HOLLY: “On Support” Leads 17 Other Trade Ideas

HOLLY  |

“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, November 30, 2018, the return from my trading performance since January 1 stands at +102.2 accumulated profit points vs the benchmark SPY’s performance of +6.7 points over the same period. On Thursday my performance was lower -0.6 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 Thursday, the SPY was down -.6. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.4 points.

48 stocks traded yesterday: 33 long and 15 stocks traded short in the following sectors. 1/3 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 18 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 18 strategies selected today 13 are Long, bullish in outlook. 5 are Short, bearish 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.Win%StrategyL/S
163.2Bullish PullbackLong
259.6Buyers Stepping InLong
360.2Close to a crossLong
461.9Cuts Like a KnifeShort
559.9Downward MomentumShort
665.2Float OnLong
759.1Mighty MouseLong
863.4NickelbackLong
960.5Not a Double BottomShort
1077.5On SupportLong
1161.8Power Hour LongLong
1261.4QuarterbackLong
1365.9Selling StrengthShort
1459.8Slippery SlopeShort
1565.8Strong Stock Pulling BackLong
1664.8Sunrise MoverLong
1763.3Volume Doesnt LieLong
1867.4Yesterday 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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