Trade Ideas Blog
“Strong Stock Pulling Back” Leads 7 Algos, 2 Long: Holly Morning Huddle
Dec 22, 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, Friday, December 22, 2017, the return from my trading performance since January 1 stands at +110.9 accumulated profit points vs the benchmark SPY’s performance of +44.0 points over the same period. On Thursday my performance was higher +1.3 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 Thursday. the SPY was up +.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +3.9 points.
19 stocks traded yesterday: 18 long and 1 stock traded short in the following sectors. 6/19 were in the Manufacturing sector.
|PRTK||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|OCUL||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|STLD||L||Manufacturing||Iron and Steel Mills and Ferroalloy Manufacturing|
|BPL||L||Transportation and Warehousing||Pipeline Transportation of Refined Petroleum Products|
|TVTY||L||Health Care and Social Assistance||Other Outpatient Care Centers|
|DRNA||L||Professional, Scientific, and Technical Services||Research and Development in the Physical, Engineering, and Life Sciences|
|PER||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|LOW||L||Retail Trade||Home Centers|
|STL||L||Finance and Insurance||Commercial Banking|
|CVA||L||Administrative and Support and Waste Management and Remediation Services||Waste Treatment and Disposal|
|BDSI||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|EGN||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|SM||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|UEPS||L||Administrative and Support and Waste Management and Remediation Services||Other Business Support Services|
|SLB||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|TSN||L||Manufacturing||Animal Slaughtering and Processing|
|TMUS||L||Information||Wireless Telecommunications Carriers (except Satellite)|
|SQBG||L||Manufacturing||Men’s and Boys’ Cut and Sew Apparel 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 2 are Long, bullish in outlook. 5 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:
|3||62.1||Knocking on Resistance||Short|
|4||61.3||Power Hour Short||Short|
|6||70.8||Strong Stock Pulling Back||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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