I'm looking at the YieldMax set of ETFs. From this "basket" of now 12 ETFs, I want to only own the ones in an uptrend, or at best something going sideways. Also, as a bonus - in order to collect the monthly distribution (2% to 4% per month), you need to be in an ETF on the X-Div date, usually in the first week of the month. Since these ETFs are somewhat new, only a couple have 9 months' worth of data, and the new ones have only up to a couple of days.
In looking at your tool here, I have not really found an approach to implementing this type of system. Due to the ETF's construction, the best way to invest in these is from a Portfolio Management perspective.
Being able to handle this type of ETF (Ultra High Yield), is important in that Yield Max is adding another 20 ETFs by the end of the year, and another manager REX has just filed for another 17 to be offered by the end of this month (September '23). Thus, there is a growing availability of investment instruments, and with a 2 to 4%/month return (paid monthly) - 30% to 70% annual yield, that needs this type of approach. Thank you very much!!!!!
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