A daily, rules‑based swing system that rides semiconductor uptrends, steps into volatility (VIXY) when markets overheat, and in weak markets toggles among leveraged bounce plays (TECL/SPXL), inverse semis (SSG), bonds (BSV), or SMH based on short‑term signals.

Step 1 (trend): If the semiconductor fund SMH is above its 200‑day average, own SMH—unless the market looks “too hot” (10‑day RSI, a 0–100 heat gauge, >~80 on QQQ/SPY/SMH). In that case, park in VIXY (benefits when fear/volatility jumps). Step 2 (weak trend): If SMH is below its 200‑day average, buy 3x tech/S&P (TECL/SPXL) only on sharp sell‑offs (RSI <~30). Otherwise let volatility guide you: when vol is rising, hold VIXY; when calm, own SMH if it’s above its 20‑day average, else pick either inverse semis (SSG) or short‑term bonds (BSV)—whichever is stronger short‑term.

Out-of-sample, this strategy offers superior risk-adjusted growth vs SPY: Sharpe 2.73 vs 2.61, Calmar 8.13, and ~96% annualized return vs ~32%. Note higher drawdowns in stress, offset by hedges and strong upside.