Trade Ideas Blog

“On Support” Leads 12 Algos, 9 Long: Holly Morning Huddle

Mar 10, 2017

‘On Support’ Strategy Leads the Daily Regime of Optimized Algorithms

Good morning.  On Support, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”


As of today, Friday, March 10, 2017, the return from my trading performance since January 1 stands at +18.0 accumulated profit points vs the benchmark SPY’s performance of +13.3 points over the same period. On Thursday my performance was lower -0.56 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 +0.30. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -3.2 points.

14 stocks traded yesterday: 14 long in the following sectors. 5/14 were in the Manufacturing sector.

Symbol L/S Sector Industry
ATRA L Manufacturing Pharmaceutical and Medicine Manufacturing
TIME L Information Newspaper, Periodical, Book, and Directory Publishers
PRQR L
BITA L Information Data Processing, Hosting, and Related Services
CALM L Agriculture, Forestry, Fishing and Hunting Poultry and Egg Production
CUR L Manufacturing Pharmaceutical and Medicine Manufacturing
SGEN L Manufacturing Pharmaceutical and Medicine Manufacturing
COL L Manufacturing Navigational, Measuring, Electromedical, and Control Instruments Manufacturing
MAC L Real Estate and Rental and Leasing Lessors of Real Estate
ANW L Wholesale Trade Petroleum and Petroleum Products Merchant Wholesalers
SFL L Transportation and Warehousing Deep Sea, Coastal, and Great Lakes Water Transportation
MPLX L Mining, Quarrying, and Oil and Gas Extraction Support Activities for Mining
EBIO L Manufacturing Pharmaceutical and Medicine Manufacturing
VNTV L Administrative and Support and Waste Management and Remediation Services Business Support Services

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 12 strategies selected today 9 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The On Support 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 52 Bouncers Long
2 69 Cant Stop It Long
3 66.7 Count De Monet Long
4 63.8 Float On Long
5 69 Knocking on Resistance Short
6 68.8 Looking for Bounce Long
7 71.1 On Support Long
8 69.7 Power Hour Long Long
9 63.7 Power Hour Short Short
10 61.5 Strong Stock Pulling Back Long
11 61 Topping Formation Short
12 52.6 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