HOLLY: “Pushing Through Resistance” Leads 15 Other Trade Ideas

HOLLY  |

“Pushing Through Resistance” Leads The Daily Regime of Optimized Algorithms

Good morning. “‘Pushing Through Resistance’, today’s high performing algorithm, headlines the Holly Morning Huddle Report.”

As of today, Tuesday, October 23, 2018, the return from my trading performance since January 1 stands at +83.1 accumulated profit points vs the benchmark SPY’s performance of +3.0 points over the same period. On Monday my performance was higher +.7 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 -1.2. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.1 points.

57 stocks traded yesterday: 30 long and 27 stocks traded short in the following sectors. 26/57 were in the Manufacturing sector.

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 10 are Long, bullish in outlook. 6 are Short, bearish in outlook. Ready for anything. The Pushing Through Resistance 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
162.3BreakoutLong
259.6Buyers Stepping InLong
363.8Knocking on ResistanceShort
464.9Little Big GuyLong
575.6Looking for BounceLong
663Mighty MouseLong
769.8On SupportLong
870.8Power Hour ShortShort
978.7Pushing Through ResistanceLong
1066.2QuarterbackLong
1160Selling StrengthShort
1261.4Slippery SlopeShort
1366Strong Stock Pulling BackLong
1473.5Sunrise MoverLong
1566.2Topping FormationShort
1661.3Trend Trend Play ShortShort

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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