Trade Ideas Blog

“On Support” Leads 7 Algos, 7 Long: Holly Morning Huddle

Nov 7, 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, November 7, 2017, the return from my trading performance since January 1 stands at +94.1 accumulated profit points vs the benchmark SPY’s performance of +35.2 points over the same period. On Monday my performance was higher +1.6 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 Monday. the SPY was up +.4. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +3.6 points.

17 stocks traded yesterday: 17 long stocks traded in the following sectors. 6/17 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
SPCB L Manufacturing Semiconductor and Other Electronic Component Manufacturing
NGVC L Retail Trade Supermarkets and Other Grocery (except Convenience) Stores
FMC L Manufacturing Other Basic Inorganic Chemical Manufacturing
OTEX L Professional, Scientific, and Technical Services Computer Systems Design and Related Services
UNT L Mining, Quarrying, and Oil and Gas Extraction Support Activities for Mining
CBT L Manufacturing Other Basic Inorganic Chemical Manufacturing
RENN L Arts, Entertainment, and Recreation All Other Amusement and Recreation Industries
ESTE L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
DISCA L Information Wired Telecommunications Carriers
MTZ L Construction Power and Communication Line and Related Structures Construction
CRUS L Manufacturing Semiconductor and Other Electronic Component Manufacturing
PNK L Arts, Entertainment, and Recreation Other Gambling Industries
AOBC L Manufacturing All Other Fabricated Metal Product Manufacturing
CRK L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
MUR L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
BX L Finance and Insurance Investment Advice
CTRL L Manufacturing Communication and Energy Wire and Cable 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 7 are Long, bullish 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:

No. Test Win% Strategy L/S
1 63 Breakout Long
2 64.9 Bullish Trend Change Long
3 60 Got Dough Wants To Go Long
4 69 On Support Long
5 60.7 Quarterback Long
6 67.4 Tailwind Long
7 66.9 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