Trade Ideas Blog

“On Support” Leads 9 Algos, 7 Long: Holly Morning Huddle

Nov 29, 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, Wednesday, November 29, 2017, the return from my trading performance since January 1 stands at +101.4 accumulated profit points vs the benchmark SPY’s performance of +39.3 points over the same period. On Tuesday my performance was lower -0.1 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 Tuesday. the SPY was up +2.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.5 points.

19 stocks traded yesterday: 18 long and 1 stock traded short in the following sectors. 7/19 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
CDXS L Professional, Scientific, and Technical Services Research and Development in the Physical, Engineering, and Life Sciences
AA L Manufacturing Alumina and Aluminum Production and Processing
ENVA L Finance and Insurance Other Nondepository Credit Intermediation
ANFI L Manufacturing All Other Food Manufacturing
MTLS L Manufacturing Manufacturing and Reproducing Magnetic and Optical Media
SOL L Manufacturing All Other Chemical Product and Preparation Manufacturing
EEX L Administrative and Support and Waste Management and Remediation Services Convention and Trade Show Organizers
TJX L Retail Trade All Other General Merchandise Stores
PRCP L Manufacturing Commercial and Service Industry Machinery Manufacturing
MEET L Information All Other Information Services
AQ L Manufacturing Computer and Peripheral Equipment Manufacturing
TOUR L Administrative and Support and Waste Management and Remediation Services Tour Operators
MNST L Manufacturing Soft Drink and Ice Manufacturing
APA L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
SHLD L Retail Trade Department Stores
MOMO S Management of Companies and Enterprises Management of Companies and Enterprises
IBM L Professional, Scientific, and Technical Services Computer Systems Design and Related Services
LC L Finance and Insurance Other Financial Vehicles
INXN L Information Data Processing, Hosting, and Related Services

Today’s a new day and I am prepared for the market open with 13 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 9 strategies selected today 7 are Long, bullish in outlook. 2 are Short, bearish 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 61.3 Bullish Pullback Long
2 64.8 Float On Long
3 67.9 Looking for Bounce Long
4 69.7 On Support Long
5 65.9 Power Hour Long Long
6 60.2 Putting on the Breaks Short
7 68.3 Tailwind Long
8 61.7 Topping Formation Short
9 53.5 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.

“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