Trade Ideas Blog
“Power Hour Short” Leads 9 Algos, 3 Short: Holly Morning Huddle
Mar 27, 2017
‘Power Hour Short’ Strategy Leads the Daily Regime of Optimized Algorithms
Good morning. Power Hour Short, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Monday, March 27, 2017, the return from my trading performance since January 1 stands at +24.3 accumulated profit points vs the benchmark SPY’s performance of +10.3 points over the same period. On Friday, my performance was higher +.43 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 down -.17. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.7 points.
19 stocks traded yesterday: 17 long and 2 stocks traded short in the following sectors. 8/19 were in the Manufacturing sector.
|PQ||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|LTRX||L||Manufacturing||Other Communications Equipment Manufacturing|
|AQMS||L||Administrative and Support and Waste Management and Remediation Services||Waste Treatment and Disposal|
|BITA||L||Information||Data Processing, Hosting, and Related Services|
|QEP||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|MIME||L||Professional, Scientific, and Technical Services||Computer Systems Design and Related Services|
|SNAK||L||Manufacturing||Snack Food Manufacturing|
|CNAT||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|UPLD||L||Wholesale Trade||Computer and Computer Peripheral Equipment and Software Merchant Wholesalers|
|TILE||L||Manufacturing||Carpet and Rug Mills|
|MAGS||L||Manufacturing||Other Communications Equipment Manufacturing|
|NBIX||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|AAL||S||Transportation and Warehousing||Scheduled Air Transportation|
|FNBC||L||Finance and Insurance||Commercial Banking|
|KBH||S||Construction||Residential Building Construction|
|TSS||L||Finance and Insurance||Financial Transactions Processing, Reserve, and Clearinghouse Activities|
|RES||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
Today’s a new day and I am prepared for the market open with 9 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 9 strategies selected today 6 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The Power Hour Short strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|1||63.5||Cant Stop It||Long|
|2||62.5||Got Dough Wants To Go||Long|
|3||60.5||Knocking on Resistance||Short|
|5||67.7||Power Hour Short||Short|
|7||61||The 5 Day Bounce||Long|
|9||54.4||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.
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence