HaiKhuu Daily Trading Report

Good morning and happy Wednesday! Hope you all are having a phenomenal morning and are ready for today!

$SPY is down slightly at the time of writing this report, and we have CPI coming out during the pre-market session at 8:30 a.m. EST, which will highly dictate the movement and momentum of the markets today.

Please be careful and cautious as I have previously warned, and prepare accordingly for these market conditions. $SPY has rejected the daily conversion line resistance and shows signs that we can easily test the daily baseline support. CPI will be the catalyst to see if we test daily resistance, or daily support today. So please be cautious in these current market conditions. Do not be overly bullish or bearish. Tread lightly, make confident positions, and follow the momentum. A lot of people are going to have an extremely difficult time being consistent today.

Note that today historically is a bullish day for the markets, but despite this, also know that Monday and Tuesday were historically bullish, and both of those days ended up red.

Make some good decisions and allocate accordingly, as this is going to be another interesting time for the general markets.

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: $450.55

Thoughts & Comments from 9/12/2023

Yesterday was an interesting time for the general markets as a result of $AAPL momentum mostly revolving around their Wonderlust event.

$SPY started the day looking relatively weak, opening the day trading at $446.95, down from the previous close of $448.45. There was some slight bullish momentum from open, but was quickly brought down as a result of $AAPL selling off for the large majority of the morning. $AAPL dropped approximately 2% from open going into lunch, providing us with a significant amount of bearish momentum in the markets, causing $SPY to drop about $1.50 from the top going into lunch.

Unsurprisingly, the lack of buying going into lunch and active selling during the low volume, resulted in the markets making a relative low on the day with $SPY trading right above $446. After the lunchtime lull, we did see some solid bullish momentum in the markets as people started to purchase $AAPL leading into the event. Buying occurred, and $SPY continued to rip and rally into the back half of the day, where we made the official high of the day trading at $448.50, despite $AAPL only recovering approximately $1.50 at that time.

The market momentum was looking strong as the Apple event was live, but despite this, once the hype of the Apple event started to slow down, we watched as $AAPL continued to sink, causing the markets to continue to come down and go on to make an official low of the day during power hour.

Power hour was very uneventful with slight selling followed by slight buying, not really generating too much income, but creating a difficult time navigating the markets. We watched as $SPY made an official low of the day trading at $445.39, and $AAPL made its low of the day trading at $174.82.

$SPY did recover slightly into close, ending the day trading at $445.99, down $2.46 for the day, or down approximately 0.55%, with an intraday bearish movement of -0.22%.

It was a difficult time navigating the markets and even more difficult capitalizing on the movement with consistency. I hope that you all were able to capitalize on the opportunities that were presented to us, and followed our allocations in $AAPL. I’m very proud we called the momentum of $AAPL during the pre-market session and hit our allocations to a T!

Let’s see what the markets have in store for us today with CPI, but it should be a great time.

Thoughts & Comments for Today, 9/13/2023

Today is going to be a fun day for the general markets that will provide us with many great opportunities to actively trade and realize some gains in the short term. I personally am expecting to see a significant movement during the pre-market session that is a result of CPI coming out. Just note that all of this report was written before CPI was released, so take this with a grain of salt.

I personally believe that CPI is going to come back cooler, resulting in the markets having solid momentum, and providing us with a phenomenal opportunity to trade and realize a significant amount of gains. This obviously is 100% speculation, and your prediction on CPI is as valid as mine. I truly do not know what is about to happen, but in reality, I do believe that CPI is going to be lower than forecasted and provide us with a beautiful trading opportunity today.

Despite what CPI comes back as, look at the momentum in the market during the pre-market session to really determine how you personally feel about these market conditions, and look for trades that follow your sentiment in these market conditions.

I would not attempt to fight any trends today, nor attempt to call out any tops of bottoms unless there is a confirmation of a reversal. If you follow the momentum in the markets and allocate into higher-beta equities, you should be able to generate a return significantly higher than $SPY.

If you are looking for an organization to go long into today, look out for $AAPL. There is a lot of potential in the markets right now for $AAPL to move up, and assuming market conditions are relatively stronger, this will be a great organization to buy and hold throughout the day for a trade, as there will be some solid upside opportunity.

If the markets are looking weak, I would look to play organizations like $TSLA and $NVDA today. Both are fundamentally overvalued and as a result of their higher beta in comparison to $SPY, will fall exponentially harder.

Wait until the news comes out during the pre-market session prior to deciding on which direction you want to take in the markets, and do not fight the momentum in the markets as it will be extremely difficult to do with confidence, and will most likely result in significant losses to be incurred as a result.

I do not know how I am going to allocate to the markets today. With the sentiment going into CPI during the pre-market session, I do anticipate going long, but it all comes down to how market momentum is perceived prior to open. If everything is looking strong, I will look to actively trade $AAPL throughout the day via active day trades & scalps, and if the markets look exceptionally weak, I will not attempt to short, but wait until there is a sign of reversal at the relative bottom, possibly during the lunchtime lull, and anticipate going long then. Be on the lookout for my active positions today, as they will come sporadically throughout the day depending on the active sentiment in the markets.

As always, please practice safe risk management and limit your downside risk in the markets. Take advantage of the opportunities that are available to us and realize some gains throughout the day!

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 amazing day for our algorithm and systems. Our fundamental analysis outperformed the markets by a significant margin, and the technical analysis on the portfolio proved to do extremely well, outperforming the fundamental analysis by a significant amount. Our systems are at the back end of our testing and are anticipating lifting our hold on these allocations on 9/18/2023, assuming that our live tests continue to perform as expected. We are very excited to be lifting this hold on the base algorithm, and very excited for the launch of our new upgraded intraday trading system too. Be on the lookout for next week as we are preparing for multiple launches on Monday!

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

The results of yesterday are as follows:

Baseline:

$SPY: -0.22%

Our Results:

Market Neutral: +0.53%
Variable Market Neutral: +0.47%
Base Algorithm: +0.41%
Variable Sector Neutral: +0.28%
Sector Neutral: +0.16%
Long Term Portfolio: +0.1%

As I said before, our systems are on a tentative hold as a result of the conflicting market conditions and our systems not performing up to our expectations. We performed extraordinarily well yesterday, and are happy that our systems worked as expected. We will be retaining this hold for another couple of days for safety, so if you decide to take any of these allocations, know that we are not currently endorsing any of these positions, but are providing them for complete transparency and consistency sake. Take these positions at your own risk.

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

*= Speculative 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 in the markets

LONG OPPORTUNITIES:

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

Economic News for 9/13/2023

Consumer Price Index - 8:30 AM ET

Notable Earnings for 9/13/2023

Pre-Market Earnings:

Cracker Barrel Old Country (CBRL)
REV Group (REVG)
SelectQuote (SLQT)

After-Market Earnings:

MIND Technology (MIND)
Ocean Power Technology (OPPT)

Wrap up

Overall, this is going to be a fun day for the markets. Be on the look out for the pre-market momentum as a result of CPI coming out during the pre-market session. We should see a significant amount of momentum come out to dictate the direction of the markets today. Do not fight any trends. Simply follow the momentum, practice safe risk management, and capitalize on the opportunities that will be consistently presented to us today! There will be many great trading opportunities today, so realize some gains and have a great time!

Good luck trading, and let’s make the most out of today!

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HaiKhuu Daily Report 9/13/2023