May 23, 2018

“Downward Momentum” Leads 11 Algos, 4 Short: Holly Morning Huddle

Written by Katie Gomez

“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.

Symbol L/S Sector Sub Industry
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
FEYE S Information Software Publishers
IO S Mining, Quarrying, and Oil and Gas Extraction Support Activities for Mining
DOVA L Manufacturing Pharmaceutical and Medicine Manufacturing
IQ L Information Other Publishers
EOLS L Manufacturing Pharmaceutical and Medicine Manufacturing
SRI S Manufacturing Motor Vehicle Body and Trailer Manufacturing
MDP L Information Periodical Publishers
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:

No. Test Win% Strategy L/S
1 67.3 Bon Shorty Short
2 71.9 Downward Momentum Short
3 61.8 Float On Long
4 60.7 Mighty Mouse Long
5 61 Nickelback Long
6 65.5 On Support Long
7 59.8 Putting on the Breaks Short
8 70.7 Quarterback Long
9 63.6 Selling Strength 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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Best regards,


Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence