HaiKhuu Daily Trading Report

Good morning and happy Tuesday! Hope you traders are excited for today because this is going to be an extremely interesting time for the markets! $SPY is down slightly at the time of writing this report as we are continually testing the daily conversion line resistance. Please be cautious when attempting to allocate in the markets at this moment, as we are looking significantly weaker than we did this time yesterday. There are clear signs that the markets are respecting the daily conversion line resistance, and as a result, we can continue to see some generalized bearish momentum that will negatively impact the markets.

The $AAPL event is today at 1 PM EST, so look for an opportunity to trade around the event. You should have a phenomenal time in the process. So look to take advantage of the opportunity.

There is a chance that the markets are able to break over the previously mentioned resistance levels on the daily, but I would not advise being overly aggressive in these market conditions. Look for opportunities to trade, but do not overtrade or be overallocated. There is a significant amount of confusion in the general markets that will result in either a sizable bullish, or bearish movement in the markets, and be difficult for many to time out and capitalize on.

Historically, today and tomorrow are bullish days for the markets, but despite the saying “history repeats itself”, look at the markets on a day-by-day, and trade-by-trade basis to capitalize on these conditions. There will be opportunities for everyone to realize some gains, but more opportunities to get burnt. Look for the right opportunities that you have confidence in, and make sure that you are consistent in this marketplace.

Practice safe risk management today, make the most out of the opportunities presented to you, and have a great time!

The updated $SPY daily levels are as follows:
Conversion Line Resistance: $448.21
Base Line Support: $443.34
Weak Psychological Resistance: $450
Strong Psychological Support: $440
Daily Cloud Resistance: $450.17

Thoughts & Comments from 9/11/2023

Yesterday was an interesting time for the markets with a significant amount of confusion and opportunities to trade. We started the day off looking exceptionally strong. $SPY opened the day trading at $448.12, up nicely from the previous close on Friday, at $445.52. We were looking exceptionally strong going into open and looked even stronger within the first couple of minutes of the day. We broke above the daily conversion line resistance, and made an official high of the day with $SPY trading at $448.76, before ultimately coming down. The sell-off was exceptionally quick, as within the first hour of the day, we came down and made a relatively low breaking below $447. $SPY recovered slightly after continual selling, and in reality did not really recover much, as we continued to sell off into the lunchtime lull.

During the lunchtime lull, we did make the official low of the day, with $SPY trading at $446.48, and providing us with a beautiful opportunity to go long for the reversal after lunch.

$SPY did quickly recover as volume was added back into the markets, and we watched as there was some solid bullish momentum in the back half of the day that we could have easily capitalized on. As the markets approached the opening price, momentum and buying started to slow down, as we hovered around $448 for the majority of the back half of the day.

There was not much overall movement in the final two hours of the day, as $SPY continued to hover around $448, but despite this, it was a great overall day for the markets, just difficult if you attempted to allocate when there was no momentum in the markets.

We ended the day with $SPY trading at $448.45, up $2.93 from the previous close, or up approximately 0.66%, with an intraday bullish movement of +0.05%. There were great opportunities to trade in either direction, but it is just a matter of which direction you picked to play, and if you timed your position out correctly.

Let’s see what the markets have in store for us today, as today might be the day that we see a decisive movement in the markets.

Thoughts & Comments for Today, 9/12/2023

Today is going to be a tough day for the markets. With the sentiment going into open, I would advise everyone to be extremely cautious and to tread lightly when attempting to trade right now. We are under the daily conversion line and have consistently rejected it over the previous couple of days. This does not bring much confidence into the markets but is providing us at least with an opportunity to trade. As I have been saying before, I would not advise attempting to fight any trend but simply follow the market momentum. Do not be overly bullish or bearish, and look to continually capitalize on the markets when given an opportunity.

A lot of traders are going to have a difficult time capitalizing on the markets right now, but the most consistent of traders will continue to realize gains with relative ease. Many traders right now are going to attempt to force positions because they feel the need to allocate in the market and have consistent exposure, but this is just a reminder that cash is king. You may not have any upside potential when you are holding cash, but cash at the end of the day, is still a position in itself, and it never hurts having the liquidity to allocate into the markets when you have confidence, versus feeling you need to allocate into the markets because “why not”, and allocating into over-priced tech stocks at these relative highs.

The best way to continue to capitalize on these market conditions is to continually trade and reallocate into the markets when you have confidence in your movement. It is a lot easier to time out short-time movements utilizing technical analysis than be overly convicted on a single larger movement in the markets. I would say with confidence right now, that I can time out the market movement 10x better if you are asking me to see what might happen in a 15-30 minute period, versus gauging how I feel the markets are going to move over the next 15-30 days. Being overly bullish or overly bearish right now will result in you getting burnt trying to fight the markets and the waves we are seeing right now. Over the previous month, $SPY had net an overall return of 0.08% or roughly $0.30 of movement, but at the same time, we have seen a 2.5% movement to the downside and a complete recovery of those losses. If you have been overly bullish or bearish from this time last month and did not realize any gains or losses, you would have been overall net neutral in the process. But, if you were able to follow the momentum in the markets, you would have realized some substantial gains capitalizing on the downside momentum in the markets and realized gains at the bottom, to reallocate, and ride the strength and momentum up, netting you roughly 3-5% in the same time that $SPY has net an overall 0.08%.

Just for now, please make sure you are practicing safe risk management. There is a lot going on in the markets in the short term that is going to make allocating in the markets extremely difficult to do with confidence, and when there is a lack of general confidence in the markets, that means you should take a general step back when allocating, and assure that you are comfortable and confident with your allocation and sizing in the process.

For myself personally, I do not know how much trading I personally anticipate doing. The only position I am overly interested in taking today is an active allocation in $AAPL. The Apple event is going to be happening today and it is expected that they are going to announce the iPhone 15 and move heavily in the process. This should positively impact the markets, but in reality, who knows which direction the markets are going to go in reaction to the announcement. I may look to scalp and trade other positions throughout the day, but the major position I will be consistently watching and attempting to trade today will be $AAPL, specifically around the event.

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 neutral day for the markets, but our fundamental analysis beat out the markets by a sizable margin. We are very happy about that, but despite the fundamental analysis working out perfectly, our technical analysis underperformed by a large margin in comparison to the long-term portfolio. It is unfortunate, but on choppy days like yesterday with no decisive movement, that is expected to see an underperformance.

We are finalizing tests on our newest intraday trading system, and if everything goes as planned, we anticipate launching this new system on MONDAY, 9/18/2023. Be on the look out for this upgrade as this is a massive overhaul of our previous system.

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

The results of yesterday are as follows:

Baseline:

$SPY: +0.05%

Our Results:

Long Term Portfolio: +0.24%
Variable Sector Neutral: -0.18%
Sector Neutral: -0.21%
Base Algorithm: -0.24%
Variable Market Neutral: -0.34%
Market Neutral: -0.36%

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*

*** = $AAPL event today, will be a priority watch

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 9/12/2023

NFIB Optimism Index - 6:00 AM ET
Apple Event - 1:00 PM ET

Notable Earnings for 9/12/2023

Pre-Market Earnings:

Cognyte (CGNT)
Vince Holding Corp. (VNCE)

After-Market Earnings:

Edgio Inc. (EGIO)
Evolution Petroleum Corp (EPM)
Farmer Brothers Company (FARM)
InnovAge Holding Corp. (INNV)

Wrap up

Overall, this will be a fun day for the markets. Watch out for $AAPL as that will drive the market momentum and direction throughout the day. Look to capitalize on the general markets when given an opportunity to do so, and just be smart with your positions. There will be lots of opportunities to trade and realize some gains today so do what you can to maximize your profits and have some fun! Again, watch out for 1 PM EST, as that will be the deciding factor of the market sentiment for the day.

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

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HaiKhuu Daily Report 9/12/2023