“Putting on the Breaks” Leads 7 Algos, 3 Short: Holly Morning Huddle
Good morning. Putting on the Breaks, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Friday, May 19, 2017, the return from my trading performance since January 1 stands at +39.9 accumulated profit points vs the benchmark SPY’s performance of +13.2 points over the same period. On Thursday my performance was higher +.4 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 up +1.0. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.4 points.
16 stocks traded yesterday: 13 long and 3 stocks traded short in the following sectors. 5/8 were in the Manufacturing sector.
|VJET||L||Manufacturing||Commercial and Service Industry Machinery Manufacturing|
|CAMT||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|CORI||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|SGRY||L||Health Care and Social Assistance||Other Outpatient Care Centers|
|PNTR||L||Manufacturing||Other Communications Equipment Manufacturing|
|GWB||S||Finance and Insurance||Commercial Banking|
|MLP||L||Real Estate and Rental and Leasing||Real Estate Property Managers|
|SYRS||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|OCUL||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|PSDV||L||Manufacturing||Navigational, Measuring, Electromedical, and Control Instruments Manufacturing|
|CCUR||L||Manufacturing||Computer and Peripheral Equipment Manufacturing|
|MOH||L||Finance and Insurance||Direct Life, Health, and Medical Insurance Carriers|
|AAWW||S||Transportation and Warehousing||Nonscheduled Air Transportation|
|INCR||L||Professional, Scientific, and Technical Services||Research and Development in the Physical, Engineering, and Life Sciences|
|FLXN||S||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|FBIO||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
Today’s a new day and I am prepared for the market open with 7 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 7 strategies selected today 4 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The Putting on the Breaks strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|3||61.5||Bullish Trend Change||Long|
|4||62.2||Cuts Like a Knife||Short|
|5||70||Putting on the Breaks||Short|
|7||55.1||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.
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence