‘Knocking On Resistance’ Strategy Leads the Daily Regime of Optimized Algorithms
Good morning. Knocking On Resistance, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Friday, April 7, 2017, the return from my trading performance since January 1 stands at +27.8 accumulated profit points vs the benchmark SPY’s performance of +11.9 points over the same period. On Thursday my performance was lower -0.3 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 +.7 My Risk-On mode, which extends the holding period for trades until the day’s close, was up +1.0 points.
15 stocks traded yesterday: 15 long stocks traded in the following sectors. [Fraction] were in the 7/15 Manufacturing sector.
|KIN||L||Professional, Scientific, and Technical Services||Veterinary Services|
|HA||L||Transportation and Warehousing||Scheduled Air Transportation|
|AAXN||L||Manufacturing||All Other Fabricated Metal Product Manufacturing|
|NVCR||L||Manufacturing||Medical Equipment and Supplies Manufacturing|
|CALD||L||Administrative and Support and Waste Management and Remediation Services||All Other Support Services|
|GNC||L||Retail Trade||Other Health and Personal Care Stores|
|FMSA||L||Mining, Quarrying, and Oil and Gas Extraction||Support Activities for Mining|
|CNAT||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|BGFV||L||Retail Trade||Sporting Goods Stores|
|VNDA||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|GIII||L||Manufacturing||All Other Textile Product Mills|
|CORI||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
|SMRT||L||Retail Trade||Family Clothing Stores|
|NVTA||L||Health Care and Social Assistance||Medical and Diagnostic Laboratories|
|ITEK||L||Manufacturing||Pharmaceutical and Medicine Manufacturing|
Today’s a new day and I am prepared for the market open with 16 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 16 strategies selected today 12 are Long, bullish in outlook. 4 are Short, bearish in outlook. Ready for anything. The Knocking on Resistance strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
|2||59.6||Buyers Stepping In||Long|
|3||61.7||Cant Stop It||Long|
|4||52.4||Carpe De Alpha||Long|
|7||70.4||Knocking on Resistance||Short|
|10||67.9||Power Hour Long||Long|
|11||61.8||Pushing Through Resistance||Long|
|12||64.7||Putting on the Breaks||Short|
|13||64.3||Strong Stock Pulling Back||Long|
|16||54.2||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