“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