Good news for the technically inclined, Michael Covel has posted a white paper by Cole Wilcox and Eric Crittenden of Blackstar Funds, LLC. Does Trend Following Work on Stocks? tests a relatively simple trend following methodology on a large universe of stocks. They do find that, “The empirical results strongly suggest that trend following on stocks does offer a positive mathematical expectancy, an essential building block of an effective investing or trading system.”

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