Monthly, two trend checks (credit via BIT and stocks via XLG) drive risk‑on/off. It concentrates in the single strongest ETF (often semis or inverse tech), adds long/short and managed futures in mixed markets, or shifts to low‑vol stocks and Treasuries when weak.

Each month it runs two health checks: (1) a credit proxy (bond fund BIT) and (2) U.S. mega‑cap stocks (XLG). If they’re above their recent averages, conditions are “risk‑on.” It then puts 40–50% into the single best performer from a small list (can be 2x/3x semiconductor bulls or bears, inverse Nasdaq, mid‑cap momentum, staples momentum, low‑vol international). With mixed signals, the rest goes to diversifiers (FTLS long/short equity, DBMF managed futures). If both checks are weak, it moves to a defensive mix of low‑vol U.S. stocks (USMV), 3–7yr Treasuries (IEI), and managed futures (DBMF).

This strategy uses two regime gates to ride the strongest trend each month and add diversifiers when needed. In out-of-sample tests, it delivered better risk-adjusted returns and lower drawdowns than the S&P 500, with smoother volatility.