Stock Momentum Leaders

Thesis

US stocks with the strongest volatility-adjusted medium-term momentum keep rising, earning gains in a long-only stock-perp portfolio.

Strategy

• Ranking: Mon/Thu at 06:45 PT, shifted past US holidays, rank up to 30 allowed stocks by the 9-day EMA of (EMA15 minus EMA40)/ATR20. • Portfolio: Keep up to 6 names, retaining top-9 holdings; equal weights capped at 25%, halved below SP500's 50-day average, with monthly $5M liquidity screening. • Exits: Exit below zero momentum or outside the top 9 at rebalance; check stops daily and place native stops 12% below entry after fills.

Exposure

• Holds: US stock perps and USDC — Only the 33 named xyz stocks are eligible; the monthly universe keeps the 30 largest by open interest above $5M. • Venue: Hyperliquid xyz — Positions and USDC sit on Hyperliquid; the user controls account leverage in Circuit. • Leverage: No added multiplier — Sizes are allocation percentages, bounded by each market's published maximum leverage. • Costs: Trading fees and funding — Stock perpetual positions pay venue trading fees and exchange funding. • Data: Circuit — Uses daily candles, market listings, prices, funding and open interest; at least 60 completed daily bars are needed. • On unwind: USDC — Terminal closes positions into USDC; stopping alone leaves positions and orders in place.