Trade Ideas Blog
“Downward Momentum” Leads 11 Algos, 4 Short: Holly Morning Huddle
May 23, 2018
“Downward Momentum” Leads The Daily Regime of Optimized Algorithms
Good morning. “‘Downward Momentum, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”
As of today, Wednesday, May 23, 2018, the return from my trading performance since January 1 stands at +36.1 accumulated profit points vs the benchmark SPY’s performance of +5.8 points over the same period. On Tuesday my performance was lower -0.3 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 -.8. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.1 points.
14 stocks traded yesterday: 9 long and 5 stocks traded short in the following sectors. 5/14 were in the Manufacturing sector.
|REV||L||Retail Trade||Cosmetics, Beauty Supplies, and Perfume Stores|
|ORIG||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|ADUS||S||Health Care and Social Assistance||Home Health Care Services|
|RY||L||Finance and Insurance||Commercial Banking|
|RCKT||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|IO||S||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|DOVA||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|EOLS||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|SRI||S||Manufacturing||Motor Vehicle Body and Trailer Manufacturing|
|DOVA||S||Manufacturing||Pharmaceutical and Medicine Manufacturing|
Today’s a new day and I am prepared for the market open with 11 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 11 strategies selected today 7 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The Downward Momentum strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|7||59.8||Putting on the Breaks||Short|
|10||62.5||Strong Stock Pulling Back||Long|
|11||63||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
Actionable Market Intelligence