Trade Ideas Blog
“Strong Stock Pulling Back” Leads 4 Algos, 3 Long: Holly Morning Huddle
Aug 21, 2017
“Strong Stock Pulling Back” Leads The Daily Regime of Optimized Algorithms
Good morning. Strong Stock Pulling Back, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Monday, August 21, 2017, the return from my trading performance since January 1 stands at +68.8 accumulated profit points vs the benchmark SPY’s performance of +19.1 points over the same period. On Friday my performance was higher +3.2 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 Friday. the SPY was down -.4. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.01 points.
17 stocks traded yesterday: 14 long and 3 stocks traded short in the following sectors. 7/17 were in the Manufacturing sector.
|CATO||L||Retail Trade||Other Clothing Stores|
|ICHR||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|BIVV||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|IPXL||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|QSR||L||Accommodation and Food Services|
|ANAB||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|NBL||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|BGG||L||Manufacturing||Engine, Turbine, and Power Transmission Equipment Manufacturing|
|HRI||S||Real Estate and Rental and Leasing||Other Commercial and Industrial Machinery and Equipment Rental and Leasing|
|MGNX||S||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|RENN||L||Arts, Entertainment, and Recreation||All Other Amusement and Recreation Industries|
|SPWH||S||Retail Trade||Sporting Goods Stores|
|IOTS||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|CTRP||L||Administrative and Support and Waste Management and Remediation Services||Travel Agencies|
|HP||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|PWR||L||Construction||Electrical Contractors and Other Wiring Installation Contractors|
Today’s a new day and I am prepared for the market open with 4 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 4 strategies selected today 3 are Long, bullish in outlook. 1 is Short, bearish in outlook. Ready for anything. The Strong Stock Pulling Back strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|2||64.1||Strong Stock Pulling Back||Long|
|4||46.5||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.
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Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence