Welcome to 2006! The first day of trading worked out well for us, both in System B and in our TNR system. Gold and Silver rallied strongly, along with the equity indexes. These more than offset our fairly sizable losses in Sugar and the Yen. We exited our Corn trade today, covering 4 contracts at the close. This gets us out of our last grain position. That position will be reflected in tomorrow's reports.


Our TNR system indicated a trend day in NQ, and a neutral day in ES. As you can see from the chart on the right, we caught the initial down move, reversed long around 11:45, and followed the trend up all the way to our 4:00 exit time. Net profit on the day was a very respectable $3088. An excellent start to the year, let's hope that our TNR system works better in 2006 than it did at the end of 2005. TNR is calling for a reversion day in ES and NQ tomorrow.






We have reset our open position P/L report to reflect the new year. All P/L is relative to our closing positions on December 30, 2005. However, the "days in trade" column still reflects the total number of days since entering the position.

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	-$1,680	67
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	-$1,725	66		@GC.P	3	$4,080	78
@CD.P	2	$960	18		@SI.P	1	$1,350	29
@C.P	-4	-$850	96		@HG.P	2	$325	146
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$2,000	28
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	$1,440	13
		Total Open Trades			$5,900
		Total Closed Trades			$0
		Total			$5,900

Good evening, and good luck!