Trade Ideas Blog

“Looking For Bounce” Leads 8 Algos, 6 Long: Holly Morning Huddle

Apr 5, 2017

‘Looking For Bounce’ Strategy Leads the Daily Regime of Optimized Algorithms

Good morning.  Looking For Bounce, today’s high performing algorithm, headlines the Holly Morning Huddle Report.


As of today, Wednesday, April 5, 2017, the return from my trading performance since January 1 stands at +28.6 accumulated profit points vs the benchmark SPY’s performance of +12.0 points over the same period. On Tuesday my performance was higher +.24 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 Tuesday. the SPY was up +.15. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.2 points.

16 stocks traded yesterday: 15 long and 1 stock traded short in the following sectors. 7/16 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
CHFC S Finance and Insurance Commercial Banking
CARB L Information Software Publishers
FRSH L Accommodation and Food Services
KMT L Manufacturing Metalworking Machinery Manufacturing
RXII L Manufacturing Pharmaceutical and Medicine Manufacturing
OAKS L Real Estate and Rental and Leasing Lessors of Residential Buildings and Dwellings
EYES L Manufacturing Medical Equipment and Supplies Manufacturing
WPPGY L Professional, Scientific, and Technical Services Advertising Agencies
BVXV L
STLD L Manufacturing Iron and Steel Mills and Ferroalloy Manufacturing
WLB L Mining, Quarrying, and Oil and Gas Extraction Coal Mining
CCO L Professional, Scientific, and Technical Services Display Advertising
AEIS L Manufacturing Semiconductor and Other Electronic Component Manufacturing
GPC L Wholesale Trade Motor Vehicle Supplies and New Parts Merchant Wholesalers
SCMP L Manufacturing Pharmaceutical and Medicine Manufacturing
ADMP L Manufacturing Pharmaceutical and Medicine Manufacturing

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 6 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The Looking For Bounce 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 61.2 Bullish Pullback Long
2 53 Carpe De Alpha Long
3 64.2 Knocking on Resistance Short
4 70.8 Looking for Bounce Long
5 62.3 On Support Long
6 64.2 Quarterback Long
7 59.3 Topping Formation Short
8 54.6 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