A daily, mean-reversion style strategy on semiconductors using SMH as the anchor. It toggles between levered long (SOXL), levered short (SOXS), and hedges (volatility and macro) based on short-term performance, momentum, and overbought/oversold signals, aiming to capture quick reversals while managing risk with hedges.

- Each trading day, the strategy analyzes how SMH performed in the previous day (1-day cumulative return). - If SMH has moved down sharply (oversold readings across short windows), the system tends to tilt toward a levered long semiconductor bet (SOXL) with some additional exposure to hedges that can profit if volatility rises. - If SMH has moved up strongly (overbought readings), the strategy leans toward hedges or a levered short semiconductor bet (SOXS), depending on the exact momentum and RSI-type signals. - Momentum checks compare SMH’s current price to its long-term trend (roughly a 200-day average) to decide if the semiconductor group is in an uptrend, which nudges exposure toward riskier long semis or away from riskier hedges. - Short-term momentum and strength checks use simple RSI-like signals over multiple windows (e.g., 5–45 days) to see if SOXL, SOXS, or SMH are leading or lagging, and to adjust weights accordingly. - The system also uses volatility hedges (VIXM, UVXY) and macro hedges (UUP for dollar strength, SHY for short-term Treasuries) when risk signals rise or fall, attempting to dampen drawdowns during spikes. - Weights range up and down (sometimes heavily toward SOXL or toward hedges) based on these layered signals. There is no fixed fixed-schedule rebalancing; the model recalculates and updates positions daily as signals change. - In short, the strategy tries to buy when the semis look structurally cheap or oversold on a one-day basis, and to protect against pullbacks with volatility and macro hedges, while using momentum and strength screens to avoid chasing false signals.

Out-of-sample power: ~43% annualized return vs SPY ~21%, Calmar ~0.83, with hedges. Higher upside via leveraged semis and momentum signals, but larger drawdowns than the S&P.