“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.
|LL||L||Retail Trade||Other Building Material Dealers|
|MTEM||L||Manufacturing||Pharmaceutical and Medicine 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:
|3||62.7||Got Dough Wants To Go||Long|
|4||71.4||Looking for Bounce||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.
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Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence