Trade Ideas Blog
“Looking For Bounce” Leads 13 Algos, 9 Long: Holly Morning Huddle
Jun 28, 2017
“Looking For Bounce” 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, June 28, 2017, the return from my trading performance since January 1 stands at +54.3 accumulated profit points vs the benchmark SPY’s performance of +17.7 points over the same period. On Tuesday my performance was higher +.6 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 down -.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.1 points.
14 stocks traded yesterday: 10 long and 4 stocks traded short in the following sectors. 5/14 were in the Manufacturing sector.
|PDCE||S||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|HK||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|SPNE||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|NSA||L||Finance and Insurance||Trusts, Estates, and Agency Accounts|
|YRD||L||Finance and Insurance||Other Nondepository Credit Intermediation|
|AMAG||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|GATX||L||Real Estate and Rental and Leasing||Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing|
|MEOH||L||Manufacturing||Other Basic Organic Chemical Manufacturing|
|FINL||S||Retail Trade||Clothing Accessories Stores|
|EARS||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|GALE||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|OKS||S||Transportation and Warehousing||Pipeline Transportation of Natural Gas|
Today’s a new day and I am prepared for the market open with 13 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 13 strategies selected today 9 are Long, bullish in outlook. 4 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:
|2||63.2||Bullish Trend Change||Long|
|3||63||Buyers Stepping In||Long|
|7||65.6||Got Dough Wants To Go||Long|
|8||80||Looking for Bounce||Long|
|10||56.9||No Fear Short Here||Short|
|12||64||Putting on the Breaks||Short|
|13||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.
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
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