Looking For Bounce Leads the Daily Regime of Optimized Algorithms

Manufacturing Leads the Sectors from Yesterday’s Activity

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

As of today, Friday, February 17, 2017, the return from my trading performance since January 1 stands at +118.1 accumulated profit points vs the benchmark SPY’s performance of +28.5 points over the same period. On Thursday my performance was higher +0.31 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 -0.20. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -2.8 points.

16 stocks traded yesterday: 14 long and 2 stocks traded short in the following sectors. 7/16 were in the Manufacturing sector.

Symbol L/S Sector
CARB L Information
ORIT S Finance and Insurance
MUSA L Wholesale Trade
EXAR L Manufacturing
AMAG L Manufacturing
HP L Mining, Quarrying, and Oil and Gas Extraction
BRG L Real Estate and Rental and Leasing
MAG L Mining, Quarrying, and Oil and Gas Extraction
DKS L Retail Trade
MNTA L Manufacturing
ZGNX L Manufacturing
CAG L Manufacturing
TRGP L Mining, Quarrying, and Oil and Gas Extraction
AOBC S Manufacturing
ADPT L Health Care and Social Assistance
OCUL L Manufacturing

Today’s a new day and I am prepared for the market open with 12 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 12 strategies selected today 10 are Long, bullish in outlook. 2 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 72.7 Bon Shorty Short
2 52.1 Bouncers Long
3 60 Bullish Trend Change Long
4 64.7 Buyers Stepping In Long
5 60 Float On Long
6 78 Looking for Bounce Long
7 61.2 Mighty Mouse Long
8 64.4 On Support Long
9 62.1 Power Hour Long Long
10 60 Strong Stock Pulling Back Long
11 67.7 Topping Formation Short
12 52.9 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

 

Get Our Trade Of The Week FREE!

Maybe you're a Trade Ideas subscriber. Maybe not. But we all like to get a trade idea!

Close this popup

Once a week we'll send a trade setup to your inbox, complete with a chart and how we identified it.

You'll learn how to spot more types of setups, and hopefully find one that helps your own trading.

Finding trades is what Trade Ideas users do multiple times every trading day. It doesn't matter if you trade once an hour, or once in a blue moon.

We'll help you spot and understand trade setups you want to jump on!

  • In your inbox weekly
  • Different types of setups each week
  • Full rationale and explanation of the setup
  • How you can spot the trade setup yourself