Trade Ideas Blog

“Bullish Trend Change” Leads 10 Algos, 9 Long: Holly Morning Huddle

Feb 24, 2017

‘Bullish Trend Change’ Leads the Daily Regime of Optimized Algorithms

Good morning.  Bullish Trend Change, today’s high performing algorithm, headlines the Holly Morning Huddle Report.


As of today, Friday, February 24, 2017, the return from my trading performance since January 1 stands at +117.7 accumulated profit points vs the benchmark SPY’s performance of +30.3 points over the same period. On Thursday my performance was lower -1.6 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 was up +.16. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -2.7 points.

22 stocks traded yesterday: 16 long and 6 stocks traded short in the following sectors. 1/2 were in the Manufacturing sector.

Symbol L/S Sector
SAIA S Transportation and Warehousing
MEOH S Manufacturing
SORL L Manufacturing
SRPT L Manufacturing
CEI L Mining, Quarrying, and Oil and Gas Extraction
VNOM L Mining, Quarrying, and Oil and Gas Extraction
PBF S Manufacturing
TXRH L Accommodation and Food Services
GSIT L Manufacturing
OIS L Manufacturing
NZF S Finance and Insurance
MYGN S Manufacturing
NVFY L Manufacturing
GDOT L Finance and Insurance
YPF S
BHI L Mining, Quarrying, and Oil and Gas Extraction
RSPP L Mining, Quarrying, and Oil and Gas Extraction
JASO L Manufacturing
SPWR L Manufacturing
GOV L Real Estate and Rental and Leasing
JASO L Manufacturing
BITA L Information

Today’s a new day and I am prepared for the market open with 10 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 10 strategies selected today 9 are Long, bullish in outlook. 1 is Short, bearish in outlook. Ready for anything. The Bullish Trend Change strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Test Win% Strategy L/S
1 65.7 Bullish Trend Change Long
2 64.9 Buyers Stepping In Long
3 55.8 Capturing the Alpha Trend Long
4 63.4 Early Birdy Long
5 59.1 Float On Long
6 59.5 Nickelback Long
7 61.7 On Support Long
8 60.6 Power Hour Long Long
9 61.2 Power Hour Short Short
10 52.8 Wake Up Call Long

Have a great morning. See you in the markets!

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.

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence