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.

Symbol L/S Sector Sub Industry
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
IDT L Information Other Telecommunications
EFII L Manufacturing Printing
TGI L Manufacturing Aerospace Product and Parts Manufacturing
OKTA L Information Software Publishers
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:

No. Test Win% Strategy L/S
1 64.1 Bullish Trend Change Long
2 60.5 Downward Dog Short
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
7 66.7 On Support Long
8 60 Quarterback Long
9 67.4 Strong Stock Pulling Back Long
10 61 Sunrise Mover 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.

“Inquire about sponsorship opportunities for this series at info@trade-ideas.com.”

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence