“Selling Strength” Leads 7 Algos, 3 Short: Holly Morning Huddle

“Selling Strength” Leads 7 Algos, 3 Short: Holly Morning Huddle

Jul 26, 2017

“Selling Strength” Leads The Daily Regime of Optimized Algorithms

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

As of today, Wednesday, July 26, 2017, the return from my trading performance since January 1 stands at +62.9 accumulated profit points vs the benchmark SPY’s performance of +23.8 points over the same period. On Tuesday my performance was higher +1.2 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 down -.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.4 points.

26 stocks traded yesterday: 26 long stocks traded in the following sectors. 5/13 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
ECPG L Finance and Insurance Portfolio Management
USCR L Manufacturing Other Concrete Product Manufacturing
FTR L Information Other Telecommunications
WPRT L Manufacturing Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
M L Retail Trade Other Clothing Stores
MKC L Manufacturing Seasoning and Dressing Manufacturing
REV L Retail Trade Cosmetics, Beauty Supplies, and Perfume Stores
HZO L Retail Trade Motorcycle, Boat, and Other Motor Vehicle Dealers
QBAK L Manufacturing Manufacturing and Reproducing Magnetic and Optical Media
X L Manufacturing Forging and Stamping
DAIO L Manufacturing Semiconductor and Other Electronic Component Manufacturing
CNK L Information Motion Picture and Video Exhibition
WAC L Finance and Insurance Mortgage and Nonmortgage Loan Brokers
TRST L Finance and Insurance Commercial Banking
DK L Manufacturing Petroleum Refineries
SORL L Manufacturing Motor Vehicle Brake System Manufacturing
RFP L Manufacturing Paper Mills
SFL L Transportation and Warehousing Deep Sea, Coastal, and Great Lakes Water Transportation
NRCIA L Health Care and Social Assistance Offices of All Other Health Practitioners
UAL L Transportation and Warehousing Scheduled Air Transportation
TECK L Mining, Quarrying, and Oil and Gas Extraction Other Metal Ore Mining
SND L Mining, Quarrying, and Oil and Gas Extraction Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying
SWFT L Transportation and Warehousing General Freight Trucking, Long-Distance
OXY L Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
COP L Manufacturing Petroleum Refineries
JBLU L Transportation and Warehousing Scheduled Air Transportation

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 Selling Strength 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 59.2 Breakout Long
2 59.7 Count De Monet Long
3 60 Cuts Like a Knife Short
4 63.1 On Support Long
5 62.8 Putting on the Breaks Short
6 64.5 Selling Strength Short
7 51.6 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