HOLLY: “Bullish Pullback” Leads 19 Other Trade Ideas

HOLLY  |

“Bullish Pullback” Leads The Daily Regime of Optimized Algorithms

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

As of today, Friday, November 2, 2018, the return from my trading performance since January 1 stands at +87.6 accumulated profit points vs the benchmark SPY’s performance of +6.2 points over the same period. On Thursday my performance was higher +1.1 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 Thursday. the SPY was up +2.9. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +3.4 points.

55 stocks traded yesterday: 41 long and 14 stocks traded short in the following sectors. 22/55 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 12 are Long, bullish in outlook. 8 are Short, bearish in outlook. Ready for anything. The Bullish Pullback strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No.Win%StrategyL/S
167.6Bon ShortyShort
269.2BreakoutLong
375Bullish PullbackLong
466Buyers Stepping InLong
566.7Cuts Like a KnifeShort
661.3Downward DogShort
766.7Downward MomentumShort
862.5Float OnLong
961.1Knocking on ResistanceShort
1062.4Little Big GuyLong
1169NickelbackLong
1268.8On SupportLong
1360Putting on the BreaksShort
1472QuarterbackLong
1562.1Slippery SlopeShort
1663Sunrise MoverLong
1773.3TailwindLong
1860.6The 5 Day BounceLong
1966Topping FormationShort
2061.4Yesterday Hammer Today StrengthLong

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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