Trade Ideas Blog

Buyers Stepping In Leads 8 Algos, 7 Long: Holly Morning Huddle

Apr 28, 2017

“Buyers Stepping In” Leads 8 Algos, 7 Long: Holly Morning Huddle

Good morning.  Buyers Stepping In, today’s high performing algorithm, headlines the Holly Morning Huddle Report.


As of today, Friday, April 28, 2017, the return from my trading performance since January 1 stands at +29.7 accumulated profit points vs the benchmark SPY’s performance of +15.1 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 +.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.8 points.

11 stocks traded yesterday: 11 long stocks traded in the following sectors. 5/11 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
CERC L Manufacturing Pharmaceutical and Medicine Manufacturing
PXLW L Manufacturing Semiconductor and Other Electronic Component Manufacturing
CO L Health Care and Social Assistance All Other Ambulatory Health Care Services
TRGP L Mining, Quarrying, and Oil and Gas Extraction Support Activities for Mining
PXLW L Manufacturing Semiconductor and Other Electronic Component Manufacturing
OCUL L Manufacturing Pharmaceutical and Medicine Manufacturing
BWEN L Manufacturing
SBLK L Transportation and Warehousing Deep Sea, Coastal, and Great Lakes Water Transportation
SONS L Information Other Telecommunications
SAUC L Accommodation and Food Services Food Service Contractors
FNJN L Administrative and Support and Waste Management and Remediation Services Security Systems Services

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 7 are Long, bullish in outlook. 1 is Short, bearish in outlook. Ready for anything. The Buyers Stepping In 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 74.3 Buyers Stepping In Long
2 51 Carpe De Alpha Long
3 63.5 Float On Long
4 63.5 Knocking on Resistance Short
5 61.4 On Support Long
6 69 Quarterback Long
7 62.4 Sunrise Mover Long
8 54.1 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