Nov 15, 2016

Holly Morning Huddle Report: “Wait for the 8” Leads 6 Algos 4 Short

Written by Katie Gomez


Good morning.  Here is your Holly Morning Huddle Report.

As of today, Tuesday, November 15, 2016, the return from my trading performance since January 1 stands at +99.6 accumulated profit points vs the benchmark SPY’s performance o+10.4 points over the same period. On Monday my performance was higher +3.2 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 Monday, the SPY was up +0.2. My Risk-On mode, which takes on more risk and extends the holding period for trades until the day’s close, was down -2.3 points. That’s quite the difference in the real-time assessment of how the day’s ideas should be managed within the trading plan parameters.

Today’s a new day and I am prepared for the market open with 6 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 6 strategies selected today 2 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything and anticipating opportunities to the short side in a choppy, volatile market.
The “Wait for the 8” strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Win% Strategy L/S
1 59.1 Headwind Short
2 67.5 Power Hour Short Short
3 60.3 Strong Stock Pulling Back Long
4 65.0 Topping Formation Short
5 71.6 Wait for the 8 Short
6 50.0 Wake Up Call Long

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. You can also follow me on social media at @TradeIdeas.

See you in the markets!

Have a great morning.


Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence