HOLLY: “On Support” Leads 18 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, Tuesday, October 9, 2018, the return from my trading performance since January 1 stands at +81.6 accumulated profit points vs the benchmark SPY’s performance of +15.8 points over the same period. On Monday my performance was higher +.4 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 flat. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.6 points.

52 stocks traded yesterday: 32 long and 20 stocks traded short in the following sectors. 27/52 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 19 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 19 strategies selected today 11 are Long, bullish in outlook. 8 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
164Bon ShortyShort
267.5BreakoutLong
365.9Bullish PullbackLong
462.5Buyers Stepping InLong
560.6Cuts Like a KnifeShort
664Downward DogShort
762.8Downward MomentumShort
864Got Dough Wants To GoLong
962.3Horseshoe UpLong
1064.3Knocking on ResistanceShort
1159.2Little Big GuyLong
1261.1Mighty MouseLong
1364.3Not a Double BottomShort
1475.9On SupportLong
1562.2Pushing Through ResistanceLong
1667.3Selling StrengthShort
1764.1Strong Stock Pulling BackLong
1875.6Sunrise MoverLong
1965.5Topping FormationShort

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

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