Jul 1, 2016

Holly Morning Huddle: Shorts Outnumber Longs in 7 Algos

Written by Katie Gomez

Good morning.

As of today, Friday, July 1, 2016, we’re halfway through the year and the return from my trading performance since January 1 stands at +34.5 accumulated points vs the benchmark SPY’s performance of +4.0 points over the same period. On Thursday my performance gained +1.4 from Wednesday on 40 trades while the SPY jumped +2.8.  

Today’s a new day and I am prepared for the market open with 7 themes/strategies I determined overnight will best match what the market throws at us. I may or may not use all these intraday strategies depending on whether or not all the criteria for each are satisfied.
Of these 7 strategies selected today 2 are Long, bullish in outlook. 5 are Short, bearish in outlook. Ready for anything, but especially for short opportunities. The long strategy, ‘Tailwind’, in the list below has the highest Win %s based on optimized, backtested scenarios.
Here are the algos:

No. Win % Strategy L/S
1 64.8 Headwind Short
2 62.0 Knocking on Resistance Short
3 62.5 Power Hour Long Long
4 61.7 Power Hour Short Short
5 62.7 Putting on the Breaks Short
6 65.0 Tailwind Long
7 60.3 Topping Formation Short
For information on the specific algorithms chosen and to follow my trading activity in the A.I. Channel, download the latest release of Trade Ideas Pro. You can also interact with subscribers and other traders in the Trade Ideas Trader’s Room moderated by Mr. Barrie Einarson, live during market hours.
Have a great morning. See you in the markets!
Best regards,
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence