In calm markets it buys the most sold-off fund among 3x S&P, 3x Nasdaq, and short-term Treasuries. When markets are rough, it either buys only big dips or parks in a safety mix (USD, gold, staples). In healthy uptrends it runs a leveraged stocks+bonds blend.

1) Is the market calm? If daily moves in the S&P 500 have been very small, the strategy “surfs” dips: it buys whichever of three funds looks most beaten-down recently: 3x S&P (UPRO), 3x Nasdaq (TQQQ), or short-term Treasuries (SHY). 2) If it’s not calm, it checks for a bigger market drawdown. In bigger drawdowns, it buys only large weekly dips in the Nasdaq or S&P (and avoids chasing a sudden +5% daily rebound); otherwise it sits in a safety mix: the U.S. dollar (UUP), gold (GLD), and consumer-staples stocks (XLP). 3) If the market isn’t in a big drawdown, it runs a growth blend: 3x stocks (UPRO/TQQQ sized by recent risk) plus 3x long Treasuries (TMF) when conditions are friendly, or the same safety mix when they’re not. 4) It uses two “calm” thresholds and averages them to make transitions smoother.

Out-of-sample shows ~52% annualized return vs SPY’s ~23%, with Calmar ~1.04 and Sharpe ~1.20. It uses calm/volatility gates and safety hedges to capture upside while controlling drawdowns, unlike a plain S&P 500.