A daily, rule-based strategy that chooses a single EM-focused instrument (EEM, EEMV, EMB, EDZ, or EDC) based on momentum and strength signals, aiming to ride EM trends or tilt to hedged/leveraged bets as conditions dictate.

Every day, the system evaluates a set of signals tied to EM stocks and bonds (EEM, EEMV, EMB) plus two leveraged ETFs (EDZ for bear, EDC for bull) and an occasional benchmark (BWZ). It looks at short-term momentum (RSI on a 10-day window), medium-term momentum (50- to 60-day measures), and relative strength between assets. Based on these rules, it selects a single instrument to own for the day, allocating 100% of capital to that instrument. If EM stocks show leadership with positive momentum and relative strength favors them over EM bonds, it will tilt toward EEM (or EEMV if lower volatility is preferred). If momentum signals reach overbought/high-risk territory, it may tilt to leveraged plays (EDZ or EDC) depending on the sub-signal conditions. The position is rebalance daily, so the choice can change every day. The goal is to capture upside when EM trends are favorable, while using hedged or leveraged positions to manage risk or amplify moves when conditions are extreme. Shortfall risks include churn from daily rebalancing and the risks inherent in 3x levered ETFs.

Daily 100% EM momentum picks deliver ~26% oos annualized return vs SPY ~23%, with strong risk-adjusted metrics (Calmar 1.34, Sharpe 1.06) and lower beta (~0.65). Higher growth potential with EM exposure, but watch churn and levered-ETF risk.