HOLLY: “Power Hour Long” Leads 22 Other Trade Ideas

HOLLY  |

“Power Hour Long” Leads The Daily Regime of Optimized Algorithms

Good morning. “‘Power Hour Long’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

As of today, Thursday, November 29, 2018, the return from my trading performance since January 1 stands at +102.8 accumulated profit points vs the benchmark SPY’s performance of +7.3 points over the same period. On Wednesday my performance was higher +1.6 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 up +6.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.4 points.

31 stocks traded yesterday: 27 long and 4 stocks traded short in the following sectors. 10/31 were in the Manufacturing sector.

Today’s a new day and I am prepared for the market open with 23 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 23 strategies selected today 14 are Long, bullish in outlook. 9 are Short, bearish in outlook. Ready for anything. The Power Hour Long 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
165.1Bullish PullbackLong
267.3Bullish Trend ChangeLong
360Buyers Stepping InLong
460.3Close to a crossLong
563.1Cuts Like a KnifeShort
671.9Downward DogShort
770.9Downward MomentumShort
862.7Knocking on ResistanceShort
959.5Little Big GuyLong
1064.9Mighty MouseLong
1164.8NickelbackLong
1268.2On SupportLong
1379.4Power Hour LongLong
1471.8Putting on the BreaksShort
1565.9QuarterbackLong
1666.7Selling StrengthShort
1763.2Slippery SlopeShort
1871.1Strong Stock Pulling BackLong
1962.5Sunrise MoverLong
2062.5The ContinuationLong
2166.3Topping FormationShort
2266.7Trend Trend Play ShortShort
2359.6Volume Doesnt LieLong

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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