Trade Ideas Blog
“Putting on the Breaks” Leads 8 Algos, 3 Short: Holly Morning Huddle
Feb 23, 2018
“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 23, 2018, the return from my trading performance since January 1 stands at +121.5 accumulated profit points vs the benchmark SPY’s performance of +46.8 points over the same period. On Thursday my performance was higher +.5 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 +.4. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.7 points.
15 stocks traded yesterday: 14 long and 1 stock traded short in the following sectors. 1/5 were in the Manufacturing sector.
|LPNT||L||Health Care and Social Assistance||General Medical and Surgical Hospitals|
|LW||L||Manufacturing||Frozen Food Manufacturing|
|BECN||S||Wholesale Trade||Roofing, Siding, and Insulation Material Merchant Wholesalers|
|MYOK||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|IHG||L||Accommodation and Food Services||Hotels (except Casino Hotels) and Motels|
|CATO||L||Retail Trade||Other Clothing Stores|
|USCR||L||Manufacturing||Other Concrete Product Manufacturing|
|CBZ||L||Administrative and Support and Waste Management and Remediation Services||All Other Support Services|
|UNT||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|GLOG||L||Transportation and Warehousing||Deep Sea, Coastal, and Great Lakes Water Transportation|
|AN||L||Retail Trade||New Car Dealers|
|TCBI||L||Finance and Insurance||Commercial Banking|
|AAT||L||Real Estate and Rental and Leasing||Lessors of Other Real Estate Property|
|VNO||L||Real Estate and Rental and Leasing||Lessors of Nonresidential Buildings (except Miniwarehouses)|
Today’s a new day and I am prepared for the market open with 8 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 8 strategies selected today 5 are Long, bullish in outlook. 3 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||63.9||Looking for Bounce||Long|
|5||60.7||Pushing Through Resistance||Long|
|6||71.4||Putting on the Breaks||Short|
|8||60||Volume Doesnt Lie||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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Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence