We saw a bit of a "snap-back" in most of our positions today, with the exception of Yen and Sugar, both of which moved moderately against us. Sugar is certainly feeling the effects of lower Crude prices, as expected (Over the past several months, Sugar moved up in sympathy with oil prices, with ethanol is becoming a viable energy input higher Crude prices). Bond prices fell, and our S&P position had a very nice day.

Our TNR position called for a trend day, but we were whipsawed out of our positions in the morning chop, and finished with a net loss of $996 on the day. Tomorrow we are calling for a reversion day in ES and neutral in 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	-4	$1,425	9		@SB.P	3	$10,214	97
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	-$1,463	7		@GC.P	3	$7,560	108
@CD.P	2	-$280	17		@SI.P	1	$2,125	59
@C.P	0	$0	0		@HG.P	2	$11,225	176
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$2,350	58
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	2	$2,520	0
		Total Open Trades			$35,677
		Total Closed Trades			-$12,540
		Total			$23,137

Good luck, and have a great evening!