Another uneventful session today, with light pre-holiday action. We are ending the year with a decent finish, and some of the consolidation over the past three weeks may bode well for the first part of 2006.

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	$13,374	67
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$6,213	66		@GC.P	3	$18,940	78
@CD.P	2	-$1,120	18		@SI.P	1	$3,695	29
@C.P	-4	$4,600	96		@HG.P	2	$37,000	146
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	-$550	28
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	-$2,520	13
		Total Open Trades			$79,632
		Total Closed Trades			$6,280
		Total			$85,912

Good evening, and have a great New Year!!!

The grains showed some weakness today, which helped our corn position. We exited Wheat on Tuesday at the close, but today would have provided a better exit point. Sugar, Copper and Gold all looked good from our perspective today. Cotton is starting to look interesting, tracing out a large base over the past 18 months. We may be going long over the first quarter of 2006.

Our TNR model made a little money again today, primarily due to our getting short NQ in the morning and riding it all the way down to the 4:00 close. We were long ES in the morning, and hit our money management stop during the afternoon sell-off, and then went short around 3:00. We finished the day with a total net gain of $141. One item of interest is that we are now trading 3 contracts of ES, up from the 2 we have been trading recently. Position sizing is specified by the model, and this indicates that intraday volatility has been diminishing somewhat.

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	$13,744	66
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$6,100	65		@GC.P	3	$18,520	77
@CD.P	2	-$1,440	17		@SI.P	1	$3,655	28
@C.P	-4	$5,550	95		@HG.P	2	$37,175	145
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	-$25	27
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	-$2,160	12
		Total Open Trades			$81,119
		Total Closed Trades			$6,280
		Total			$87,399

Good evening, and good luck!

We saw a little activity with System B in the first part of the week, with the metals continuing to rebound from their interim lows made last week. Wheat hit our stop on Tuesday, and we exited the trade on the close at 340 for a net loss of $1300 even. Other than that, there was not a whole lot of action.

Our TNR system, however, was quite active on Tuesday and Wednesday. On Tuesday, we made $894 on our NQ trades, and lost $331 on our ES trades, for a total net gain of $563. On Wednesday, things flipped around, with NQ losing $174, and ES making $1260. Total net gain on the day was $1086. The model is calling for a trending day today in both ES and NQ.

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	$13,139	65
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$6,050	64		@GC.P	3	$18,160	76
@CD.P	2	-$1,640	16		@SI.P	1	$3,920	27
@C.P	-4	$4,500	94		@HG.P	2	$38,350	144
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$500	26
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	-$1,640	11
		Total Open Trades			$81,339
		Total Closed Trades			$6,280
		Total			$87,619

Good luck, and have a great day!

Kind of a repeat performance from yesterday, metals were up, grains were down, and Sugar set a new contract high. The equity indexes were basically unchanged. Next week will probably bring more of the same, and we are going to have to wait until Jan 3 to get something going.

Our TNR model was on the wrong side of today's mild move, and we wound up losing $460 on our ES short.

Our next update will not be until Thursday, December 29.

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	$13,206	63
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$4,500	62		@GC.P	3	$14,830	74
@CD.P	2	-$1,600	14		@SI.P	1	$2,470	25
@C.P	-4	$4,950	92		@HG.P	2	$36,875	142
@W.P	-3	-$275	39		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$1,625	24
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	-$880	9
		Total Open Trades			$75,701
		Total Closed Trades			$7,580
		Total			$83,281

Have a great evening, and a great holiday weekend!

Things looked a little better from our perspective today, with the metals finding some kind of support and rebounding. Gold finished the day back above $500/oz, which should count for something. The equity indexes also rebounded nicely, and Sugar yet again set a new contract high.

Our biggest worry right now is the grains, which certainly do appear to have formed a bottom over the past month. we are getting close to hitting our stops in both Wheat and Corn, and unless some new weakness enters the market, we may be exiting those trades within the next two weeks or so.

The TNR model was neutral for today, but is indicating a trending day tomorrow for ES.

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	$12,770	62
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$4,813	61		@GC.P	3	$14,770	73
@CD.P	2	-$1,420	13		@SI.P	1	$2,135	24
@C.P	-4	$5,200	91		@HG.P	2	$36,175	141
@W.P	-3	$288	38		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$1,575	23
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	-$860	8
		Total Open Trades			$75,445
		Total Closed Trades			$7,580
		Total			$83,025

Good evening, and good luck!

Really not much going on in any of the markets except some random noise. The Currencies moved in our favor (Yen down, CAD up), Sugar moved against us, Silver helped, Gold hurt... I don't imagine that things are going to change much between now and the end of the year.




Our TNR trades lost us net -$280 on the day, and TNR is indicating neutral for tomorrow. As you can see from the chart on the right, Our TNR equity isn't doing much right now, and we've been mushing around this +/- $1000 level for a long time... We need a breakout (to the upside)!



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	$11,426	61
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$5,425	60		@GC.P	3	$11,860	72
@CD.P	2	-$1,860	12		@SI.P	1	$1,420	23
@C.P	-4	$5,750	90		@HG.P	2	$35,775	140
@W.P	-3	$775	37		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$950	22
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	-$1,520	7
		Total Open Trades			$70,001
		Total Closed Trades			$7,580
		Total			$77,581

Good evening and good luck!