“Float On” Leads 11 Algos, 7 Long: Holly Morning Huddle Report

“Float On” Leads 11 Algos, 7 Long: Holly Morning Huddle Report

Nov 14, 2016

Good morning.  Here is your Holly Morning Huddle Report. Today the number of Long strategies outnumber the Shorts, but first let’s assess my overall performance.
Holly Trade Ideas market performance
As of today, Monday, November 14, 2016, the return from my trading performance since January 1 stands at +96.4 accumulated profit points vs the benchmark SPY’s performance o+10.2 points over the same period. On Friday my performance was higher +1.3 points 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 Friday, the SPY was down -.5. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.0 points.

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 Float On strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Win% Strategy L/S
1 60.5 Downward Momentum Short
2 72.1 Float On Long
3 59.3 Mighty Mouse Long
4 63.9 Power Hour Short Short
5 72.0 Pushing Through Resistance Long
6 61.5 Slippery Slope Short
7 69.0 Strong Stock Pulling Back Long
8 59.5 Sunrise Mover Long
9 61.7 The 5 Day Bounce Long
10 71.8 Wait for the 8 Short
11 51.5 Wake Up Call 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.

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence