“Topping Formation” Leads 9 Algos, 4 Short: Holly Morning Huddle

Good morning.  With Good Friday the markets were closed. Holly, however, is already finished her processing of the latest market data and has prepared her report for Monday. Topping Formation, today’s high performing algorithm, headlines the Holly Morning Huddle Report.

As of Monday, April 17, 2017, the return from my trading performance since January 1 stands at +29.1 accumulated profit points vs the benchmark SPY’s performance of +9.0 points over the same period. On Thursday, before the Friday holiday, my performance was lower -0.3 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 -1.5. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.4 points.

19 stocks traded yesterday: 19 long and 2 stocks traded short in the following sectors. 8/19 were in the Manufacturing sector.

Symbol	L/S	Sector	Sub Industry
DISH	S	Information	Cable and Other Subscription Programming
IDT	L	Information	Other Telecommunications
CQP	L	Transportation and Warehousing	Pipeline Transportation of Natural Gas
EE	L	Utilities	Electric Power Generation
PLSE	S	Manufacturing	Medical Equipment and Supplies Manufacturing
CYRX	L	Manufacturing	Polystyrene Foam Product Manufacturing
WFC	L	Finance and Insurance	Commercial Banking
TAHO	L	Mining, Quarrying, and Oil and Gas Extraction	Gold Ore and Silver Ore Mining
PEIX	L	Manufacturing	Petroleum Refineries
IONS	L	Manufacturing	Pharmaceutical and Medicine Manufacturing
IONS	L	Manufacturing	Pharmaceutical and Medicine Manufacturing
OPGN	L	Health Care and Social Assistance	Medical and Diagnostic Laboratories
SSL	L	Manufacturing	Petroleum Refineries
URRE	L	Mining, Quarrying, and Oil and Gas Extraction	Other Metal Ore Mining
MIME	L	Professional, Scientific, and Technical Services	Computer Systems Design and Related Services
VRAY	L	Manufacturing	Navigational, Measuring, Electromedical, and Control Instruments Manufacturing
CTRE	L	Real Estate and Rental and Leasing	Lessors of Other Real Estate Property
HUBG	L	Transportation and Warehousing	Freight Transportation Arrangement
BLL	L	Manufacturing	Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing

Today’s a new day and I am prepared for the market open with 9 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 9 strategies selected today 5 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The Topping Formation 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	51.2	Carpe De Alpha	Long
2	63.5	Looking for Bounce	Long
3	60.2	On Support	Long
4	67.1	Power Hour Short	Short
5	65.9	Putting on the Breaks	Short
6	63.6	Selling Strength	Short
7	62	Tailwind	Long
8	70.5	Topping Formation	Short
9	53.9	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