Trade Ideas Blog
“Knocking on Resistance” Leads 9 Algos, 3 Short: Holly Morning Huddle
Feb 28, 2018
“Knocking on Resistance” Leads The Daily Regime of Optimized Algorithms
Good morning. “‘Knocking on Resistance’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”
As of today, Wednesday, February 28, 2018, the return from my trading performance since January 1 stands at +121.7 accumulated profit points vs the benchmark SPY’s performance of +50.8 points over the same period. On Tuesday my performance was higher +.4 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 down -3.5. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.1 points.
21 stocks traded yesterday: 15 long and 6 stocks traded short in the following sectors. 6/21 were in the Manufacturing sector.
|BZUN||S||Retail Trade||Other Direct Selling Establishments|
|APTS||S||Real Estate and Rental and Leasing||Lessors of Residential Buildings and Dwellings|
|ASIX||L||Manufacturing||Resin and Synthetic Rubber Manufacturing|
|SELB||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|KURA||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|GSM||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|ZAGG||L||Retail Trade||All Other Miscellaneous Store Retailers|
|CRZO||S||Mining, Quarrying, and Oil and Gas Extraction|
|EAT||L||Accommodation and Food Services|
|SNH||S||Real Estate and Rental and Leasing||Lessors of Residential Buildings and Dwellings|
|DWDP||S||Manufacturing||All Other Chemical Product and Preparation Manufacturing|
|MMYT||L||Administrative and Support and Waste Management and Remediation Services||Travel Agencies|
|PE||L||Mining, Quarrying, and Oil and Gas Extraction|
|PEP||L||Manufacturing||Soft Drink and Ice Manufacturing|
|AWK||L||Utilities||Water Supply and Irrigation Systems|
|PI||L||Manufacturing||All Other Electrical Equipment and Component Manufacturing|
|KEY||L||Finance and Insurance||Commercial Banking|
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 6 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The Knocking on Resistance strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|3||59.7||Buyers Stepping In||Long|
|4||64.1||Cuts Like a Knife||Short|
|6||64.8||Knocking on Resistance||Short|
|7||61||Power Hour Long||Long|
|8||60.3||Pushing Through Resistance||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
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