Trade Ideas Blog
“On Support” Leads 7 Algos, 6 Long: Holly Morning Huddle
Jul 18, 2017
“On Support” Leads The Daily Regime of Optimized Algorithms
Good morning. On Support, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Tuesday, July 18, 2017, the return from my trading performance since January 1 stands at +60.0 accumulated profit points vs the benchmark SPY’s performance of +21.9 points over the same period. On Monday my performance was higher +1.5 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 down -.03. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.7 points.
20 stocks traded yesterday: 20 long stocks traded in the following sectors. 11/20 were in the Manufacturing sector.
|CAL||L||Wholesale Trade||Footwear Merchant Wholesalers|
|CDTX||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|OTIC||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|SITO||L||Information||Wireless Telecommunications Carriers (except Satellite)|
|SQM||L||Manufacturing||Other Basic Inorganic Chemical Manufacturing|
|PRTA||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|LNTH||L||Health Care and Social Assistance||Medical and Diagnostic Laboratories|
|QBAK||L||Manufacturing||Manufacturing and Reproducing Magnetic and Optical Media|
|MC||L||Finance and Insurance||Investment Advice|
|CYRX||L||Manufacturing||Polystyrene Foam Product Manufacturing|
|DG||L||Retail Trade||All Other General Merchandise Stores|
|SJI||L||Utilities||Natural Gas Distribution|
|BGS||L||Manufacturing||Fruit and Vegetable Canning, Pickling, and Drying|
|LGIH||L||Construction||Residential Building Construction|
|ANFI||L||Manufacturing||All Other Food Manufacturing|
|SRG||L||Real Estate and Rental and Leasing||Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)|
|AUPH||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|EXAS||L||Health Care and Social Assistance||Medical and Diagnostic Laboratories|
|MX||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|BLPH||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
Today’s a new day and I am prepared for the market open with 7 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 7 strategies selected today 6 are Long, bullish in outlook. 1 are Short, bearish in outlook. Ready for anything. The On Support strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|2||61.1||Bullish Trend Change||Long|
|4||60.8||Power Hour Short||Short|
|5||62.5||Resistance is Futile||Long|
|7||51.7||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
Actionable Market Intelligence