Trade Ideas Blog

“Knocking On Resistance” Leads 16 Algos, 4 Short: Holly Morning Huddle

Apr 7, 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.


As of today, Friday, April 7, 2017, the return from my trading performance since January 1 stands at +27.8 accumulated profit points vs the benchmark SPY’s performance of +11.9 points over the same period. On Thursday my performance was lower -0.3 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 +.7 My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.0 points.

15 stocks traded yesterday: 15 long stocks traded in the following sectors. [Fraction] were in the 7/15 Manufacturing sector.

Symbol L/S Sector Sub Industry
KIN L Professional, Scientific, and Technical Services Veterinary Services
HA L Transportation and Warehousing Scheduled Air Transportation
AAXN L Manufacturing All Other Fabricated Metal Product Manufacturing
NVCR L Manufacturing Medical Equipment and Supplies Manufacturing
CALD L Administrative and Support and Waste Management and Remediation Services All Other Support Services
GNC L Retail Trade Other Health and Personal Care Stores
FMSA L Mining, Quarrying, and Oil and Gas Extraction Support Activities for Mining
CNAT L Manufacturing Pharmaceutical and Medicine Manufacturing
BGFV L Retail Trade Sporting Goods Stores
VNDA L Manufacturing Pharmaceutical and Medicine Manufacturing
GIII L Manufacturing All Other Textile Product Mills
CORI L Manufacturing Pharmaceutical and Medicine Manufacturing
SMRT L Retail Trade Family Clothing Stores
NVTA L Health Care and Social Assistance Medical and Diagnostic Laboratories
ITEK L Manufacturing Pharmaceutical and Medicine Manufacturing

Today’s a new day and I am prepared for the market open with 16 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 16 strategies selected today 12 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The Knocking on Resistance 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 60.6 Bullish Pullback Long
2 59.6 Buyers Stepping In Long
3 61.7 Cant Stop It Long
4 52.4 Carpe De Alpha Long
5 62.4 Downward Momentum Short
6 67.4 Float On Long
7 70.4 Knocking on Resistance Short
8 59.4 Mighty Mouse Long
9 62.1 On Support Long
10 67.9 Power Hour Long Long
11 61.8 Pushing Through Resistance Long
12 64.7 Putting on the Breaks Short
13 64.3 Strong Stock Pulling Back Long
14 65.3 Tailwind Long
15 62.2 Topping Formation Short
16 54.2 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