“Downward Momentum” Leads The Daily Regime of Optimized Algorithms

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

As of today, Wednesday, May 8, 2019, the return from my trading performance since January 1 stands at +98.0 accumulated profit points vs the benchmark SPY’s performance of +12.8 points over the same period. On Thursday my performance was lower -0.1 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 Thusday, the SPY was up +1.1. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.4 points.

20 stocks traded yesterday: 14 long and 6 stocks traded short in the following sectors. 3/5 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 20 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 20 strategies selected today 14 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The Downward Momentum 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	59.8	Bon Shorty	Short
2	70.5	Breakout	Long
3	66	Bullish Trend Change	Long
4	64.5	Buyers Stepping In	Long
5	74.2	Downward Momentum	Short
6	61.1	Float On	Long
7	60	Got Dough Wants To Go	Long
8	63.9	Looking for Bounce	Long
9	60.5	Nickelback	Long
10	63.9	On Support	Long
11	59.4	Power Hour Short	Short
12	59.8	Pushing Through Resistance	Long
13	68.6	Putting on the Breaks	Short
14	63.6	Quarterback	Long
15	64.3	Selling Strength	Short
16	60.3	Strong Stock Pulling Back	Long
17	64.3	Sunrise Mover	Long
18	59.8	Tailwind	Long
19	63	The 5 Day Bounce	Long
20	64.3	Topping Formation	Short

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