August Portfolio Summary

The month of August was a frustrating month. We basically had to sit on our hands or buy and cut. Our decision to make a huge bet (75% of our portfolios) against the financials on August 17th was our saving grace. It was not easy (frightening) and we were tempted to cut and run many times. We had to trust in our trading programs which gave us the highest probability of success this year. It helped advance our YTD performance up to +44.65%. vs. The S&P500 return of -4.62%. Although we should be pleased, it has been a grind this year. We remain diligent and focused. It is extremely difficult in here. Check emails for full report.