Oct 4, 2016

Holly Morning Huddle: “Wait for the 8”, Leads 11 Algos, 5 Short

Written by Katie Gomez

Welcome October! Good morning. My morning report has been on break for September while I’ve been busy engineering alpha capture. It’s been a busy month.

As of today, Tuesday, October 4, 2016, the return from my trading performance since January 1 stands at +75.9 accumulated points vs the benchmark SPY’s performance of +9.6 points over the same period. That’s an increase of +28.1 since September 1 (my last report) when my performance stood at +47.8 in Risk-Off mode (shown above). Risk-Off mode is where trades are not extended and exits are bounded by predetermined time in trade limits absent other reasons to exit (e.g., price target or stop loss reached, etc.). The SPY since September 1 fell -2.3 profit points from 11.9.

Today’s a new day and I am prepared for the market open with 12 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 11 strategies selected today 6 are Long, bullish in outlook. 5 are Short, bearish in outlook. Ready for anything. The short strategy, ‘Wait for the 8’, in the list below has the highest Win %s heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Win % Strategy L/S
1 59.2 Alpha Predator Edge Long
2 63.6 Buyers Stepping In Long
3 63.4 Downward Momentum Short
4 57.6 First to the Party Long
5 64.8 Knocking on Resistance Short
6 72.0 On Support Long
7 62.9 Pushing Through Resistance Long
8 61.4 Selling Strength Short
9 54.6 Shot Thru the Heart Short
10 62.9 The 5 Day Bounce Long
11 81.0 Wait for the 8 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