“On Support” Leads 8 Algos, 5 Long: Holly Morning Huddle
Good morning. On Support, today’s high performing algorithm, headlines the Holly Morning Huddle Report.
As of today, Monday, June 19, 2017, the return from my trading performance since January 1 stands at +50.2 accumulated profit points vs the benchmark SPY’s performance of +19.0 points over the same period. On Friday, my performance was higher +.2 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 Friday. the SPY was down -1.1. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +.9 points.
14 stocks traded yesterday: 13 long and 1 stock traded short in the following sectors. 1/2 were in the Manufacturing sector.
| Symbol |
L/S |
Sector |
Sub Industry |
| VLP |
L |
Transportation and Warehousing |
Pipeline Transportation of Crude Oil |
| EHTH |
L |
Finance and Insurance |
Insurance Agencies and Brokerages |
| NEOS |
L |
Manufacturing |
Pharmaceutical and Medicine Manufacturing |
| NEOS |
L |
Manufacturing |
Pharmaceutical and Medicine Manufacturing |
| RILY |
L |
Finance and Insurance |
Investment Advice |
| STML |
L |
Manufacturing |
Pharmaceutical and Medicine Manufacturing |
| SU |
L |
Manufacturing |
Petroleum Refineries |
| ALSN |
L |
Manufacturing |
Motor Vehicle Transmission and Power Train Parts Manufacturing |
| MDCO |
L |
Manufacturing |
Pharmaceutical and Medicine Manufacturing |
| CGI |
L |
Transportation and Warehousing |
General Freight Trucking, Long-Distance |
| PRKR |
L |
Wholesale Trade |
Other Electronic Parts and Equipment Merchant Wholesalers |
| ORIT |
L |
Finance and Insurance |
Commercial Banking |
| SSNI |
L |
Manufacturing |
Computer and Peripheral Equipment Manufacturing |
| DNKN |
S |
Accommodation and Food Services |
|
Today’s a new day and I am prepared for the market open with 8 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 8 strategies selected today 5 are Long, bullish in outlook. 3 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:
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!
Best Regards,
Holly
Investment Discovery Engineer, Virtual Analyst
Trade Ideas LLC
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
Source: Equities.com News
(June 19, 2017 - 10:02 AM EDT)
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