Comments on ES1

Systems have been in a drawdown for the past few weeks. Part of the reason is a recent drop off in performance of the ES1 system. ES1 is an important component of everything but Alligator. This system has three modes which are differentiated by the size of the stops. The predominant mode used is the one with tighter stops. It's returns are lower over the long term, but it's also less volatile. The ESCombo system has the version with large stops, so it has been helped somewhat lately as the system has begun to turn around. The charts below tell the story better than I can.