“The 5-Day Bounce” Leads 7 Algos, 5 Long: Holly Morning Huddle
“The 5-Day Bounce” Leads 7 Algos, 5 Long: Holly Morning Huddle
Aug 23, 2017
“The 5-Day Bounce” Leads The Daily Regime of Optimized Algorithms
Good morning. The 5-Day Bounce, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Wednesday, August 23, 2017, the return from my trading performance since January 1 stands at +69.5 accumulated profit points vs the benchmark SPY’s performance of +21.8 points over the same period. On Tuesday my performance was higher +.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 up +2.5. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.2 points.
11 stocks traded yesterday: 11 long stocks traded in the following sectors. 6/11 were in the Manufacturing sector.
Symbol | L/S | Sector | Sub Industry |
GPRE | L | Manufacturing | Other Basic Organic Chemical Manufacturing |
DNOW | L | Manufacturing | Mining and Oil and Gas Field Machinery Manufacturing |
UIS | L | Professional, Scientific, and Technical Services | Computer Systems Design and Related Services |
VMC | L | Mining, Quarrying, and Oil and Gas Extraction | Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying |
TNXP | L | Manufacturing | Pharmaceutical and Medicine Manufacturing |
DLTH | L | Retail Trade | All Other Miscellaneous Store Retailers |
AVXL | L | Manufacturing | Pharmaceutical and Medicine Manufacturing |
PQ | L | Mining, Quarrying, and Oil and Gas Extraction | Oil and Gas Extraction |
JNCE | L | Manufacturing | Pharmaceutical and Medicine Manufacturing |
UA | L | Manufacturing | Men’s and Boys’ Cut and Sew Apparel Manufacturing |
WLL | L | Mining, Quarrying, and Oil and Gas Extraction | Oil and Gas Extraction |
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 5 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The 5-Day Bounce 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 | 70.3 | Breakout | Long |
2 | 61.1 | Downward Dog | Short |
3 | 61.8 | Mighty Mouse | Long |
4 | 71 | Power Hour Long | Long |
5 | 71.9 | The 5 Day Bounce | Long |
6 | 66.7 | Topping Formation | Short |
7 | 45.5 | 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.
“Inquire about sponsorship opportunities for this series at info@trade-ideas.com.”
Best regards,
Holly
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence