Daily, trend-check Industrials. If strong, hold the two strongest industrial names; if weak, move fully into one defensive pick (Treasuries/bonds or defensive sector ETFs). Uses momentum in uptrends and an oversold signal in defense; can include leveraged ETFs.

Every day it checks if Industrials (XLI) is rising by comparing a short 20‑day average price to a 50‑day one. If rising, it splits money between the two strongest recent gainers from a set of big industrial names (GE, CAT, LMT, DE, UNP, etc.; may include 3× DUSL). If not, it puts everything into one “safer” choice that looks most beaten‑down by a 10‑day hot/cold score (RSI) among Treasuries/bonds (BSV, TLT, LQD, VBF) or defensive sectors (XLP, XLV, XLU; may use 2× UGE). Rebalanced daily.

Out-of-sample Sharpe ~1.97 vs SPY ~0.71; annualized return ~62% vs 8%; Calmar ~11.8; max drawdown ~5.25% vs SPY 3.16%; beta ~0.98. Regime-driven industrial momentum with defensive rotation targets superior, risk-adjusted gains.