HaiKhuu Daily Report 9/15/2023
Good morning and happy Friday! Hope you traders are loving these market conditions because they are absolutely AMAZING. $SPY is down slightly at the time of writing this report, but we are still looking exceptionally strong. $SPY broke above daily resistance yesterday for a little bit, and we are testing that resistance again during this pre-market session, it looks like there is an extremely high probability that we break out and move up again. Just note that today is a triple witching, and max pain is $452, so there is a high likelihood of the markets moving up around that level today.
As always, do not be overly bullish or bearish in these market conditions, but look for strong opportunities to actively trade and realize some gains. There are going to be many phenomenal trades that will be presented to us, so take advantage of them, and let’s make some bank today!
Congratulations to anyone and everyone who grabbed $ARM with us yesterday. $ARM is up 30% from booked IPO price, and up 20% from our initial entry right at open. That was an extremely fun and profitable play in which you could have made a significant amount of realized gains.
Let’s end this week off strong and have some fun
The updated $SPY daily levels are as follows:
Conversion Line Support: $446.91
Base Line Support: $443.34
Weak Psychological Resistance: $450
Strong Psychological Support: $440
Daily Cloud Resistance: $449.90
$ARM IPO 1 Minute Chart - 9/14/2023
Thoughts & Comments from 9/14/2023
Yesterday was quite the day for the markets with many amazing opportunities to trade and realize some gains. $SPY was bullish and we broke above many major resistance levels, but the significant move for the day was the $ARM IPO.
We started the day off looking strong as $SPY opened up nicely green, trading at $449.03, up from the previous close of $446.51. From the get-go, the markets continued to trend down as people were consistently selling to prepare for the $ARM IPO, where right at 10:20 am EST, exactly when the $ARM IPO was supposed to go live, $SPY made the official low of the day trading at $447.72. The IPO was delayed, and as a result, we watched as organizations like $NVDA and $AMD quickly recovered in the process.
The $ARM IPO was delayed for almost two hours but went it went live, it provided us with what was an absolutely amazing trading opportunity. $ARM went live at 12:08 am EST, trading around $56 a share, up from the book price of $51, and showed a significant amount of strength right out of the gate. There was a short five-minute lull, which provided everyone with an amazing opportunity to buy and hold shares under $56, before rallying for almost 15 minutes straight making a relative high trading at $62. Once the momentum slowed down with $ARM, people started to sell their positions and started to reallocate everything back to other organizations.
Markets continued to trickle up for the rest of the day, with $SPY breaking above $450 with relative strength after the lunchtime lull and continued to respect that level into close.
Going into power hour, it was an interesting time for the markets. $ARM made a relative low trading around $58 a share again, providing us with an amazing opportunity to get in, and started to rip and rally into close. $SPY moved up slightly, making the official high of the day trading at $451.07, but $ARM continued to push and rally through the market conditions and made its official high into close, trading at $64.28. It was a beautiful way to end the day, as $SPY closed officially trading at $450.36, up $3.85 for the day, or up approximately 0.30% intraday.
It was a beautiful day for the markets, with many amazing opportunities to actively trade and realize some gains. I hope you all were able to capitalize on the opportunities yesterday and realized a significant amount of gains in the process. It has been a couple of weeks since we’ve found a fun IPO to play, but are extremely happy that we have killed it not only with $ARM but with other great IPOs like $VFS and many others in the past with the community. Let’s keep making some phenomenal plays, and I will let you all know again the next time we see an IPO like that again!
Thoughts & Comments for Today, 9/15/2023
This is going to be another interesting way to end the week. At the time of writing this report, $SPY is down, back in the daily cloud, under psychological resistance levels, but max pain is bullish today, marking $452. It is a triple witching, so I am expecting to see significantly more volume and momentum in the markets. This is going to be an extremely choppy time in the markets that will be difficult to navigate with confidence.
With this said, there are going to be many opportunities to trade and even more opportunities to get burnt in the process. I would highly recommend being extremely cautious in these market conditions, but let your guard down, and take on a little more risk to attempt to capitalize on the opportunities available.
If you are trying to gamble in the markets, this would not be a bad time to attempt to grab some 0-DTE calls on $SPY, at what you believe is the “bottom” and attempt to make a max pain play. This is obviously extremely risky, and if it goes wrong, will net you a 100% loss, so be careful and cautious in the process. Limit your general exposure to your risk tolerance, but know that if you time your position out perfectly, and we are able to reach max pain, you will be able to generate a significant amount of realized gains when the ATM call is now $3 ITM. This is obviously not a recommendation but is an opportunity for people who like taking on a lot of risk.
Outside of those “degen gamblers,” the best way to capitalize on these current market conditions is via active day trading and scalping throughout the day at levels of support that you are comfortable entering.
For myself personally, I do not anticipate entering into too much today, but I will be looking out for opportunities to take on a little bit more risk with some 0-DTE calls and will be looking to continually scalp equities in the process. I am back towards my price on $DIS and will be looking to exit some of that position for liquidity's sake. I am happy that we were able to grab a significant amount of $DIS towards their 52-week low, and will take profit on some, and hold the rest as a continued long-term investment.
I may attempt to play $ARM again today if there is some solid momentum around open, but outside of this, I personally believe I am done trading $ARM in the short term until the markets find what its “fair value” is and is trading at a consistent level. I still do believe that $ARM is a phenomenal organization to hold over time, but it is just a matter of does the market feels that it is overpriced here above $60, and where will it go in the short term. We might be missing out on an opportunity not entering here as $ARM moves up 100-200%, or we might be happy knowing that we did not allocate as $ARM drops 20% over the next couple of days. That is just some of the fun in the markets, and this is going to be one of those many times I do not plan on taking risks to find out what happens next.
Please as always, just continue to practice safe risk management at these levels, we have consistently rejected the resistance on the $SPY daily, so we can continue to come down, but look for opportunities to play towards the upside. Allocate when you have confidence in the markets and make some smart decisions when attempting to play 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 another amazing day for our fundamental analysis. It outperformed the general markets and proved extremely consistent throughout the entire day. I am very happy about this but not happy as a result of the technical analysis underperforming during the final days of our live tests. We still anticipate lifting the hold soon, but this does not provide us with extra confidence. I personally may increase the hold time, just for general safety, but I will let you all know in real-time on Monday in regards to the situation.
Our intraday trading system is still profitable and is providing us with consistent returns though, so we still are preparing for a launch on MONDAY 9/18/2023. This will be a massive upgrade to the previous alert system and hope you all are excited about this!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as follows:
Baseline:
$SPY: +0.30%
Our Results:
Long Term Portfolio: +0.41%
Variable Sector Neutral: +0.20%
Sector Neutral: +0.09%
Base Algorithm: -0.01%
Variable Market Neutral: -0.08%
Market Neutral: -0.15%
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 9/15/2023
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 , $DIS , $ARM , $NVDA , $TSLA, $AAPL , $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 9/15/2023
US Import Prices - 8:30 AM ET
Empire State Manufacturing Survey - 8:30 AM ET
Industrial Production - 9:15 AM ET
Consumer Sentiment - 10:00 AM ET
Notable Earnings for 9/15/2023
Pre-Market Earnings:
QuantaSing Group (QSG)
Hywin Holdings (HYW)
Wrap up
Overall, this is going to be a fun time for the markets, watch out for the previously mentioned resistance levels and watch for a breakout. As always, follow the momentum in the markets and realize gains when given an opportunity to do so. Don’t be greedy, make some smart decisions, and practice safe risk management. There will be many trading opportunities today, so have fun and realize some gains!
Good luck trading today and I hope you all have an amazing weekend!