“Putting on the Breaks” Leads The Daily Regime of Optimized Algorithms
Good morning. Putting on the Breaks, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Thursday, July 13, 2017, the return from my trading performance since January 1 stands at +57.5 accumulated profit points vs the benchmark SPY’s performance of +20.4 points over the same period. On Wednesday my performance was lower -0.4 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 Wednesday. the SPY was up +1.8. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.9 points.
20 stocks traded yesterday: 20 long stocks traded in the following sectors. 1/2 were in the Manufacturing sector.
|PCMI||L||Retail Trade||All Other Miscellaneous Store Retailers|
|AXSM||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|MX||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|QTNA||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|ELVT||L||Finance and Insurance||Other Depository Credit Intermediation|
|NVTR||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|MBUU||L||Manufacturing||Ship and Boat Building|
|ENTL||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|CORI||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|SUNW||L||Manufacturing||Semiconductor and Other Electronic Component Manufacturing|
|CASC||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|CHGG||L||Educational Services||Educational Support Services|
|CTMX||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|CBI||L||Construction||All Other Specialty Trade Contractors|
|LPG||L||Transportation and Warehousing||Deep Sea, Coastal, and Great Lakes Water Transportation|
|ENT||L||Arts, Entertainment, and Recreation||All Other Amusement and Recreation Industries|
|TWTR||L||Information||All Other Information Services|
|ENVA||L||Finance and Insurance||Other Nondepository Credit Intermediation|
|SINO||L||Transportation and Warehousing||Freight Transportation Arrangement|
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 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:
|2||59.1||Buyers Stepping In||Long|
|4||61.5||Knocking on Resistance||Short|
|5||62||Looking for Bounce||Long|
|7||61.1||Power Hour Long||Long|
|8||63.4||Putting on the Breaks||Short|
|9||62.3||Strong Stock Pulling Back||Long|
|11||50.2||Wake Up Call||Long|
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.Have a great morning. See you in the markets!
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence