HaiKhuu Daily Report 9/14/2023
Good morning and happy Thursday!!! Markets are looking beautiful during this pre-market session and I hope you all are feeling great, because this should be an amazing day for the markets! $SPY is up nicely during pre-market, and looks to be continued strength. Watch out for the daily conversion line resistance as $SPY has rejected that level for the previous week and come down. This could be a possible break out from the previous rejection, or could be a tough intraday movement. Please tread lightly and prepare accordingly.
We have triple witching tomorrow, so please make a note of that if you are actively attempting to buy or sell option contracts with a 1-DTE Expiration. I’ll be looking to sell some 0-DTE CSPs tomorrow, and possibly look to play a movement towards max pain.
Watch out for the $ARM IPO today. This is going to be one of the most anticipated IPOs of the year and drive a significant amount of momentum and hype right at open. I personally do not anticipate entering into anything at this moment, and will be watching and waiting around until ARM is live. This will be an extremely fun play, and I recommend you all watch and attempt to trade it right at open. I’ll talk more about my game plan later on in this report, but for now, good luck trading today everyone, and let’s 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: $450.30
$SPY Daily Candles - Above Conversion Resistance [9/14/2023]
Thoughts & Comments from 9/13/2023
Yesterday was an alright day for the markets, but it was a difficult time navigating with relative confidence. There was a significant amount of chop, and no momentum for the large majority of the day.
We started the day off looking relatively neutral, with $SPY opening the day trading at $446.20, up from the previous close of $445.99, we showed strength at open, as organizations moved up right from the rip, and $SPY hovered but was not able to break above $447. Right at 10am EST, the markets shot down, to quickly go red and make the official low of the day trading at $445.08, providing us with a beautiful opportunity to go long, as the markets bottomed out.
The markets moved up and had an extremely quick V shaped recovery from the bottom, continually testing $447 for the large majority of the day afterwards, with no solid momentum or opportunities to actively trade with confidence and consistency.
I know that a lot of our traders grabbed $SPY and equities at the bottom, and enjoyed that beautiful movement back up.
Going into the lunchtime lull, as I said before, did not really do much as $SPY continued to chop around $447 with no decisive movements from 11am EST, all the way until 2:40 as people were preparing for power hour.
At 2:40pm EST, we saw that the markets quickly started to dip as it rejected $447, and went on to come down leading into powerhour, starting black on the day, going red to test the relative low of the day, and recovered slightly into close.
$SPY ended the day trading at $446.51, up $0.52 for the day, or up approximately 0.12%, with an intraday bullish movement of up +0.06%. It was a tough day to actively navigate the markets, but provided us with some great opportunities to trade around open, and around close with relative confidence and a sizable movement. Hopefully, you all did not get caught for the four hours of downtime, that the markets remained relatively stagnant and were profitable trading yesterday.
Let’s see what happens today, but I already know this is going to be a phenomenal time!
Thoughts & Comments for Today, 9/14/2023
This is going to be an extremely fun day for the markets. As I said before, we have the $ARM IPO which is going to be significant. I personally would not advise you to be overly aggressive in these market conditions, but markets are looking extremely strong right now, which is going to provide us with a great opportunity and phenomenal market conditions to actively trade and realize some gains.
As I have been saying before, only continue to add and hold positions that you personally feel extremely confident in, but at the same time, do not be overly bullish or bearish in the markets. It is always good to have some solid holdings in your portfolio, but I would not recommend the addition of tech organizations in the short term while they are at this relative high.
Despite me saying do not look to add into tech organizations, there is a massive tech play that I am extremely interested in today. We have the $ARM IPO that everyone is going to be watching today, that is going to provide us with an amazing opportunity to actively trade and realize some gains in.
Myself personally, I am anticipating allocating the second that the shares open, and continually scalp the position post-IPO hype, and exit the majority of my allocations within the first 5-10 minutes of the stock being live. I plan on getting in the second shares go live, regardless of the active trading price, and assuming that shares continually move up, I will scale out of my position slowly, but in the flip side, if the shares drop heavily, I will 5-10x my allocation size, in the hopes to exit the majority for break even, and hold a position I am comfortable with. I do not anticipate allocating long into the organization at this point, but will be looking to continually scalp the position the second shares go live.
This is one of the few times that I will confidently say that I would highly recommend instead of taking cash as your profits, to take free equity, and take your profits in the form of holding equity.
I would not recommend allocating into $ARM to hold as a long position here at IPO, for safety right now, as there is too much going on in the semi-conductor space, that could negatively impact the performance of $ARM in the short term, but if you are able to get a zero-cost basis position via a free equity trade, there will be a great opportunity to realize some gains and retain exposure while minimizing risk.
For myself personally, if you could not tell at this point, I am looking primarily to trade the $ARM IPO today. I may look to capitalize on other quick day trades and scalps while following the general market momentum throughout the day, but just know that my main focus for the day will be to attempt to capitalize on the $ARM IPO in the short term. When the IPO is live, I will obviously let you all know in real time, and let you know ultimately what my decisions for the day are when that comes around, but just know that at the moment I personally am anticipating to allocate heavily into the IPO, and then capitalize on the hype in the short term to realize gains in the form of a zero cost basis equity position.
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 alright day for our systems. The fundamental analysis outperformed the markets, but our technical analysis lagged in terms of results. I am not upset about this as a result of the performance we saw on Tuesday, but will not lift this hold until we are 100% confident and comfortable with the performance at this period of time.
We are preparing to lift this hold on the 18th, and unless something significant changes before then, anticipate this to be the removal of the hold as well as watch as we launch our new upgraded intraday algorithm.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as follows:
Baseline:
$SPY: +0.06%
Our Results:
Long Term Portfolio: +0.12%
Base Algorithm: -0.19%
Variable Market Neutral: -0.19%
Market Neutral: -0.19%
Variable Sector Neutral: -0.29%
Sector Neutral: -0.32%
As I said before, these positions are on a tentative hold at the moment while we are live testing in these current market conditions. We are going to be lifting the hold soon as long as situationally everything is looking as expected. Just a reminder that these positions are not currently endorsed by HaiKhuu, but we are providing them for complete transparency and consistency sake while we are working on active improvements. If you are taking any of these positions, take them at your own risk and practice safe risk management in the process!
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 9/14/2023
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:
$SPY , *$ARM* , $DIS , $TSLA , $AAPL , $NVDA , $FAZE*
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 9/14/2023
Initial Jobless Claims - 8:30 AM ET
Producer Price Index - 8:30 AM ET
US Retail Sales - 8:30 AM ET
Business Inventories - 10:00 AM ET
Notable Earnings for 9/14/2023
Pre-Market Earnings:
MYT Netherlands Parent B.V (MYTE)
After-Market Earnings:
Adobe Inc (ADBE)
Lennar (LEN)
High Tide (HITI)
RF Industries (RFIL)
Wrap up
Overall, this is going to be an extremely fun and interesting day for the markets. Make sure to watch out for the $ARM IPO, that is going to be the big watch for the day that will provide us with some solid opportunities to realize gains. Please be smart, be careful, and practice risk management, but take advantage of the opportunities when they present themselves.
Good luck trading, and let’s make some BANK on this IPO!