“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, Monday, April 16, 2018, the return from my trading performance since January 1 stands at +130.7 accumulated profit points vs the benchmark SPY’s performance of +41.5 points over the same period. On Friday my performance was higher +.6 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 Friday. the SPY was down -.8. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.1 points.
18 stocks traded yesterday: 14 long and 4 stocks traded short in the following sectors. 1/2 were in the Manufacturing sector.
|AU||L||Mining, Quarrying, and Oil and Gas Extraction||Gold Ore and Silver Ore Mining|
|CASA||L||Manufacturing||Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing|
|ALOT||L||Manufacturing||Commercial and Service Industry Machinery Manufacturing|
|PTIE||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|CVA||L||Administrative and Support and Waste Management and Remediation Services||Waste Treatment and Disposal|
|NBLX||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|KW||L||Real Estate and Rental and Leasing||Lessors of Other Real Estate Property|
|HEAR||S||Manufacturing||Other Communications Equipment Manufacturing|
|ABEO||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|NOAH||L||Finance and Insurance||Investment Advice|
|ABEO||S||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|PZZA||S||Accommodation and Food Services|
|WLL||L||Mining, Quarrying, and Oil and Gas Extraction|
|AEM||L||Mining, Quarrying, and Oil and Gas Extraction||Gold Ore and Silver Ore Mining|
|STX||L||Manufacturing||Computer and Peripheral Equipment Manufacturing|
|ATI||L||Manufacturing||Metalworking Machinery Manufacturing|
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 8 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The On Support strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|3||60.4||Cuts Like a Knife||Short|
|7||60.5||Power Hour Long||Long|
|8||61.5||Pushing Through Resistance||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