Apr 4, 2017
On Support Leads 10 Algos, 6 Long: Holly Morning Huddle
Written by Katie Gomez
‘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, Tuesday, April 4, 2017, the return from my trading performance since January 1 stands at +28.4 accumulated profit points vs the benchmark SPY’s performance of +11.8 points over the same period. On Monday my performance was higher +.92 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 down -.41. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.5 points.
16 stocks traded yesterday: 10 long and 6 stocks traded short in the following sectors. 7/16 were in the Manufacturing sector.
|RGSE||L||Manufacturing||Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing|
|BGFV||S||Retail Trade||Sporting Goods Stores|
|LXP||S||Real Estate and Rental and Leasing||Lessors of Other Real Estate Property|
|DXCM||L||Health Care and Social Assistance||Medical and Diagnostic Laboratories|
|AON||L||Finance and Insurance||Direct Insurance (except Life, Health, and Medical) Carriers|
|FRAC||S||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|HIIQ||S||Health Care and Social Assistance||Other Outpatient Care Centers|
|FC||L||Educational Services||Professional and Management Development Training|
|VIVE||L||Manufacturing||Navigational, Measuring, Electromedical, and Control Instruments Manufacturing|
|INNL||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|ADPT||L||Health Care and Social Assistance||Specialty (except Psychiatric and Substance Abuse) Hospitals|
|HRG||S||Manufacturing||Small Electrical Appliance Manufacturing|
|BRCD||S||Manufacturing||Computer and Peripheral Equipment Manufacturing|
|AMCN||L||Professional, Scientific, and Technical Services||Other Services Related to Advertising|
|NAKD||L||Manufacturing||All Other Textile Product Mills|
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 6 are Long, bullish in outlook. 4 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:
|1||69.6||Cant Stop It||Long|
|2||53.6||Carpe De Alpha||Long|
|3||65.9||Knocking on Resistance||Short|
|6||66.4||Power Hour Short||Short|
|7||61.8||Putting on the Breaks||Short|
|10||54.8||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.Have a great morning. See you in the markets!
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence