Copper continues to be the market that defies gravity, with the March contract setting a new high on the day. We haven't heard much recently about the rogue Chinese Copper trader, but I wonder if that situation has fully played itself out yet...

Our Crude position and our NQ position are both starting to look precarious, and another day like today could easily see our stops hit in both of those contracts. Sugar looks good, and our new Five Year Note position is the only bond contract that was down on the day.

Our TNR model called for a Trending day in ES today, and we rode a short position from 11:00 all the way down to our exit at 4:00. We made $493 on the day. TNR is calling for a Reversion day in ES tomorrow, and Neutral in NQ.

Incidently, you may be wondering why our 5-year bond position is showing a loss, if the market moved in our favor today...

The System B model report builds in a loss of $200 on each side of every trade to account for slippage and commissions. On a liquid, electronic market like Treasury Futures, we will always experience much better fills. Other markets, like Lumber, that could be a realistic figure!

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	-4	-$138	1		@SB.P	3	$15,019	89
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	0	$0	0		@GC.P	3	$15,930	100
@CD.P	2	$1,140	9		@SI.P	1	$4,935	51
@C.P	0	$0	0		@HG.P	2	$13,350	168
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$1,725	50
@CL.P	1	-$1,770	11		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	$1,200	35
		Total Open Trades			$51,392
		Total Closed Trades			-$8,440
		Total			$42,952

Good luck, and have a great evening!