Trade Ideas Blog

“Topping Formation and On Support” Lead 15 Algos, 4 Short and 11 Long: Holly Morning Huddle

Apr 13, 2017

“Topping Formation and On Support” Lead 15 Algos, 4 Short and 11 Long: Holly Morning Huddle

Good morning Topping Formation and On Support are tied as today’s high performing algorithms, and headline the Holly Morning Huddle Report.


As of today, Thursday, April 13, 2017, the return from my trading performance since January 1 stands at +29.4 accumulated profit points vs the benchmark SPY’s performance of +10.5 points over the same period. On Wednesday my performance was higher +.38 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 Wednesday, the SPY was down -1.0. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.11 points.

13 stocks traded yesterday: 9 long and 4 stocks traded short in the following sectors. 7/13 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
AGU S Manufacturing Fertilizer Manufacturing
DVN S Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
INUV L Professional, Scientific, and Technical Services Other Services Related to Advertising
PAH S Manufacturing All Other Chemical Product and Preparation Manufacturing
GNMX L Manufacturing Pharmaceutical and Medicine Manufacturing
TGS L Transportation and Warehousing Pipeline Transportation of Natural Gas
WAC L Finance and Insurance Mortgage and Nonmortgage Loan Brokers
MSCC S Manufacturing Semiconductor and Other Electronic Component Manufacturing
ITEK L Manufacturing Pharmaceutical and Medicine Manufacturing
FRSH L Accommodation and Food Services
FIT L Manufacturing Navigational, Measuring, Electromedical, and Control Instruments Manufacturing
SORL L Manufacturing Motor Vehicle Brake System Manufacturing
ENSG L Health Care and Social Assistance Nursing Care Facilities

Today’s a new day and I am prepared for the market open with 15 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 15 strategies selected today 11 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The On Support and Topping Formation strategies, in the list below, are tied with the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Test Win% Strategy L/S
1 61.3 Cant Stop It Long
2 51.6 Carpe De Alpha Long
3 60.3 Count De Monet Long
4 64.9 Got Dough Wants To Go Long
5 59.5 Knocking on Resistance Short
6 68.9 Looking for Bounce Long
7 61.1 Not a Double Bottom Short
8 70.6 On Support Long
9 62.4 Putting on the Breaks Short
10 61.5 Quarterback Long
11 67.9 Strong Stock Pulling Back Long
12 64.6 Tailwind Long
13 59.5 The Continuation Long
14 70.6 Topping Formation Short
15 56.5 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