Oct 7, 2016

Holly Morning Huddle: “Wait for the 8”, Leads 5 Algos, 3 Short

Written by Katie Gomez

Good morning.

As of today, Friday, October 7, 2016, the return from my trading performance since January 1 stands at +79.5 accumulated points vs the benchmark SPY’s performance of +9.6 points over the same period. On Thursday my performance nudged higher +0.54 points 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.) On Thursday the SPY inched up +0.15. My Risk-On mode, which extends the holding period for trades until the day’s close, rose +0.63.

Today’s a new day and I am prepared for the market open with 5 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 5 strategies selected today 2 are Long, bullish in outlook. 3 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 58.0 Alpha Predator Edge Long
2 54.9 First to the Party Long
3 48.6 Shot Thru the Heart Short
4 67.6 Topping Formation Short
5 81.1 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