52-Week High Momentum Investing ETF Portfolio Shows Promise [View article]
it would be interesting to know if "anyone" has used this 52 week high momentum in conjuction with the traditional use of the SIX 50 day and 200 day momentum signals bull bear indicators for indices, ETFs or MFs and or individual stocks 1. Price is up for the day = bullish 2. 50 day MA is UP for the day = bullish 3. Price is ABOVE the 50 day MA = Bullish 4. 200 day is UP for the day = bullish 5. Price is ABOVE the 200 day MA = Bullish 6. 50 day MA is ABOVE the 200 MA = bullish
The indicator is Bearish if DOWN or BELOW
Obviously if one were to use such simple indicats, they would put the odds in their favor if they also used the same analysis for their benchmark index or sector index. Obviously, like all momentum indicators there WILL BE a lag in terms of getting in and getting out and thus this will NOT get anyone IN at the bottom or OUT at the top but if FUNDAMENTALS are used to determine a bull or bar investment, then such indicators will help invest with more conviction. Obviously it may make some sense to include the 52 week high indicator to help fine tune the bull/bear indicators. Like how close to the high ? start what % below? or wait until what % above? or ?
52-Week High Momentum Investing ETF Portfolio Shows Promise [View article]
1. Price is up for the day = bullish
2. 50 day MA is UP for the day = bullish
3. Price is ABOVE the 50 day MA = Bullish
4. 200 day is UP for the day = bullish
5. Price is ABOVE the 200 day MA = Bullish
6. 50 day MA is ABOVE the 200 MA = bullish
The indicator is Bearish if DOWN or BELOW
Obviously if one were to use such simple indicats, they would put the odds in their favor if they also used the same analysis for their benchmark index or sector index.
Obviously, like all momentum indicators there WILL BE a lag in terms of getting in and getting out and thus this will NOT get anyone IN at the bottom or OUT at the top but if FUNDAMENTALS are used to determine a bull or bar investment, then such indicators will help invest with more conviction.
Obviously it may make some sense to include the 52 week high indicator to help fine tune the bull/bear indicators. Like how close to the high ? start what % below? or wait until what % above? or ?