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Last week was byeond fristrating for me and this morning offers a glimmer of a hope. Why was last week frustrating? Lets see, intense volatility nearly taking everything I love and know back to a downturn, when everything I know and love turned up merely two weeks ago to give me a buy call. I was caught in a headfake? Or was I? Last week appeared to be a headfake and it was a little depressing to be chopped up over that two week period. However, the futs are rallying very strong this morning in the dust cloud that is Gustav thanks to oil dropping large.

I am still positioned heavily long throughout these past two weeks I gave back significant profit, but still closed out the month with a gain – from double digits down to single digits. I need to learn when to just sit out. However, I will stay long as long as the signals stay long.

To kick off September though the bullish train might just be getting started today, in an otherwise typically bad month for the market. Moreover, the SPX is still down 12.6% YTD. Is this year, mind you, decade going to be negative?

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