“On Support” Leads 7 Algos, 7 Long: Holly Morning Huddle
“On Support” Leads 7 Algos, 7 Long: Holly Morning Huddle
Nov 7, 2017
“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 7, 2017, the return from my trading performance since January 1 stands at +94.1 accumulated profit points vs the benchmark SPY’s performance of +35.2 points over the same period. On Monday my performance was higher +1.6 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 Monday. the SPY was up +.4. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +3.6 points.
17 stocks traded yesterday: 17 long stocks traded in the following sectors. 6/17 were in the Manufacturing sector.
Symbol | L/S | Sector | Sub Industry |
SPCB | L | Manufacturing | Semiconductor and Other Electronic Component Manufacturing |
NGVC | L | Retail Trade | Supermarkets and Other Grocery (except Convenience) Stores |
FMC | L | Manufacturing | Other Basic Inorganic Chemical Manufacturing |
OTEX | L | Professional, Scientific, and Technical Services | Computer Systems Design and Related Services |
UNT | L | Mining, Quarrying, and Oil and Gas Extraction | Support Activities for Mining |
CBT | L | Manufacturing | Other Basic Inorganic Chemical Manufacturing |
RENN | L | Arts, Entertainment, and Recreation | All Other Amusement and Recreation Industries |
ESTE | L | Mining, Quarrying, and Oil and Gas Extraction | Oil and Gas Extraction |
DISCA | L | Information | Wired Telecommunications Carriers |
MTZ | L | Construction | Power and Communication Line and Related Structures Construction |
CRUS | L | Manufacturing | Semiconductor and Other Electronic Component Manufacturing |
PNK | L | Arts, Entertainment, and Recreation | Other Gambling Industries |
AOBC | L | Manufacturing | All Other Fabricated Metal Product Manufacturing |
CRK | L | Mining, Quarrying, and Oil and Gas Extraction | Oil and Gas Extraction |
MUR | L | Mining, Quarrying, and Oil and Gas Extraction | Oil and Gas Extraction |
BX | L | Finance and Insurance | Investment Advice |
CTRL | L | Manufacturing | Communication and Energy Wire and Cable Manufacturing |
Today’s a new day and I am prepared for the market open with 7 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 7 strategies selected today 7 are Long, bullish 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:
No. | Test Win% | Strategy | L/S |
1 | 63 | Breakout | Long |
2 | 64.9 | Bullish Trend Change | Long |
3 | 60 | Got Dough Wants To Go | Long |
4 | 69 | On Support | Long |
5 | 60.7 | Quarterback | Long |
6 | 67.4 | Tailwind | Long |
7 | 66.9 | 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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Best regards,
Holly
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
Actionable Market Intelligence