Trade Ideas Blog
“Strong Stock Pulling Back” Leads 11 Algos, 9 Long: Holly Morning Huddle
Aug 31, 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, Thursday, August 31, 2017, the return from my trading performance since January 1 stands at +72.1 accumulated profit points vs the benchmark SPY’s performance of +22.4 points over the same period. On Wednesday my performance was higher +1.0 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 Wednesday. the SPY was up +1.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.9 points.
21 stocks traded yesterday: 21 long stocks traded in the following sectors. 12/21 were in the Manufacturing sector.
|PCO||L||Administrative and Support and Waste Management and Remediation Services||Other Business Support Services|
|INCR||L||Professional, Scientific, and Technical Services||Research and Development in the Physical, Engineering, and Life Sciences|
|GARS||L||Finance and Insurance||Portfolio Management|
|CHUY||L||Accommodation and Food Services|
|EIGR||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|KNX||L||Transportation and Warehousing||General Freight Trucking, Long-Distance|
|SHLO||L||Manufacturing||Metalworking Machinery Manufacturing|
|PF||L||Manufacturing||Frozen Food Manufacturing|
|MATX||L||Transportation and Warehousing||Deep Sea, Coastal, and Great Lakes Water Transportation|
|GRUB||L||Information||Internet Publishing and Broadcasting and Web Search Portals|
|JNCE||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|PXLW||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|CRAY||L||Manufacturing||Computer and Peripheral Equipment Manufacturing|
|LMAT||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|AA||L||Manufacturing||Alumina and Aluminum Production and Processing|
|TGI||L||Manufacturing||Aerospace Product and Parts Manufacturing|
|TSEM||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|CBPX||L||Manufacturing||Gypsum Product Manufacturing|
Today’s a new day and I am prepared for the market open with 11 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 11 strategies selected today 9 are Long, bullish in outlook. 2 are 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:
|1||64.1||Bullish Trend Change||Long|
|3||62.1||Got Dough Wants To Go||Long|
|4||61.9||Knocking on Resistance||Short|
|5||60.7||Little Big Guy||Long|
|6||67.1||Looking for Bounce||Long|
|9||67.4||Strong Stock Pulling Back||Long|
|11||47.8||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