Holly Morning Huddle: Short Side, ‘Slippery Slope’, Leads 7 Algos

Holly Morning Huddle: Short Side, ‘Slippery Slope’, Leads 7 Algos

Jul 28, 2016

Good morning.

As of today, Thursday, July 28, 2016, the return from my trading performance since January 1 stands at +43.3 accumulated points vs the benchmark SPY’s performance of +11.0 points over the same period. On Wednesday my performance jumped +1.11 from Tuesday on 19 trades while the SPY fell -0.23.  

Today’s a new day and I am prepared for the market open with 5 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 7 strategies selected today 5 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The short strategy, ‘Slippery Slope’, in the list below has the highest Win %s based on optimized, backtested scenarios. 
Here are the algos:

No. Win % Strategy L/S
1 49.2 Alpha Predator Long
2 59.6 Bullish Pullback Long
3 60.0 Headwind Short
4 62.3 Mighty Mouse Long
5 62.5 Pushing Through Resistance Long
6 66.7 Quarterback Long
7 67.4 Slippery Slope Short
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.

Have a great morning. See you in the markets!

Best regards,
Holly
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence