The grains had a mixed showing today, with corn and soybeans down and wheat clawing back above the $3.00 level. With virtually all of the U.S. harvest complete, attention being focused on the South American crop and the U.S. winter wheat crop. There has been some good moisture over the past several days in Brazil and Argentina, and more is expected over the next few days as well. In addition, the recent rain and snows in the middle part of the U.S. should prove to be beneficial to the U.S. winter wheat crop. All of this is of course bearish for the grain markets, at least in the short to intermediate term.

System B turned in a mixed performance, finishing down on the day due primarily to the big sell-off in Copper. Could this mark the beginning of the end of Copper's latest bull move? Our stop right now is at 1.7205 on the March contract. We should still be a few days away from that level (I hope!).



Our TNR daytrade model posted a decent performance today, with both ES and NQ being traded as reversion days. NQ was clearly the better performer, with multiple trades taken. I've posted today's NQ chart showing the trades (blue arrow is a long entry, red arrow a short entry). Net on the day we cleared $920 total in both contracts.




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	$5,882	45
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$7,263	44		@GC.P	3	$15,640	56
@CD.P	0	$0	0		@SI.P	1	$1,815	7
@C.P	-4	$7,650	74		@HG.P	2	$24,025	124
@W.P	-3	$2,388	21		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$700	6
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	0	$0	0
		Total Open Trades			$65,362
		Total Closed Trades			$7,580
		Total			$72,942

Good luck and good night!