“On Support” Leads 11 Algos, 8 Long: Holly Morning Huddle

“On Support” Leads 11 Algos, 8 Long: Holly Morning Huddle

Mar 29, 2017

Good morning.  On Support, today’s high performing algorithm, headlines the Holly Morning Huddle Report.


As of today, Wednesday, March 29, 2017, the return from my trading performance since January 1 stands at +24.1 accumulated profit points vs the benchmark SPY’s performance of +11.8 points over the same period. On Tuesday my performance was higher +.30 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 +1.7. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.5 points.

24 stocks traded yesterday: 24 long stocks traded in the following sectors. 3/8 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
LTS L Finance and Insurance Securities Brokerage
SEDG L Manufacturing Semiconductor and Other Electronic Component Manufacturing
VECO L Manufacturing
FH L Information Other Telecommunications
JONE L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
ONDK L Finance and Insurance Credit Unions
AGRX L Manufacturing Pharmaceutical and Medicine Manufacturing
DAL L Transportation and Warehousing Scheduled Air Transportation
SSI L Retail Trade Other Clothing Stores
AXSM L Manufacturing Pharmaceutical and Medicine Manufacturing
GRAM L
RGSE L Manufacturing Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
HCLP L Mining, Quarrying, and Oil and Gas Extraction Other Nonmetallic Mineral Mining and Quarrying
BCEI L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
FIVE L Retail Trade All Other General Merchandise Stores
EOG L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
UNIT L Real Estate and Rental and Leasing Other Commercial and Industrial Machinery and Equipment Rental and Leasing
SENS L Health Care and Social Assistance Medical and Diagnostic Laboratories
ADPT L Health Care and Social Assistance Specialty (except Psychiatric and Substance Abuse) Hospitals
NAKD L Manufacturing All Other Textile Product Mills
OPTT L Manufacturing
LTRX L Manufacturing Other Communications Equipment Manufacturing
CRC L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
INSY L Manufacturing Pharmaceutical and Medicine Manufacturing

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 8 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The On Support 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 59.4 Bon Shorty Short
2 62.7 Bullish Trend Change Long
3 60.4 Cant Stop It Long
4 55.6 Carpe De Alpha Long
5 60.8 Count De Monet Long
6 61.9 Cuts Like a Knife Short
7 70.9 On Support Long
8 69 Power Hour Short Short
9 71.1 Pushing Through Resistance Long
10 62.3 Sunrise Mover Long
11 53 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