“Strong Stock Pulling Back” Leads The Daily Regime of Optimized Algorithms

Good morning.  “‘Strong Stock Pulling Back’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

As of today, Friday, April 26, 2019, the return from my trading performance since January 1 stands at +116.8 accumulated profit points vs the benchmark SPY’s performance of +24.5 points over the same period. On Thursday my performance was flat 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 Thursday, the SPY was down -0.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.7 points.

33 stocks traded yesterday: 24 long and 9 stocks traded short in the following sectors. 9/33 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 18 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 18 strategies selected today 11 are Long, bullish in outlook. 7 are Short, bearish in outlook. Ready for anything. The Strong Stock Pulling Back 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	68.8	Bullish Pullback	Long
2	61.9	Downward Dog	Short
3	61.4	Downward Momentum	Short
4	60.4	Float On	Long
5	61.8	Got Dough Wants To Go	Long
6	66.7	Knocking on Resistance	Short
7	69.6	Looking for Bounce	Long
8	60.6	Mighty Mouse	Long
9	60.4	Nickelback	Long
10	59.8	Power Hour Short	Short
11	63.2	Putting on the Breaks	Short
12	63.2	Selling Strength	Short
13	71	Strong Stock Pulling Back	Long
14	61.9	Sunrise Mover	Long
15	59.5	Tailwind	Long
16	60.4	Topping Formation	Short
17	59.1	Trend Trend Play	Long
18	66.2	Yesterday Hammer Today Strength	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