“Breakout” Leads The Daily Regime of Optimized Algorithms

Good morning.  Breakout, today’s high performing algorithm, headlines the Holly Morning Huddle Report.

As of today, Tuesday, August 1, 2017, the return from my trading performance since January 1 stands at +62.3 accumulated profit points vs the benchmark SPY’s performance of +23.2 points over the same period. On Monday my performance was higher +.1 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 down -.1. My Risk-On mode, which extends the holding period for trades until the day’s close, was down -1.8 points.

13 stocks traded yesterday: 11 long and 2 stocks traded short in the following sectors. 5/13 were in the Manufacturing sector.

Symbol L/S Sector Sub Industry
CAB S Retail Trade Sporting Goods Stores
MMYT S Administrative and Support and Waste Management and Remediation Services Travel Agencies
IRM L Professional, Scientific, and Technical Services Computer Systems Design and Related Services
CNA L Finance and Insurance Direct Insurance (except Life, Health, and Medical) Carriers
ARCH L Mining, Quarrying, and Oil and Gas Extraction Coal Mining
PKG L Manufacturing Paperboard Container Manufacturing
ECL L Manufacturing Soap and Cleaning Compound Manufacturing
RDUS L Manufacturing Pharmaceutical and Medicine Manufacturing
CE L Manufacturing Other Basic Organic Chemical Manufacturing
MNK L Manufacturing Pharmaceutical and Medicine Manufacturing
RENN L Arts, Entertainment, and Recreation All Other Amusement and Recreation Industries
CVS L Health Care and Social Assistance Offices of All Other Health Practitioners
SBUX L Accommodation and Food Services

Today’s a new day and I am prepared for the market open with 10 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 10 strategies selected today 8 are Long, bullish in outlook. 2 are Short, bearish in outlook. Ready for anything. The Breakout strategy, in the list below, has the highest Win % heading into the Open based on optimized, backtested scenarios.

Here are the algos:

No. Test Win% Strategy L/S
1 89.7 Breakout Long
2 65.8 Bullish Pullback Long
3 62.2 Count De Monet Long
4 70.6 Downward Dog Short
5 59.5 Float On Long
6 76.2 Knocking on Resistance Short
7 63.5 Looking for Bounce Long
8 68.4 On Support Long
9 59.1 Tailwind Long
10 50.9 Wake Up Call Long

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.

Best regards,

Holly

Investment Discovery Engineer, Virtual Analyst

Trade Ideas LLC

Actionable Market Intelligence