A two-mode, rule-based momentum strategy: go long momentum leaders with a heavy tilt in bullish markets (QQQ above its 175-day average) and switch to hedges/defensive assets in bearish markets (QQQ below the 175-day average). It uses RSI and moving-average tests to rank/top-select assets (including UPRO, TQQQ, UVXY, TMF/TMV, BTAL, etc.) and allocates most capital to the chosen group, with small conditional bets on volatility or leverage. Designed for high-ROI potential with aggressive tilt, it relies on leveraged ETFs and volatility products and has a non-active rebalancing cadence.

- Step 1: Check market direction by comparing QQQ’s current price to its 175-day moving average. If above, the market is considered bullish; if below, bearish. - Step 2 (Bullish path): Build a long-side tilt focused on momentum. It targets up to 9 top assets from a large list of growth/momentum names (including UPRO and many well-known stocks) ranked by a momentum measure over a 45-day window, with about 90% of capital allocated to these top picks. There is an optional conditional that can add a volatility hedge via UVXY if a separate momentum test (RSI on TQQQ) is highly elevated. - Step 3 (Bearish path): Shift toward hedges and defensive exposures. The code selects assets from a defensive/bond-tilt universe (e.g., TMV, TLT, AGG, TIP, BTAL, etc.), using a separate momentum sorting (RSI with a shorter window) to pick 1 or 2 bottom/more defensive names and allocate most of the capital to them (roughly 90%). - Step 4: The strategy uses RSI (momentum strength) and moving-average tests as its decision drivers, with different lookbacks (10 days for immediate momentum, 28–45 days for ranking, 21 days for short-term trend checks). - Step 5: Rebalancing is indicated as none in the config, but a small “corridor” parameter exists which would influence how much trading activity is allowed. The result is a two-mode, signal-driven portfolio that alternates between a momentum-laden equity tilt and a hedged, defensive tilt depending on market direction.

Two-mode momentum strategy seeks bull-market upside via leveraged leaders, with hedges in downturns. Out-of-sample: 17.95% annual return, but drawdowns around 59% vs SPY ~19%. Provides regime-based diversification and targeted risk control.