Since early February 2021 the stock market rallied strongly as investors were repricing the market to reflect a US economy that was reopening after COVID.  When the market rallies aggressively, it will force this non-directional strategy into adjustment mode where we’ll need to slide our trades upward.  When the market moves like this, we will sustain some losses each month as we continuously adjust the trades and wait for the stock market to calm down and start trading more range-bound.  Most likely within the next 4 to 6 weeks the market will start to exhibit buying exhaustion and this is when this strategy kicks-in.  All strategies ebb and flow, and there is a high probability that this strategy will begin to “flow” in the next 4 to 6 weeks where we’ll start booking some nice monthly returns.