Another tough day for the TNR model. Although the ES didn't do a lot of trending, there was so little movement that we wound up just being short most of the day. we did get one winner at the end of the day, but it was too little too late, and we finished down $446 on the day. Tomorrow, NQ is set up for a reversion day - let's see how the model does.

Many of our positions in our System B - trend following model also moved against us today, on the back of a strong dollar. Fortunately, our short yen position and our short grains positions help out a little. Regardless, this of course is a longer term model, and daily fluctuations really are nothing more than noise.

Here are our positions:

Contract	ctrcts	Open P/L	days on		Contract	ctrcts	Open P/L	days on
@US.P	0	$0	0		@NG.P	0	$0	0
@TY.P	0	$0	0		@KC.P	0	$0	0
@FV.P	0	$0	0		@SB.P	3	$2,118	26
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$4,038	25		@GC.P	3	$4,660	37
@CD.P	2	$2,160	55		@SI.P	0	$0	0
@C.P	-4	$5,650	54		@HG.P	2	$19,000	105
@W.P	-3	-$88	1		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	0	$0	0
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	0	$0	0
			Total		$37,538

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Good luck, and good trading!