A rule-driven, long-run equity strategy that mainly buys UPRO (3x S&P 500) but dynamically shifts into hedges (SPXU, SQQQ) or volatility proxies when momentum or volatility signals suggest risk, with a Nasdaq tilt and no regular rebalance.

- Core idea: invest in the long-run equity upside using a 3x long ETF (UPRO) and layer in hedges or alternative bets when signals indicate risk or overextension. - Signals used: momentum (relative strength/RSI) on leveraged Nasdaq (TQQQ) and other assets, price versus trend checks (e.g., 200-day moving average on SPY), and short-window cumulative return tests. - Hedge/alternative bets: when risk signals fire, the strategy may switch into inverse or defensive ETFs (SPXU, SQQQ) or into volatility-related hedges (VIXY, UVXY) depending on the condition. The VIX-related hedges are used sparingly and in a structured way (top-1 selection against a few volatility/defensive instruments). - Nasdaq-dip tilt: there is a sub-block designed to capture buy-the-dip opportunities on Nasdaq by evaluating momentum and trend across Nasdaq-related instruments, selecting a single best hedge or long pair (e.g., SPXU vs SPXL or SPY) based on a short-term momentum screen. - Selection mechanism: the model often uses a top/ best-in-class approach (e.g., top by relative strength index over a 10-day window) among a set of candidate hedges; this is how it chooses SPXU or SQQQ or other hedges in a given moment. - Weighting and rebalancing: the base weight for cash/positions is shown as 100/100 in the core block, implying a full allocation to the selected signal, with a non-traditional, non-regular rebalance rule (rebalance-corridor width = 0.15) that reduces periodic reallocation in favor of signal-driven changes. - Asset mix: primary long exposure to UPRO (and occasionally SPXL/TQQQ depending on the sub-strategy), with hedges in SPXU, SQQQ, SPY/VIX-related instruments, and a Treasury ETF (TLT) as an optional risk-off or diversification component. - Practical takeaway: in rising markets with healthy momentum, expect mainly UPRO exposure. In stress or overextended Nasdaq conditions with rising volatility, expect the algorithm to tilt toward hedges like SPXU or SQQQ and possibly reduce long exposure or use additional hedges to limit drawdown. It’s a complex, rule-based rotation rather than a simple buy-and-hold or fixed-weights approach, and it relies on timely data and volatility behavior to trigger shifts between leveraged longs and hedges.

Compelling upside with risk controls: out-of-sample annualized return ~50.7% vs S&P 22.2%, Sharpe ~1.15, Calmar ~1.13. Dynamic hedging and Nasdaq tilt aim for higher gains while limiting drawdowns in volatility.