Trade Ideas Blog

“Breakout” Leads 7 Algos, 6 Long: Holly Morning Huddle

Nov 9, 2017

“Breakout” Leads The Daily Regime of Optimized Algorithms

Good morning.  Breakout, today’s high performing algorithm, headlines the Holly Morning Huddle Report.

As of today, Thursday, November 9, 2017, the return from my trading performance since January 1 stands at +99.3 accumulated profit points vs the benchmark SPY’s performance of +35.5 points over the same period. On Wednesday my performance was higher +3.0 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 +.4. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +3.4 points.

14 stocks traded yesterday: 14 long stocks traded in the following sectors. 2/7 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
KELYA L Administrative and Support and Waste Management and Remediation Services Employment Placement Agencies and Executive Search Services
TPIC L Manufacturing All Other General Purpose Machinery Manufacturing
AEIS L Manufacturing Semiconductor and Other Electronic Component Manufacturing
UPLD L Wholesale Trade Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
GATX L Real Estate and Rental and Leasing Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
CAMT L Manufacturing Semiconductor and Other Electronic Component Manufacturing
CALD L Administrative and Support and Waste Management and Remediation Services All Other Support Services
ALB L Manufacturing All Other Chemical Product and Preparation Manufacturing
PFGC L Wholesale Trade Fish and Seafood Merchant Wholesalers
SSTI L Information Software Publishers
GOL L Transportation and Warehousing Scheduled Air Transportation
LTBR L Administrative and Support and Waste Management and Remediation Services Other Business Support Services
VOYA L Finance and Insurance Open-End Investment Funds
ELS L Finance and Insurance Trusts, Estates, and Agency Accounts

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 is Short, bearish in outlook. Ready for anything. The Breakout 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 73.3 Breakout Long
2 72.7 Float On Long
3 72.2 On Support Long
4 63.9 Power Hour Long Long
5 67.7 Selling Strength Short
6 62.5 Tailwind Long
7 65 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