“On Support and Power Hour Long” Lead 11 Algos, 8 Long: Holly Morning Huddle
Good morning. On Support and Power Hour Long, tied as today’s high performing algorithms, headline the Holly Morning Huddle Report.
As of today, Thursday, May 4, 2017, the return from my trading performance since January 1 stands at +32.4 accumulated profit points vs the benchmark SPY’s performance of +14.9 points over the same period. On Wednesday my performance was higher +.9 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 Wednesday. the SPY was down -.3. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -0.1 points.
14 stocks traded yesterday: 11 long and 3 stocks traded short in the following sectors. 1/2 were in the Manufacturing sector.
Today’s a new day and I am prepared for the market open with 11 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 11 strategies selected today 8 are Long, bullish in outlook. 3 are Short, bearish in outlook. Ready for anything. The On Support and Power Hour Long strategies, in the list below, have the highest Win % heading into the Open based on optimized, backtested scenarios.
Here are the algos:
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