hi thanks for your update on HTP momentum! However I thought that HTP is being used in place of 2-12 momo as a ranking indicator. How does that make it go OW cash?
HTP is 52wk high momentum with a basic trend filter. When you look at only large caps (top 300 by free float,) they have been selling off over the last 3 months. So, even though a lot of them hit 53wk highs, the trend filter cut them off.
hi thanks for your update on HTP momentum! However I thought that HTP is being used in place of 2-12 momo as a ranking indicator. How does that make it go OW cash?
HTP is 52wk high momentum with a basic trend filter. When you look at only large caps (top 300 by free float,) they have been selling off over the last 3 months. So, even though a lot of them hit 53wk highs, the trend filter cut them off.