May 25, 2018
“Bullish Pullback” Leads 6 Algos, 4 Long: Holly Morning Huddle
Written by Katie Gomez
“Bullish Pullback” Leads The Daily Regime of Optimized Algorithms
Good morning. “‘Bullish Pullback’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”
As of today, Friday, May 25, 2018, the return from my trading performance since January 1 stands at +34.1 accumulated profit points vs the benchmark SPY’s performance of +5.9 points over the same period. On Thursday my performance was lower -1.6 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 down -.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.4 points.
11 stocks traded yesterday: 8 long and 3 stocks traded short in the following sectors. 5/11 were in the Manufacturing sector.
|RETA||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|EIGR||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|MDC||L||Construction||Residential Building Construction|
|VCRA||L||Manufacturing||Other Communications Equipment Manufacturing|
|CUBI||L||Finance and Insurance||Commercial Banking|
|HMHC||L||Educational Services||Educational Support Services|
|GKOS||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|LB||S||Retail Trade||Women’s Clothing Stores|
|HDSN||L||Other Services (except Public Administration)||Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance|
|CAR||S||Real Estate and Rental and Leasing||Passenger Car Rental and Leasing|
|TTM||S||Manufacturing||Automobile and Light Duty Motor Vehicle Manufacturing|
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 6 strategies selected today 4 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The Bullish Pullback strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|2||59.1||Buyers Stepping In||Long|
|3||59.6||Putting on the Breaks||Short|
|6||63.2||Strong Stock Pulling Back||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