“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.

“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