Apr 27, 2018

“On Support” Leads 9 Algos, 5 Long: Holly Morning Huddle

Written by Katie Gomez

“On Support” Leads The Daily Regime of Optimized Algorithms

Good morning. “‘On Support’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

As of today, Friday, April 27, 2018, the return from my trading performance since January 1 stands at +139.1 accumulated profit points vs the benchmark SPY’s performance of +42.7 points over the same period. On Thursday my performance was higher +.2 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 +2.7. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.6 points.

16 stocks traded yesterday: 14 long and 2 stocks traded short in the following sectors. 3/8 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
BNFT L Information Software Publishers
LPLA L Finance and Insurance Investment Banking and Securities Dealing
GCO L Retail Trade Clothing Accessories Stores
ZGNX L Manufacturing Pharmaceutical and Medicine Manufacturing
ICLK L Professional, Scientific, and Technical Services Other Services Related to Advertising
APLS L Manufacturing Pharmaceutical and Medicine Manufacturing
ICHR L Manufacturing Semiconductor and Other Electronic Component Manufacturing
CAL L Wholesale Trade Footwear Merchant Wholesalers
RVNC S Manufacturing Pharmaceutical and Medicine Manufacturing
CBRE S Finance and Insurance Other Nondepository Credit Intermediation
NS L Transportation and Warehousing Pipeline Transportation of Refined Petroleum Products
HEAR L Manufacturing Other Communications Equipment Manufacturing
CAR L Real Estate and Rental and Leasing Passenger Car Rental and Leasing
CF L Manufacturing Fertilizer Manufacturing
HLX L Mining, Quarrying, and Oil and Gas Extraction Support Activities for Mining
O L Finance and Insurance Trusts, Estates, and Agency Accounts

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 On Support strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Win% Strategy L/S
1 60.7 Bullish Pullback Long
2 60.6 Cuts Like a Knife Short
3 62 Knocking on Resistance Short
4 59.3 Little Big Guy Long
5 66 On Support Long
6 60.9 Power Hour Long Long
7 60.9 Putting on the Breaks Short
8 60.6 Sunrise Mover Long
9 63.7 Topping Formation 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.
“Inquire about sponsorship opportunities for this series at info@trade-ideas.com.”

Best regards,
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence