Copper and Yen were the only two positions that worked in our favor today. Grains were up, the Canadian Dollar was off, the equity index futures sold off, and Silver and Gold were down significantly. Gold closed well below the all important $500 level for the first time since November 30th. Our stop is at 475 on the February contract, so we still have some room, but the precious metals need to find at least some sort of interim bottom soon.

Our TNR model was out of synch with today's action, losing $324 in a total of three trades in NQ. Tomorrow we are looking for a trending day 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	$11,795	60
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$5,238	59		@GC.P	3	$12,370	71
@CD.P	2	-$2,620	11		@SI.P	1	$1,220	22
@C.P	-4	$5,800	89		@HG.P	2	$35,900	139
@W.P	-3	$700	36		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$775	21
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	-$1,700	6
		Total Open Trades			$69,478
		Total Closed Trades			$7,580
		Total			$77,058

Good evening, and good luck!