“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, Friday, April 20, 2018, the return from my trading performance since January 1 stands at +136.2 accumulated profit points vs the benchmark SPY’s performance of +45.3 points over the same period. On Thursday 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 Thursday. the SPY was down -1.5. My Risk-On mode, which extends the holding period for trades until the day’s close, was up +2.9 points.
11 stocks traded yesterday: 8 long and 3 stocks traded short in the following sectors. 4/11 were in the Finance and Insurance sector.
| Symbol |
L/S |
Sector |
Sub Industry |
| PICO |
S |
Real Estate and Rental and Leasing |
Other Activities Related to Real Estate |
| AMN |
S |
Health Care and Social Assistance |
Home Health Care Services |
| UNT |
L |
Mining, Quarrying, and Oil and Gas Extraction |
Support Activities for Mining |
| NOV |
S |
Manufacturing |
Mining and Oil and Gas Field Machinery Manufacturing |
| NGL |
S |
Mining, Quarrying, and Oil and Gas Extraction |
|
| BWXT |
S |
Public Administration |
National Security |
| NGHC |
S |
Finance and Insurance |
Direct Insurance (except Life, Health, and Medical) Carriers |
| SCHW |
L |
Finance and Insurance |
Securities Brokerage |
| CMA |
L |
Finance and Insurance |
Commercial Banking |
| IBKR |
S |
Finance and Insurance |
Securities Brokerage |
| TJX |
S |
Retail Trade |
|
Today’s a new day and I am prepared for the market open with 12 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 12 strategies selected today 9 are Long, bullish in outlook. 3 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:
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
(April 20, 2018 - 12:15 PM EDT)
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