Leveraged etf positive momentum

Screening Filters

1. themes = Leveraged

   • Purpose: Restrict the universe to leveraged products (primarily leveraged ETFs/ETPs).
   • Rationale:
     • Your request is specifically for leveraged ETFs, which use derivatives to amplify the underlying index or asset’s daily returns (e.g., 2x, 3x bull/bear funds).
     • The Leveraged theme filters out standard, unleveraged stocks and ETFs, focusing the results on instruments that match your structural requirement (leveraged exposure).

2. macd = positive, bullish

   • Purpose: Capture instruments showing positive technical momentum using the MACD indicator.
   • Rationale:
     • MACD (Moving Average Convergence Divergence) is a widely used momentum indicator that compares short- and long-term moving averages of price.
     • Positive MACD means the shorter-term moving average is above the longer-term one, indicating upward momentum.
     • A bullish MACD condition typically implies that the MACD line is above its signal line or has recently crossed above it—often used as a buy or “uptrend starting/continuing” signal.
     • Together, these flags select leveraged ETFs where momentum is currently upward and strengthening, aligning directly with “positive momentum.”

3. moving_average_relationship = PriceAboveMA20, PriceAboveMA200

   • Purpose: Confirm that price is in an uptrend on both short-term and long-term timeframes.
   • Rationale:
     • PriceAboveMA20:
       • 20-day moving average is a short-term trend gauge (about 1 trading month).
       • Price trading above the 20-day MA supports the view that near-term price action is bullish, consistent with current positive momentum.
     • PriceAboveMA200:
       • 200-day moving average is a classic long-term trend indicator.
       • Price above the 200-day MA signals a broader, longer-term uptrend, avoiding leveraged ETFs that might just be experiencing a brief bounce within a larger downtrend.
     • In combination, these filters align with positive momentum across multiple horizons, increasing confidence that the move is not just a short-lived spike.

4. new_high_low = 20_High, 5_High

   • Purpose: Identify leveraged ETFs that are breaking to recent new highs, another hallmark of strong momentum.
   • Rationale:
     • 5_High: Hitting a new 5-day high means price is at or above its highest level in about a trading week—capturing very recent strength.
     • 20_High: Hitting a new 20-day high indicates the strongest level in roughly one month, reinforcing that the trend has some persistence, not just a one- or two-day pop.
     • New highs are a core concept in momentum investing: assets making fresh highs tend to attract further buying interest and often continue trending.

Why Results Match Your Request

• Your query: “Identify leveraged ETFs that currently exhibit positive momentum.”

• How the filters map to that:

  • Leveraged exposure:

    • The Leveraged theme aligns the universe to leveraged ETFs/ETPs, matching the structural requirement of your question.

  • Positive momentum:

    • MACD positive & bullish directly targets upward momentum from a technical indicator standpoint.
    • PriceAboveMA20 and PriceAboveMA200 confirm that prices are trending up in both the short and long term, consistent with sustained positive momentum rather than noise.
    • New 5-day and 20-day highs reinforce that price is breaking upward relative to recent history, another strong, price-based confirmation of momentum.

We do not see any specific momentum indicator in your request that we can’t support; you asked more generally for “positive momentum.” The combination of MACD, moving averages, and recent highs is a standard, effective way to operationalize that concept in a screen for leveraged ETFs.