Gold staged a moderate comeback today, but we are clearly not out of the woods yet in terms of our stops. However, if Friday's lows hold we could get another push up to $500 before the year end. Silver also looks quite strong, and we may be getting long there in the next few weeks. The grains continue to look weak, and Soybeans gave back some of the strength from friday. Everyone seems to be waiting for the USDA crop report due out on Wednesday. Finally, Natural gas was clearly the strongest performer in the energy complex, rallying to the highest close since October 31.

The TNR model was calling for a trend day today, and instead we were range-bound all day. We lost $474 trading NQ and $489 trading ES. Tuesday we are again looking for a trend day, and will trade accordingly.

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	$2,253	31
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$5,213	30		@GC.P	3	$2,710	42
@CD.P	2	$1,480	60		@SI.P	0	$0	0
@C.P	-4	$5,950	59		@HG.P	2	$20,825	110
@W.P	-3	$963	6		@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		$39,393

That's all for today - good luck and good night!