“Pushing Through Resistance” Leads 7 Algos, 7 Long: Holly Morning Huddle

“Pushing Through Resistance” Leads 7 Algos, 7 Long: Holly Morning Huddle

Aug 9, 2017

“Pushing Through Resistance” Leads The Daily Regime of Optimized Algorithms

Good morning.  Pushing Through Resistance, today’s high performing algorithm, headlines the Holly Morning Huddle Report.

As of today, Wednesday, August 9, 2017, the return from my trading performance since January 1 stands at +63.6 accumulated profit points vs the benchmark SPY’s performance of +23.6 points over the same period. On Tuesday my performance was higher +1.1 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 Tuesday. the SPY was down -.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.1 points.

17 stocks traded yesterday: 17 long stocks traded in the following sectors. 9/17 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
PODD L Manufacturing Medical Equipment and Supplies Manufacturing
METC L Mining, Quarrying, and Oil and Gas Extraction Coal Mining
AJX L Real Estate and Rental and Leasing Other Activities Related to Real Estate
TNP L Transportation and Warehousing Deep Sea, Coastal, and Great Lakes Water Transportation
SPWH L Retail Trade Sporting Goods Stores
CTMX L Manufacturing Pharmaceutical and Medicine Manufacturing
NUS L Wholesale Trade Drugs and Druggists’ Sundries Merchant Wholesalers
VSAR L Manufacturing Pharmaceutical and Medicine Manufacturing
PXLW L Manufacturing Semiconductor and Other Electronic Component Manufacturing
ZOES L Accommodation and Food Services
AA L Manufacturing Alumina and Aluminum Production and Processing
AMBA L Manufacturing Semiconductor and Other Electronic Component Manufacturing
WTW L Other Services (except Public Administration) Other Personal Care Services
EFII L Manufacturing Printing
TTWO L Information Software Publishers
IRWD L Manufacturing Pharmaceutical and Medicine Manufacturing
TEVA L Manufacturing Pharmaceutical and Medicine Manufacturing

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 7 are Long, bullish in outlook. Ready for anything. The Pushing Through Resistance 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 59.8 Count De Monet Long
2 60.9 Looking for Bounce Long
3 64.8 Mighty Mouse Long
4 64.4 Pushing Through Resistance Long
5 61.9 Quarterback Long
6 64.2 Sunrise Mover Long
7 51.7 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