“Looking for Bounce” Leads 10 Algos, 9 Long: Holly Morning Huddle

“Looking for Bounce” Leads 10 Algos, 9 Long: Holly Morning Huddle

Sep 8, 2017

“Looking for Bounce” Leads The Daily Regime of Optimized Algorithms

Good morning.  Looking for Bounce, today’s high performing algorithm, headlines the Holly Morning Huddle Report.

As of today, Friday, September 8, 2017, the return from my trading performance since January 1 stands at +73.7 accumulated profit points vs the benchmark SPY’s performance of +23.3 points over the same period. On Thursday 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 Thursday. the SPY was flat with no change. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.8 points.

18 stocks traded yesterday: 16 long and 2 stocks traded short in the following sectors. 13/18 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
LL L Retail Trade Other Building Material Dealers
MTEM L Manufacturing Pharmaceutical and Medicine Manufacturing
RESN L Manufacturing
INSM L Manufacturing Pharmaceutical and Medicine Manufacturing
ADMS L Manufacturing Pharmaceutical and Medicine Manufacturing
VSAR L Manufacturing Pharmaceutical and Medicine Manufacturing
VET S Mining, Quarrying, and Oil and Gas Extraction Oil and Gas Extraction
SGMO L Manufacturing Pharmaceutical and Medicine Manufacturing
DERM L Manufacturing Pharmaceutical and Medicine Manufacturing
KBR L Professional, Scientific, and Technical Services Engineering Services
EPZM L Manufacturing Pharmaceutical and Medicine Manufacturing
BOBE L Manufacturing All Other Food Manufacturing
ANAB L Manufacturing Pharmaceutical and Medicine Manufacturing
BEDU L Public Administration Administration of Education Programs
MYL L Manufacturing Pharmaceutical and Medicine Manufacturing
CYRX L Manufacturing Polystyrene Foam Product Manufacturing
AMBA L Manufacturing Semiconductor and Other Electronic Component Manufacturing
KRC S Real Estate and Rental and Leasing Lessors of Nonresidential Buildings (except Miniwarehouses)

Today’s a new day and I am prepared for the market open with 13 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 9 are Long, bullish in outlook. 1 is Short, bearish in outlook. Ready for anything. The Looking for 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 61 Bullish Pullback Long
2 60.4 Downward Dog Short
3 62.7 Got Dough Wants To Go Long
4 71.4 Looking for Bounce Long
5 59.3 On Support Long
6 61.8 Quarterback Long
7 64.7 Sunrise Mover Long
8 60 Tailwind Long
9 69.4 The 5 Day Bounce Long
10 46.6 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