HaiKhuu Daily Report 9/25/2023

Good morning and happy Monday! I hope you all enjoyed your weekend and are excited about this week! $SPY is relatively neutral at the time of writing this report, and note that today is going to be a relatively lower volume day as a result of Yom Kippur!

The bearish TK-Cross on the daily chart is starting to become more significant as we have broken below the daily support levels and if we break and hold below $430, will be a sign of fear in the general markets. Please be careful and cautious while attempting to trade as there is a significant fall risk in the markets.

Volatility is up 40% from this time last week, signifying there are going to be many opportunities to trade at this level, but at the same time provide us with many opportunities to get burnt. Both gains and losses will be increased exponentially at this level in the markets, resulting in significantly larger movements in the markets, and consistent chop. It will be difficult to be consistent in these conditions, but as long as you make good positions and practice safe risk management in the process, you will be fine.

Historically, Wednesday is a bullish day for the markets, and Friday is a bearish day for the markets. Watch out for the end of this week too, as there will be a significant amount of institutional portfolio restructuring for the end of the quarter. We will see some selling across the board of a couple of major organizations and a reallocation of capital into what some institutions believe are “undervalued”. It would not surprise me to see selling of general “AI” companies and Semiconductors in the process, and allocating more to safety towards the end of the month.

On a side note, for those who have been watching FaZe Holdings ($FAZE), at the time of writing this report, it is up 63% during the pre-market session. Congratulations to everyone who has been speculating on that organization and watching it with us, there is a significant amount of upside potential with the organization as there is a chance to cause a short squeeze, but please be cautious and be ready to scale out and take profit. I do NOT suggest anyone attempt to FOMO in an attempt to enter now, as you will become exit liquidity for people who have entered at 52-week lows. This is going to be a fun time and I’ll talk later on in the report about my plans on exiting.

Good luck trading today everyone and let’s make some bank trading this week!

The updated $SPY daily levels are as follows:
Conversion Line Resistance: $440.53
Base Line Resistance: $441.83
Strong Psychological Resistance: $440
Weak Psychological Support: $430
Daily Cloud Resistance: $441.70

$SPY 15 Minute Candles 9/18-9/25 [9/25/2023]

Thoughts & Comments from Last Week

Last week was a confusing and bearish time for the markets. We saw a significant amount of bearish momentum throughout the entire week as fear continued to set into the markets as we broke below daily support levels and broke below the daily cloud. $SPY dropped $12.62, or almost 3% over the course of the week, and moved into fear on the fear and greed index.

Monday was not the worst, but it did not provide us with much confidence in the markets. Daily baseline support was at $443.34 and we opened the week with $SPY trading at $443.05. We chopped around the daily baseline support throughout the entire day, moving up, and breaking below support multiple times in the day. We ended the day with $SPY trading at $443.63, slightly above the daily baseline support.

Tuesday was not much better of a day in the markets, as we started the day with $SPY trading at $443.68, down below the previously mentioned daily baseline support, and showed a significant amount of bearish momentum, as we came down to test the $440 psychological support level, and having a V-shaped recovery, ending the day trading at $442.71, having an overall movement for the day being $0.03, despite having a significant bearish and bullish movement. This resulted in us having a gravestone doji on the charts, which hypothetically, is a bullish sign for the markets, but as we were below the daily baseline resistance, did not provide us with enough confidence to capitalize on the movement.

Wednesday was the start of the general bearish market movement. We started the day looking relatively strong at the daily baseline, while the conversion line started to narrow in to start forming a bearish TK cross under. There was an opportunity from open as $SPY opened the day trading at $444.01, above the daily baseline, moved up to make the high of the day, and was followed by a significant amount of bearish momentum during the afternoon session as the Fed’s interest rate announcement came out, and Jerome Powell talking about the state of the economy. We ended the day making a low, trading at $438.64, breaking under the $440 support level, and signaling a significant amount of general bearish momentum.

Thursday was not much better of a day as it was a continuation of the bearish momentum in the markets. $SPY started the day forming a slight gap on the daily, opening the day trading at $435.70 and showing a significant amount of weakness. We quickly made a high of the day at open, trading at $435.97, and were met with a significant amount of bearish momentum afterward. $SPY continued to drop for the entire day, making the low of the day into close, ending the day at $431.39, and officially closing out of the daily cloud with that bearish TK-cross on the daily.

Friday was still another bearish day for the markets but was slightly less bearish than the previous days. We started the day with $SPY opening green, trading at $432.49, up slightly from the previous close of $431.39. We watched as there was a significant amount of strength during the morning as the markets continued to push up, showing us that there were opportunities to trade and allocate with confidence. Going into the lunchtime lull, markets continued to move up, where we made the official high of the day, with $SPY trading at $434.10, up nicely from open, but still down significantly from the high of the week. As people started to come back from lunch though, we started to see that there was a significant amount of selling, which caused us to come down from the high of the day, to continually make new lows going into close. Leading into power hour, $SPY was trading at $431, down $3 from the high of the day, and bounced slightly from the official low of the day. At the start of power hour, right at 3 pm EST, we watched as there was an overwhelming amount of bullish momentum in the markets as $SPY quickly went from testing the lows to making a relatively high trading at $433. This bullish momentum was extremely short-lived as $SPY quickly sold off afterward, and came down into close, breaking below $430 for a brief moment, before ending the day trading at $430.42. $SPY dropped approximately $1 on Friday and was down 0.22% for the day.

It was an extremely difficult week with $SPY dropping approximately $13 overall, or roughly 3%, and us breaking major levels of support. I hope that everyone was able to capitalize on the opportunities while holding cash and hedging all of the positions that they want to hold. It was a lot of fun trading last week with many opportunities to capitalize on a significant amount of realized gains, but was extremely difficult for anyone who simply was buying and holding the entire time.

Let’s see what happens this week, but it should still be an extremely interesting time with news and rebalancing. Let’s make the most out of the opportunities available and make a significant amount of realized gains!

Thoughts & Comments for Today, 9/25/2023

This is going to be an interesting time for the markets. While writing this report, $SPY has broken the $430 weak psychological support level and has only continued to fall. There is going to be a significant amount of bearish momentum going into open, so please be cautious while attempting to trade. I would not attempt to short the markets here, but I would not attempt to allocate long at the same time. There is a very high likelihood of the markets continuing to fall, mostly at these prices, but at the same time, the markets can easily bounce and recover some of the losses that were incurred during the pre-market session. Tread extremely lightly in these market conditions, and do not be overly ambitious while attempting to allocate into the markets. If anything right now, hold cash and prepare to allocate that capital accordingly once the market shows a clear direction of trend and you are able to find direction with confidence.

We can easily continue to come down in the markets though, and if I had to put my money where my mouth is, I would continue to be bearish in the markets until there is a confirmation that we’ve hit a bottom at a psychological support level, and then, only attempt to allocate long into organizations that are far away from the tech sector and are undervalued. I have been talking about these two organizations for a while, but for myself personally, not wanting to allocate heavily to tech, will be looking at consumer staples and entertainment. Both sectors have been hit extremely hard over the previous couple of days, and as a result, we will see opportunities across each sector to allocate with confidence.

The three organizations I am heavily allocated to right now with zero anticipation of exiting anytime soon are $DIS, $MAT, and $DG. Each for their own specific reasons. $DIS has been hit extremely hard over the previous couple of months as a result of a lot of external BS like the writers/actors strike and political BS. This is providing us with an amazing opportunity to allocate here around their 52-week low. $DG is a phenomenal organization that has had a lot of operational issues over the previous couple of months with slippage being a large reason for their weak performance during their earnings. Assuming that slippage goes down and they are able to provide consistency over the course of time, I am confident that they will have a beautiful recovery over time. And the final allocation I have been speculating with is $MAT. Barbie has been the biggest box office film we’ve seen in a while, so I am personally anticipating holding this position over the next 3-6 months to see the positive influx of purchasing of Barbie products specifically during the holiday season, and watching for an opportunity to exit with confidence around or above $MAT’s 52-week high.

All three of these organizations are far away from the tech sector, and as a result, will not provide me with much risk when general tech slipping.

The one play I am extremely excited to watch today is $FAZE. At the time of writing this report, $FAZE is up over 70% and is showing a significant amount of strength in the process. I personally am very allocated to this organization as I felt that we have continued to find a relative bottom, and scaled in accordingly, I plan on exiting that exact same way. I want to scale out of this position accordingly and take 100% of my cost basis out while $FAZE moves today. I plan on exiting my shares slowly as I am a significant shareholder of the organization and assuming volume is not able to sustain my selling, would cause a sell-off if I were to dump all of my shares at market price. I still want general exposure in the organization, but I do anticipate exiting 100% of my cost basis, and holding the remaining shares at a zero cost basis, taking profit on those accordingly when I have the confidence to do so.

Personally, I do not know how much I will be allocating today into the markets, my main priority right now is to exit a large majority of my allocation in $FAZE and take advantage of this movement it has had. I am not feeling the most confident about the general market conditions and as a result, do not want to allocate too heavily and force any positions that ultimately may cause realized losses as a result. I will scalp when given an opportunity to do so, but the majority of the allocations I anticipate making today will come directly from adjusting my position in $FAZE.

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 quite the time for the general markets. There was a significant amount of bearish momentum that negatively impacted the markets, our systems outperformed the markets by a significant amount and our technical analysis is catching up to our fundamental analysis while we are pushing active updates to our systems. For now, just know the algorithm is still on a tentative hold, and the only position we recommend you allocate to right now would be via the long-term portfolio. Take this into account while attempting to trade and please be careful if you are looking to watch any of these allocations.

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

The results of last week are as follows:

Baseline:

• $SPY: -2.51%

Our Results:

• Sector Neutral: +0.72%

• Variable Sector Neutral: -0.38%

• Market Neutral: -1.18%

• Variable Market Neutral: -1.45%

• Long Term Portfolio: -1.63%

• Base Algorithm: -1.8%

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 9/25/2023

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 , $FAZE* , $ARM , $NVDA , $AAPL , $TSLA, $DIS

Position Opportunities:

• Follow the market momentum

• Limit your downside risk

• Hold cash & prepare to allocate into the markets

LONG OPPORTUNITIES:

• Long-Term Dividend - $GAIN / $JEPI

• Long-Term Investment - $DIS

Economic News for 9/25/2023

• No Economic News is Scheduled

Notable Earnings for 9/25/2023

Pre-Market Earnings:

• XIAO-I Corp (AIXI)

After-Market Earnings:

• THOR Industries (THO)

• Puyi Inc (PUYI)

Wrap up

Overall, this should be a fun time for the markets, I would be extremely cautious in these market conditions but do what you can to maximize your profit potential at this time. Be careful, be cautious, and practice safe risk management. The next couple of days will be extremely confusing, so take advantage of the opportunities that are available, but tread extremely lightly. Watch out for rebalancing and have a great time realizing some gains in the process!

Good luck trading, and good luck trading this week, as this should be an interesting time.