“Float On” Leads The Daily Regime of Optimized Algorithms

Good morning.  “‘Float On’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

As of today, Wednesday, May 9, 2018, the return from my trading performance since January 1 stands at +146.5 accumulated profit points vs the benchmark SPY’s performance of +43.3 points over the same period. On Thursday my performance was higher +1.7 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 flat. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.7 points.

16 stocks traded yesterday: 7 long and 9 stocks traded short in the following sectors. 9/16 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
EGY L Mining, Quarrying, and Oil and Gas Extraction
CRCM L Information Internet Publishing and Broadcasting and Web Search Portals
KRNY S Finance and Insurance Savings Institutions
XNCR S Manufacturing Pharmaceutical and Medicine Manufacturing
FSS S Manufacturing
SGMO S Manufacturing Pharmaceutical and Medicine Manufacturing
MGNX S Manufacturing Pharmaceutical and Medicine Manufacturing
KMT L Manufacturing Metalworking Machinery Manufacturing
FAST L Construction Other Building Equipment Contractors
UA L Manufacturing Men’s and Boys’ Cut and Sew Apparel Manufacturing
AME L Manufacturing
BCOV L Information Software Publishers
LCI S Manufacturing Pharmaceutical and Medicine Manufacturing
NLS S Manufacturing Sporting and Athletic Goods Manufacturing
VICI S Real Estate and Rental and Leasing Other Activities Related to Real Estate
KBR S Professional, Scientific, and Technical Services Engineering Services

Today’s a new day and I am prepared for the market open with 8 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 8 strategies selected today 6 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The Float On strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Win% Strategy L/S
1 60.9 Bon Shorty Short
2 66.7 Float On Long
3 62.7 Knocking on Resistance Short
4 60.8 Little Big Guy Long
5 62.7 Nice Chart Long
6 61.5 On Support Long
7 60 Power Hour Long Long
8 59.2 Sunrise Mover 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