“No Fear Short Here” Leads The Daily Regime of Optimized Algorithms
Good morning. No Fear Short Here, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Wednesday, June 14, 2017, the return from my trading performance since January 1 stands at +48.8 accumulated profit points vs the benchmark SPY’s performance of +20.9 points over the same period. On Tuesday my performance was lower -0.8 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 +1.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.2 points.
25 stocks traded yesterday: 24 long and 1 stock traded short in the following sectors. 11/25 were in the Manufacturing sector.
|PRTK||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|IONS||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|ONCE||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|REXX||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|KGJI||L||Manufacturing||Jewelry and Silverware Manufacturing|
|NTRI||L||Other Services (except Public Administration)||All Other Personal Services|
|BAS||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|PCRX||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|CONE||L||Finance and Insurance||Miscellaneous Intermediation|
|MIME||L||Professional, Scientific, and Technical Services||Computer Systems Design and Related Services|
|TGH||L||Real Estate and Rental and Leasing||Other Commercial and Industrial Machinery and Equipment Rental and Leasing|
|BPMC||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|UIHC||L||Finance and Insurance||Direct Insurance (except Life, Health, and Medical) Carriers|
|MYCC||L||Arts, Entertainment, and Recreation||Golf Courses and Country Clubs|
|GATX||L||Real Estate and Rental and Leasing||Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing|
|DRYS||S||Transportation and Warehousing||Deep Sea, Coastal, and Great Lakes Water Transportation|
|MRAM||L||Manufacturing||Computer and Peripheral Equipment Manufacturing|
|TRTN||L||Real Estate and Rental and Leasing||Other Commercial and Industrial Machinery and Equipment Rental and Leasing|
|HYGS||L||Manufacturing||Electrical Equipment Manufacturing|
|CTRV||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|FOE||L||Manufacturing||Paint and Coating Manufacturing|
|KEM||L||Manufacturing||Alumina and Aluminum Production and Processing|
Today’s a new day and I am prepared for the market open with 10 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 10 strategies selected today 6 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The No Fear Short Here strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|5||62.3||Looking for Bounce||Long|
|6||70||No Fear Short Here||Short|
|7||69.4||Putting on the Breaks||Short|
|8||61||Strong Stock Pulling Back||Long|
|10||52.7||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