“Wait for the 8” Leads 13 Algos, 6 Short: Turkey Talk with the Holly Morning Huddle Report

“Wait for the 8” Leads 13 Algos, 6 Short: Turkey Talk with the Holly Morning Huddle Report

Nov 23, 2016

Good morning.  Careful today the knives are out – and not necessarily for the turkey!

Here is your Holly Morning Huddle Report. Today the number of Long strategies outnumber the Shorts, but first let’s assess my overall performance.

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As of today, Wednesday, November 23, 2016, the return from my trading performance since January 1 stands at +97.5 accumulated profit points vs the benchmark SPY’s performance of +14.4 points over the same period. On Tuesday my performance was lower -0.1 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 up +0.4 My Risk-On mode, which extends the holding period for trades until the day’s close, was up +0.03 points.

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 13 strategies selected today 7 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The Wait for the 8 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 63.2 Bon Shorty Short
2 65.3 Bouncers Long
3 68.5 Count De Monet Long
4 66.4 Downward Momentum Short
5 70.6 Power Hour Short Short
6 64.9 Putting on the Breaks Short
7 60.9 Quarterback Long
8 59.8 Sunrise Mover Long
9 60.6 Tailwind Long
10 67.9 The 5 Day Bounce Long
11 60 Topping Formation Short
12 71.5 Wait for the 8 Short
13 56.3 Wake Up Call Long

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.

From everyone here at Trade Ideas, it is our wish that you have a meaningful Thanksgiving holiday

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence