“Looking for Bounce” Leads 9 Algos, 8 Long: Holly Morning Huddle
“Looking for Bounce” Leads 9 Algos, 8 Long: Holly Morning Huddle
Nov 22, 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, November 22, 2017, the return from my trading performance since January 1 stands at +99.8 accumulated profit points vs the benchmark SPY’s performance of +36.4 points over the same period. On Tuesday my performance was lower -0.2 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 Tuesday. the SPY was up +1.7. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.9 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 |
SELB | S | Manufacturing | Pharmaceutical and Medicine Manufacturing |
HIW | L | Real Estate and Rental and Leasing | Lessors of Other Real Estate Property |
ARC | L | Administrative and Support and Waste Management and Remediation Services | Other Business Support Services |
EVTC | L | Professional, Scientific, and Technical Services | Computer Systems Design and Related Services |
UPLD | L | Wholesale Trade | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers |
OSUR | L | Manufacturing | Medical Equipment and Supplies Manufacturing |
LMFA | L | Finance and Insurance | Other Activities Related to Credit Intermediation |
AXGN | L | Manufacturing | Navigational, Measuring, Electromedical, and Control Instruments Manufacturing |
PETZ | L | Manufacturing | Animal Food Manufacturing |
NEXA | L | Mining, Quarrying, and Oil and Gas Extraction | Other Metal Ore Mining |
SGH | L | Manufacturing | Computer and Peripheral Equipment Manufacturing |
SORL | L | Manufacturing | Motor Vehicle Brake System Manufacturing |
OCLR | L | Manufacturing | Commercial and Service Industry Machinery 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 | 66.7 | Count De Monet | Long |
2 | 66.3 | Downward Dog | Short |
3 | 60 | Float On | Long |
4 | 66.7 | Little Big Guy | Long |
5 | 70 | Looking for Bounce | Long |
6 | 62.9 | Mighty Mouse | Long |
7 | 59.9 | On Support | Long |
8 | 60.4 | Tailwind | Long |
9 | 53 | 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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Best regards,
Holly
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence