Trade Ideas Blog

“Looking For Bounce” Leads 14 Algos, 11 Long: Holly Morning Huddle

Jun 20, 2018

“Looking For Bounce” Leads The Daily Regime of Optimized Algorithms

Good morning.  “‘Looking For Bounce,” today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

As of today, Wednesday, June 20, 2018, the return from my trading performance since January 1 stands at +111.3 accumulated profit points vs the benchmark SPY’s performance of +8.6 points over the same period. On Tuesday my performance was higher +15.2 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 Tuesday. the SPY was down -1.1. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +39.1 points.

59 stocks traded yesterday: 23 long and 36 stocks traded short in the following sectors. 18/59 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
UVV L Wholesale Trade Other Farm Product Raw Material Merchant Wholesalers
UVV L Wholesale Trade Other Farm Product Raw Material Merchant Wholesalers
UVV L Wholesale Trade Other Farm Product Raw Material Merchant Wholesalers
EVH L Health Care and Social Assistance All Other Ambulatory Health Care Services
EVH L Health Care and Social Assistance All Other Ambulatory Health Care Services
WVE S
WVE S
WVE S
WVE S
WVE S
WVE S
PAGS S Professional, Scientific, and Technical Services Computer Systems Design and Related Services
PAGS S Professional, Scientific, and Technical Services Computer Systems Design and Related Services
PAGS S Professional, Scientific, and Technical Services Computer Systems Design and Related Services
GTT S Information Other Telecommunications
GTT S Information Other Telecommunications
GTT S Information Other Telecommunications
SBGI S Information Television Broadcasting
SBGI S Information Television Broadcasting
SBGI S Information Television Broadcasting
IQ S Information Other Publishers
IQ S Information Other Publishers
IQ S Information Other Publishers
IQ S Information Other Publishers
IQ S Information Other Publishers
IQ S Information Other Publishers
PKX L Manufacturing Iron and Steel Mills and Ferroalloy Manufacturing
PKX L Manufacturing Iron and Steel Mills and Ferroalloy Manufacturing
PKX L Manufacturing Iron and Steel Mills and Ferroalloy Manufacturing
MYL L Manufacturing Pharmaceutical and Medicine Manufacturing
MYL L Manufacturing Pharmaceutical and Medicine Manufacturing
MYL L Manufacturing Pharmaceutical and Medicine Manufacturing
AMAT L Manufacturing Semiconductor and Other Electronic Component Manufacturing
AMAT L Manufacturing Semiconductor and Other Electronic Component Manufacturing
AMAT L Manufacturing Semiconductor and Other Electronic Component Manufacturing
PRU L Finance and Insurance Direct Life, Health, and Medical Insurance Carriers
PRU L Finance and Insurance Direct Life, Health, and Medical Insurance Carriers
PRU L Finance and Insurance Direct Life, Health, and Medical Insurance Carriers
BHP L Mining, Quarrying, and Oil and Gas Extraction Copper, Nickel, Lead, and Zinc Mining
BHP L Mining, Quarrying, and Oil and Gas Extraction Copper, Nickel, Lead, and Zinc Mining
BHP L Mining, Quarrying, and Oil and Gas Extraction Copper, Nickel, Lead, and Zinc Mining
PB L Finance and Insurance Commercial Banking
PB L Finance and Insurance Commercial Banking
PB L Finance and Insurance Commercial Banking
PAGS S Professional, Scientific, and Technical Services Computer Systems Design and Related Services
PAGS S Professional, Scientific, and Technical Services Computer Systems Design and Related Services
PAGS S Professional, Scientific, and Technical Services Computer Systems Design and Related Services
IMMU S Manufacturing Pharmaceutical and Medicine Manufacturing
IMMU S Manufacturing Pharmaceutical and Medicine Manufacturing
IMMU S Manufacturing Pharmaceutical and Medicine Manufacturing
CBIO S Manufacturing Pharmaceutical and Medicine Manufacturing
CBIO S Manufacturing Pharmaceutical and Medicine Manufacturing
CBIO S Manufacturing Pharmaceutical and Medicine Manufacturing
TSG S Arts, Entertainment, and Recreation Other Gambling Industries
TSG S Arts, Entertainment, and Recreation Other Gambling Industries
TSG S Arts, Entertainment, and Recreation Other Gambling Industries
DPLO S Manufacturing Pharmaceutical and Medicine Manufacturing
DPLO S Manufacturing Pharmaceutical and Medicine Manufacturing
DPLO S Manufacturing Pharmaceutical and Medicine Manufacturing

Today’s a new day and I am prepared for the market open with 14 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 14 strategies selected today 11 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The Looking For Bounce 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 62 Buyers Stepping In Long
2 64.7 Heating Up Long
3 60.3 Knocking on Resistance Short
4 60 Little Big Guy Long
5 79.1 Looking for Bounce Long
6 64.6 Mighty Mouse Long
7 64.9 On Support Long
8 74.5 Pushing Through Resistance Long
9 70 Putting on the Breaks Short
10 68.6 Quarterback Long
11 59.2 Slippery Slope Short
12 63.3 Strong Stock Pulling Back Long
13 62.8 Sunrise Mover Long
14 62.9 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.

“Inquire about sponsorship opportunities for this series at info@trade-ideas.com.”

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence