Tactical, risk-on/off. If markets look overheated, buy a volatility hedge (UVXY). Otherwise use semiconductor momentum vs KMLM to pick: levered semis (SOXL), a calmer LLY/NVO/COST/GE mix, or bearish hedges (SOXS/PSQ) or bonds (TLT).

Checks trend: if the S&P 500 is below its 200‑day average, go defensive. If the market or key sectors look overheated (RSI very high), buy UVXY. Else use semis as the gauge: if SOXL’s RSI > KMLM’s, buy SOXL; otherwise hold a calmer mix of LLY/NVO/COST/GE (weighted by recent volatility). If semis turn weak, use SOXS or the stronger of PSQ (short Nasdaq) or TLT (Treasuries). RSI = 0–100 heat score; KMLM = trend fund.

Dynamic, regime-aware sleeve using UVXY hedges and semiconductor momentum to rotate between risk-on and defensive bets. Diversifies equity exposure and complements the S&P 500 as a satellite allocation, not a core holding.