‘Downward Momentum’ Strategy 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, Monday, March 10, 2017, the return from my trading performance since January 1 stands at +26.7 accumulated profit points vs the benchmark SPY’s performance of +11.7 points over the same period. On Friday, my performance was lower -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 Monday, the SPY was up -.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.02 points.
24 stocks traded yesterday: 22 long and 2 stocks traded short in the following sectors. 1/2 were in the Manufacturing sector.
|BZUN||L||Retail Trade||Other Direct Selling Establishments|
|KTWO||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|TELL||L||Mining, Quarrying, and Oil and Gas Extraction||Oil and Gas Extraction|
|KIN||L||Professional, Scientific, and Technical Services||Veterinary Services|
|AMRI||L||Professional, Scientific, and Technical Services||Research and Development in the Physical, Engineering, and Life Sciences|
|AGFS||L||Manufacturing||Other Basic Organic Chemical Manufacturing|
|DHX||L||Administrative and Support and Waste Management and Remediation Services||Employment Placement Agencies and Executive Search Services|
|LOXO||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|IVR||S||Real Estate and Rental and Leasing||Lessors of Other Real Estate Property|
|ZYNE||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|PI||L||Manufacturing||All Other Electrical Equipment and Component Manufacturing|
|PZZA||L||Accommodation and Food Services|
|BIVV||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|DRI||L||Accommodation and Food Services|
|ENB||L||Transportation and Warehousing||All Other Pipeline Transportation|
|PCAR||L||Manufacturing||Heavy Duty Truck Manufacturing|
|LUV||L||Transportation and Warehousing||Scheduled Air Transportation|
|UIS||L||Professional, Scientific, and Technical Services||Computer Systems Design and Related Services|
|GALT||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|SSH||L||Manufacturing||Navigational, Measuring, Electromedical, and Control Instruments Manufacturing|
Today’s a new day and I am prepared for the market open with 9 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 9 strategies selected today 5 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The Wait for the 8 strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|2||52.6||Carpe De Alpha||Long|
|3||59.2||Cuts Like a Knife||Short|
|5||59.8||Knocking on Resistance||Short|
|7||61.8||Strong Stock Pulling Back||Long|
|9||55.5||Wake Up Call||Long|
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. Have a great morning. See you in the markets!
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC