L Shape Stagnation

Persistent crash with no recovery (Japan 1990s). Gold + utilities + short bonds + dividends only.

Total Return

+13.9%

Sharpe Ratio

0.10

Max Drawdown

-7.1%

Win Rate

55.5%

Alpha

-61.0%

Comp. Score *

0.03

Risk Parameters

Max Allocation9.0%

Stop Loss15.0%

Take Profit5.0%

Max DD Tolerance7.1%

Rebalancemonthly

Execution Guidance

Order TypeLimit

Entry RuleAlways hold some. Add more when SPY breaks below SMA200.

TimingWAIT FOR SIGNAL: Go max defensive ONLY during prolonged market downturn (3+ months). *

ScalingMaintain 5-15% allocation. Add during fear, trim during euphoria.

Positions — Vol-Adjusted Sizing

Symbol	Action	Vol	Stop Loss	Take Profit	Size	Links
GLD	BUY	23%	14.7% below entry	4.9% above entry	9.2%	TV YH
XLU	BUY	16%	10.0% below entry	3.3% above entry	13.5%	TV YH
SCHD	BUY	14%	8.6% below entry	3.0% above entry	15.6%	TV YH