“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.

“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