“Looking For Bounce” Leads 9 Algos, 8 Long: Holly Morning Huddle
“Looking For Bounce” Leads 9 Algos, 8 Long: Holly Morning Huddle
Oct 11, 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, Wednesday, October 11, 2017, the return from my trading performance since January 1 stands at +86.3 accumulated profit points vs the benchmark SPY’s performance of +31.0 points over the same period. On Tuesday my performance was higher +.7 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 +.7. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.2 points.
13 stocks traded yesterday: 12 long and 1 stock traded short in the following sectors. 7/13 were in the Manufacturing sector.
Symbol | L/S | Sector | Sub Industry |
FPRX | L | Manufacturing | Pharmaceutical and Medicine Manufacturing |
SND | L | Mining, Quarrying, and Oil and Gas Extraction | Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying |
GRUB | L | Information | Internet Publishing and Broadcasting and Web Search Portals |
WTW | L | Other Services (except Public Administration) | Other Personal Care Services |
WMGI | L | Manufacturing | Medical Equipment and Supplies Manufacturing |
CLSN | L | Manufacturing | Pharmaceutical and Medicine Manufacturing |
SNCR | L | Professional, Scientific, and Technical Services | Computer Systems Design and Related Services |
ARDM | L | Manufacturing | Navigational, Measuring, Electromedical, and Control Instruments Manufacturing |
DISH | L | Information | Cable and Other Subscription Programming |
CMTL | S | Manufacturing | Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing |
BIOP | L | Finance and Insurance | All Other Financial Investment Activities |
UBNT | L | Manufacturing | Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing |
HOG | L | Manufacturing | Other Transportation Equipment Manufacturing |
Today’s a new day and I am prepared for the market open with 9 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 9 strategies selected today 8 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 | 62.3 | Bullish Pullback | Long |
2 | 61.9 | Count De Monet | Long |
3 | 62 | Downward Dog | Short |
4 | 62 | Early Bird | Long |
5 | 76.9 | Looking for Bounce | Long |
6 | 71.2 | Mighty Mouse | Long |
7 | 60.9 | On Support | Long |
8 | 66.7 | Quarterback | Long |
9 | 62.5 | Tailwind | 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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Best regards,
Holly
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence