A daily tactical EM strategy that flips between EEM (long EM stocks) and EUM (inverse EM) using an oversold buy signal, a 200‑day trend filter, and short‑term momentum checks across bonds, energy, small‑caps, and dividend stocks.

- What it trades: EEM (emerging‑market stocks) or EUM (the inverse of EM stocks). The other ETFs are just signals: IGIB (US corporate bonds), DBE (energy), ISCB/IWM (US small‑caps), DLN (US dividend stocks). - Step 1 (oversold override): If EEM’s 14‑day momentum score (RSI) drops below 30, it buys EEM (assumes a sharp sell‑off may rebound). - Step 2: Otherwise, it splits money across two decision “sleeves,” rebalanced daily. Most of each sleeve (about 90%) goes into EEM or EUM, with a small cash buffer. • Sleeve A (trend‑gated): If EEM is above its 200‑day average (long‑term uptrend), it compares short‑term momentum of bonds (IGIB) vs energy (DBE). If bonds look stronger, it holds EEM; if energy looks stronger, it holds EUM. If EEM is below its 200‑day average (downtrend), it instead compares two small‑cap ETFs (ISCB vs IWM) and makes the same EEM/EUM choice based on which looks stronger. • Sleeve B (always on): It compares bonds (IGIB) vs dividend stocks (DLN). If bonds are stronger, it holds EEM; if dividend stocks are stronger, it holds EUM. - Net effect: When signals point to risk‑on, it owns EEM; when they point to risk‑off, it owns EUM. If EEM gets very oversold, it temporarily forces a long position in EEM.

Out-of-sample, this tactical EM strategy delivers higher risk-adjusted returns than the S&P: oos Sharpe 3.25 vs 2.66, annualized return 53.75% vs 32.81%, and lower max drawdown 4.68% vs 5.07%, with a Calmar ~11.49.