Trade Ideas Blog

“Knocking On Resistance” Leads 9 Algos, 2 Short: Holly Morning Huddle

Apr 18, 2017

“Knocking on Resistance” Leads 9 Algos, 2 Short: Holly Morning Huddle

Good morning.  Knocking On Resistance, today’s high performing algorithm, headlines the Holly Morning Huddle Report.


As of today, Tuesday, April 18, 2017, the return from my trading performance since January 1 stands at +28.8 accumulated profit points vs the benchmark SPY’s performance of +11.0 points over the same period. On Monday, my performance was lower -0.2 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 up +2.1. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.3 points.

8 stocks traded yesterday: 7 long and 1 stock traded short in the following sectors. 5/8 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
KRNT L
POL L Manufacturing All Other Chemical Product and Preparation Manufacturing
COUP L Information Software Publishers
MIME L Professional, Scientific, and Technical Services Computer Systems Design and Related Services
HPJ L Manufacturing Battery Manufacturing
ITGR S Manufacturing Medical Equipment and Supplies Manufacturing
KPTI L Manufacturing Pharmaceutical and Medicine Manufacturing
OHRP L Manufacturing Pharmaceutical and Medicine Manufacturing

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 7 are Long, bullish in outlook. 2 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 66.7 Buyers Stepping In Long
2 60 Cant Stop It Long
3 51.8 Carpe De Alpha Long
4 62.5 Downward Momentum Short
5 72.5 Knocking on Resistance Short
6 66.7 On Support Long
7 63.6 Strong Stock Pulling Back Long
8 63.8 Tailwind Long
9 53.9 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