Yesterday was a good day for quant trading because forecasts of positive sign of the daily return received a bonus of lower open prices but with significantly higher close. DLPAL DQ choices from Dow 30 rose 3% and from QQQ composition rose 3.4%.
The Dow 30 and Nasdaq-100 rose 1% and 1.6% from the previous close, respectively, but from the open they rose 2.6% and 3.7%, respectively. This was an excellent day for buying the opening dip.
Below are scan results of DLPAL DQ for Dow 30 stocks as of the close of Tuesday for the open of yesterday. Long signals were generated for INTC, TRV and V.
The gain from open to close for equal allocation was 3.03%
Below are scan results of DLPAL DQ for QQQ ETF constituents as of the close of Tuesday for the open of yesterday. Long signals were generated for CONS (2), INTC, MAR and ROST.
The gain from open to close for equal allocation was 3.40%
Below are the scan workspaces for the above results. Click on images to enlarge.
Note that we use data from 01/03/2000 or later adjusted for splits and dividends.
DLPAL DQ identifies parameter-less strategies in historical price data that fulfill user-defined performance statistics and risk/reward parameters as of the last bar in the input data files. For more information about DLPAL DQ click here. We offer a two-week trial with full functionality except code generation. Click here for a demo.
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