The employment situation report had a little of everything today, job creation was below expectation, but the unemployment rate came in at a scorching 4.7%... Bonds sold off on the news, but ended higher on the day. Equities never really got out of the blocks. Crude was up and gold was off. Also, the grains continue to push higher on drought concerns.
We exited our NQ position at the close today, and we also sold 1 contract of the Japanese Yen at the close as well. Those positions will appear on Monday's reports.
Our TNR model didn't fare too well, looking for a reversion day in ES. We had two winners and two losers, but the losers far outweighed the winners, with a net loss of $578 on the day. Monday we are calling for a neutral day 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 | -4 | -$388 | 2 | @SB.P | 3 | $15,523 | 90 | |
@EC.P | 0 | $0 | 0 | @CT.P | 0 | $0 | 0 | |
@JY.P | 0 | $0 | 0 | @GC.P | 3 | $14,370 | 101 | |
@CD.P | 2 | $1,020 | 10 | @SI.P | 1 | $4,350 | 52 | |
@C.P | 0 | $0 | 0 | @HG.P | 2 | $13,300 | 169 | |
@W.P | 0 | $0 | 0 | @LB.P | 0 | $0 | 0 | |
@S.P | 0 | $0 | 0 | @ES | 2 | $1,075 | 51 | |
@CL.P | 1 | -$1,080 | 12 | @YM | 0 | $0 | 0 | |
@HO.P | 0 | $0 | 0 | @NQ | 2 | $340 | 36 | |
Total Open Trades | $48,511 | |||||||
Total Closed Trades | -$8,440 | |||||||
Total | $40,071 |
Good luck, and have a fantastic weekend!
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