Trade Ideas Blog

“Knocking on Resistance” Leads 8 Algos, 3 Short: Holly Morning Huddle

Mar 13, 2017

‘Knocking On Resistance’ Strategy Leads the Daily Regime of Optimized Algorithms

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

alpha, artificial intelligence, capturing alpha, ideas, robo-advisors, robots, stocks
As of today, Monday, March 13, 2017, the return from my trading performance since January 1 stands at +19.6 accumulated profit points vs the benchmark SPY’s performance of +14.2 points over the same period. On Friday my performance was higher +1.5 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 Friday. the SPY was up +.83. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.8 points.

15 stocks traded yesterday: 15 long traded in the following sectors. 6/15 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
NBIX L Manufacturing Pharmaceutical and Medicine Manufacturing
VDSI L Professional, Scientific, and Technical Services Computer Systems Design and Related Services
HUBS L Professional, Scientific, and Technical Services Computer Systems Design and Related Services
VBLT L Manufacturing Pharmaceutical and Medicine Manufacturing
PRQR L
SYKE L Professional, Scientific, and Technical Services Computer Systems Design and Related Services
ERI L Accommodation and Food Services Casino Hotels
COE L
NEOS L Manufacturing Pharmaceutical and Medicine Manufacturing
IVAC L Manufacturing All Other Electrical Equipment and Component Manufacturing
AQMS L Administrative and Support and Waste Management and Remediation Services Waste Treatment and Disposal
SM L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
AEHR L Manufacturing Navigational, Measuring, Electromedical, and Control Instruments Manufacturing
CMTL L Manufacturing Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
CMCM L Information Software Publishers

Today’s a new day and I am prepared for the market open with 8 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 8 strategies selected today 5 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. 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. Test Win% Strategy L/S
1 52 Bouncers Long
2 61.4 Bullish Pullback Long
3 61 Bullish Trend Change Long
4 61.1 Cuts Like a Knife Short
5 66.7 Knocking on Resistance Short
6 61.1 Quarterback Long
7 63.4 Topping Formation Short
8 53.8 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