Trade Ideas Blog
“Quarterback” Leads 8 Algos, 6 Long: Holly Morning Huddle
Apr 25, 2018
“Quarterback” Leads The Daily Regime of Optimized Algorithms
Good morning. “‘Quarterback’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”
As of today, Wednesday, April 25, 2018, the return from my trading performance since January 1 stands at +137.0 accumulated profit points vs the benchmark SPY’s performance of +39.4 points over the same period. On Tuesday my performance was higher +.8 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 -3.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +4.2 points.
21 stocks traded yesterday: 11 long and 10 stocks traded short in the following sectors. 6/21 were in the Manufacturing sector.
|WSBC||L||Finance and Insurance||Commercial Banking|
|FTI||L||Professional, Scientific, and Technical Services||Management Consulting Services|
|TVTY||S||Health Care and Social Assistance||Other Outpatient Care Centers|
|UAL||S||Transportation and Warehousing||Scheduled Air Transportation|
|SYNT||L||Professional, Scientific, and Technical Services||Computer Systems Design and Related Services|
|NOV||L||Manufacturing||Mining and Oil and Gas Field Machinery Manufacturing|
|LEDS||S||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|OI||S||Manufacturing||Glass and Glass Product Manufacturing|
|JBLU||S||Transportation and Warehousing||Scheduled Air Transportation|
|OFG||L||Finance and Insurance||Commercial Banking|
|SRCI||S||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|GLW||S||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|WATT||S||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|TECK||S||Mining, Quarrying, and Oil and Gas Extraction||Other Metal Ore Mining|
|HAE||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|SRCL||L||Administrative and Support and Waste Management and Remediation Services||Waste Collection|
|CPRT||L||Retail Trade||Used Car Dealers|
|PLNT||L||Arts, Entertainment, and Recreation||Fitness and Recreational Sports Centers|
|NTRI||L||Other Services (except Public Administration)||All Other Personal Services|
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 6 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The Quarterback strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|5||67.5||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
Actionable Market Intelligence