Feb 16, 2018
“Putting on the Breaks” Leads 9 Algos, 4 Short: Holly Morning Huddle
Written by Katie Gomez
“Putting on the Breaks” Leads The Daily Regime of Optimized Algorithms
Good morning. “‘Putting on the Breaks’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”
As of today, Friday, February 16, 2018, the return from my trading performance since January 1 stands at +119.9 accumulated profit points vs the benchmark SPY’s performance of +49.4 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 +3.4. My Risk-On mode, which extends the holding period for trades until the day’s close, was flat.
21 stocks traded yesterday: 17 long and 4 stocks traded short in the following sectors. 9/21 were in the Manufacturing sector.
|MTRX||S||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|MEOH||S||Manufacturing||Other Basic Organic Chemical Manufacturing|
|TBK||L||Finance and Insurance||Commercial Banking|
|GLYC||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|ATNX||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|UVV||L||Wholesale Trade||Other Farm Product Raw Material Merchant Wholesalers|
|REN||S||Mining, Quarrying, and Oil and Gas Extraction|
|LXU||L||Manufacturing||All Other Chemical Product and Preparation Manufacturing|
|ENVA||L||Finance and Insurance||Other Nondepository Credit Intermediation|
|PFSI||L||Finance and Insurance||Portfolio Management|
|WMS||L||Manufacturing||Plastics Pipe, Pipe Fitting, and Unlaminated Profile Shape Manufacturing|
|ITCI||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|QUOT||L||Professional, Scientific, and Technical Services||Marketing Research and Public Opinion Polling|
|ORC||L||Real Estate and Rental and Leasing||Other Activities Related to Real Estate|
|ELGX||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|AIPT||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|OHGI||L||Professional, Scientific, and Technical Services||Computer Systems Design and Related Services|
|FRC||L||Finance and Insurance||Commercial Banking|
|HA||L||Transportation and Warehousing||Scheduled Air Transportation|
Today’s a new day and I am prepared for the market open with 9 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 5 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The Putting on the Breaks strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|4||60.9||Knocking on Resistance||Short|
|5||60.5||Looking for Bounce||Long|
|7||59.4||Power Hour Short||Short|
|8||81.1||Putting on the Breaks||Short|
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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Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
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