“On Support” Leads The Daily Regime of Optimized Algorithms
Good morning. On Support, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Tuesday, November 14, 2017, the return from my trading performance since January 1 stands at +97.8 accumulated profit points vs the benchmark SPY’s performance of +34.7 points over the same period. On Monday 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 Monday. the SPY was up +.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.0 points.
11 stocks traded yesterday: 10 long and 1 stock traded short in the following sectors. 4/11 were in the Manufacturing sector.
|SWCH||L||Professional, Scientific, and Technical Services||Computer Systems Design and Related Services|
|YIN||L||Finance and Insurance||Commodity Contracts Brokerage|
|KALA||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|HALO||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|BWP||L||Transportation and Warehousing||Pipeline Transportation of Natural Gas|
|WTT||L||Manufacturing||Other Communications Equipment Manufacturing|
|ZOES||L||Accommodation and Food Services|
|ABCD||L||Educational Services||Educational Support Services|
|GMED||S||Manufacturing||Medical Equipment and Supplies Manufacturing|
|WU||L||Finance and Insurance||Financial Transactions Processing, Reserve, and Clearinghouse Activities|
|SYY||L||Wholesale Trade||Packaged Frozen Food Merchant Wholesalers|
Today’s a new day and I am prepared for the market open with 11 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 11 strategies selected today 10 are Long, bullish in outlook. 1 is Short, bearish in outlook. Ready for anything. The Wait for the 8 strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|2||60||Buyers Stepping In||Long|
|3||66.3||Got Dough Wants To Go||Long|
|4||62.7||Little Big Guy||Long|
|5||72.2||Looking for Bounce||Long|
|10||61.4||Strong Stock Pulling Back||Long|
|11||64.2||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