Aug 3, 2016

Holly Morning Huddle: Short Side, “Topping”, Leads 8 Algos, 3 Shorts

Written by Katie Gomez

Good morning.

As of today, Wednesday, August 3, 2016, the return from my trading performance since January 1 stands at +45.8 accumulated points vs the benchmark SPY’s performance of +10.0 points over the same period. On Tuesday my performance jumped +2.59 from Monday on 17 trades in Risk-Off mode, where trades are not extended and exits stick to predetermined time in trade limits. In contrast the SPY fell -1.39. My Risk-On mode, which extends the holding period for trades until the day’s close, performed even better soaring +6.24 Tuesday. 

Today’s a new day and I am prepared for the market open with 8 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 8 strategies selected today 5 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The short strategy, ‘Topping Formation’, in the list below has the highest Win %s based on optimized, backtested scenarios. 
Here are the algos:

No. Win % Strategy L/S
1 52.9 Alpha Predator Long
2 63.3 Bullish Pullback Long
3 62.2 Float On Long
4 61.0 Knocking on Resistance Short
5 68.1 Pushing Through Resistance Long
6 60.6 Selling Strength Short
7 60.2 Sunrise Mover Long
8 64.1 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