Trade Ideas Blog
“Strong Stock Pulling Back” Leads 13 Algos, 10 Long: Holly Morning Huddle
May 21, 2018
“Strong Stock Pulling Back” Leads The Daily Regime of Optimized Algorithms
Good morning. “‘Strong Stock Pulling Back’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”
As of today, Monday, May 21, 2018, the return from my trading performance since January 1 stands at +37.7 accumulated profit points vs the benchmark SPY’s performance of +4.5 points over the same period. On Friday my performance was lower -.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 Friday. the SPY was down -.7. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.4 points.
20 stocks traded yesterday: 15 long and 5 stocks traded short in the following sectors. 1/2 were in the Manufacturing sector.
|TTOO||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|TVTY||L||Health Care and Social Assistance||Other Outpatient Care Centers|
|VCEL||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|CRR||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|ECYT||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|CWBR||L||Professional, Scientific, and Technical Services||Research and Development in the Physical, Engineering, and Life Sciences|
|TGTX||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|TNDM||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|MCFT||L||Manufacturing||Ship and Boat Building|
|CRY||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|HIIQ||L||Health Care and Social Assistance||Other Outpatient Care Centers|
|ACAD||S||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|SEND||L||Wholesale Trade||Computer and Computer Peripheral Equipment and Software Merchant Wholesalers|
|MPLX||S||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|SIX||S||Arts, Entertainment, and Recreation||Amusement and Theme Parks|
|MCF||L||Mining, Quarrying, and Oil and Gas Extraction|
|BOOT||S||Retail Trade||Shoe Stores|
|APLS||S||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|FOLD||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|QTNT||L||Professional, Scientific, and Technical Services||Testing Laboratories|
Today’s a new day and I am prepared for the market open with 13 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 13 strategies selected today 10 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The Strong Stock Pulling Back, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|2||61.4||Buyers Stepping In||Long|
|4||59.6||Got Dough Wants To Go||Long|
|7||63.4||Power Hour Short||Short|
|8||70.3||Putting on the Breaks||Short|
|10||70.6||Strong Stock Pulling Back||Long|
|13||63.6||The 5 Day Bounce||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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