“Selling Strength” Leads 10 Algos, 2 Short: Holly Morning Huddle

“Selling Strength” Leads 10 Algos, 2 Short: Holly Morning Huddle

Jul 14, 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, Friday, July 14, 2017, the return from my trading performance since January 1 stands at +57.6 accumulated profit points vs the benchmark SPY’s performance of +20.8 points over the same period. On Thursday my performance was higher +.1 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 +.4. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.7 points.

24 stocks traded yesterday: 20 long and 4 stocks traded short in the following sectors. 11/24 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
STLD L Manufacturing Iron and Steel Mills and Ferroalloy Manufacturing
X L Manufacturing Forging and Stamping
NUE L Manufacturing Iron and Steel Mills and Ferroalloy Manufacturing
HIIQ L Health Care and Social Assistance Other Outpatient Care Centers
NYLD L Utilities Electric Power Generation
SIEN L Manufacturing Medical Equipment and Supplies Manufacturing
RADA L Manufacturing Other Transportation Equipment Manufacturing
GEMP L Manufacturing Pharmaceutical and Medicine Manufacturing
BZH L Construction Residential Building Construction
BLFS L Manufacturing Medical Equipment and Supplies Manufacturing
CTRP S Administrative and Support and Waste Management and Remediation Services Travel Agencies
REN S Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
GPOR S Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
ICHR S Manufacturing Semiconductor and Other Electronic Component Manufacturing
OSG L Transportation and Warehousing Deep Sea, Coastal, and Great Lakes Water Transportation
AEM L Mining, Quarrying, and Oil and Gas Extraction Gold Ore and Silver Ore Mining
COMM L Manufacturing Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
TTD L Professional, Scientific, and Technical Services Computer Systems Design and Related Services
LILAK L Information Cable and Other Subscription Programming
SPI L Manufacturing Semiconductor and Other Electronic Component Manufacturing
TSCO L Retail Trade All Other Miscellaneous Store Retailers
IP L Manufacturing Paperboard Container Manufacturing
ICE L Finance and Insurance Securities and Commodity Exchanges
DKS L Retail Trade Sporting Goods Stores

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 8 are Long, bullish in outlook. 2 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 66.7 Float On Long
2 59.2 Looking for Bounce Long
3 61.7 Not a Double Bottom Short
4 65.8 On Support Long
5 61.1 Power Hour Long Long
6 68.4 Selling Strength Short
7 59.2 Strong Stock Pulling Back Long
8 61.8 Sunrise Mover Long
9 62 Tailwind Long
10 51.2 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