these positions on hold and they do well, than we lift the hold to only have continued confusion in the markets. We are continuing to provide these alerts in the meantime to show complete transparency of our systems and it’s performance, but this is not an active endorsement from HaiKhuu. Please take these positions at your own risk until this hold is lifted (Expected date 9/18/2023)

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.

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 , $AAPL , $DIS, $META , $TSLA, $MSFT , $NVDA , $FAZE* , $VRA*

Position Opportunities:

Follow the market momentum
Exit positions you are not comfortable holding
Hedge positions you want to hold
Have cash ready to allocate when confident

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $DIS

Economic News for 9/11/2023

NY Fed 1-Yr Inflation Expectations - 11:00 AM ET

Notable Earnings for 9/11/2023

Pre-Market Earnings:

Bowlero Corp. (BOWL)
FuelCell Energy (FCEL)

After-Market Earnings:

Oracle Corp. (ORCL)
Casey’s General Stores (CASY)
Mission Produce (AVO)
Skillsoft Corp. (SKIL)

Wrap up

Overall, this is going to be a fun time for the markets, Please be careful and practice safe risk management, but watch out for the general momentum in the markets. This is going to be extremely confusing as there is strength in the markets during the pre-market session, but will it be sustainable throughout the day? Realize some gains and don’t get greedy, but have a great time in the process and look to take on some extra risk when you are confident in an allocation. This will be a great week to trade, so take advantage of the opportunities when they are presented to you!

Good luck trading, and let’s see what the markets have in store for us this week!

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HaiKhuu Daily Report 9/11/2023