A regime-aware, multi-variant strategy that aims to ride long-term levered Nasdaq/tech exposure (TQQQ, SOXL, TECL, SPXL) while using hedges (UVXY, SQQQ) and safe assets (BIL) to limit drawdowns. It selects one top momentum candidate per regime and holds it with minimal rebalancing.

What it does, in plain language: - It looks at a list of highly leveraged ETFs (like TQQQ, SOXL, TECL, SPXL) and a few hedges (UVXY, SQQQ, UVXY, BIL, SHY, BSV). The system tries to pick one main investment to hold at a time, aiming to catch big upward moves when the market is trending in the right direction. - Market state: it divides the market into regimes (High/Medium/Low Volatility) using the K-Wave framework. Each regime has its own rules for which asset to own and how to hedge. The goal is to adapt to whether the market is choppy or trending smoothly. - Signals and selection: the choice of asset is driven by momentum-style checks and price tests over short windows (a few days to a few weeks). If an asset shows stronger recent performance, it’s more likely to be chosen; if risk signals are high, hedges are used or a safer asset is selected. - Regime switching and hedging: the engine shifts between aggressive leveraged bets and protective moves (like BIL or inverse/volatility positions) depending on signals. It often selects the one best candidate asset and allocates nearly full weight to it (100/100), with hedges layered in as needed. - Practical note: the description in code shows backtested results with large upside potential but also sizable drawdowns, and it emphasizes that BIL replaced more volatile hedges in a recent iteration because performance differences were minor. - Rebalancing is conservative (often none), aligning with a long-horizon tilt and reducing turnover.

Out-of-sample upside is compelling: ~62% vs ~22% for SPY, with Calmar ~1.46 and Sharpe ~1.17. A regime-aware, leveraged Nasdaq/tech strategy uses hedges to pursue upside while aiming to protect against downturns vs the S&P 500.