Tuesday, March 14, 2006

Bonds and Equities rallied in a strong, coordinated push up today. The initial impetus for the move was a weaker than expected retail sales number, and then a well respected think tank opined that the Fed would be finished at 5% Fed Funds. After that it was off to the races in the bond market. Prices stabilized a bit at the end of the day. It will be interesting to see if the market can hold these gains tomorrow.

Precious and base metals rallied as well today, along with oil. As anticipated in yesterday's commentary, we went long 3 contracts of June Dow futures at the close (YMM06). That position will be reflected in tomorrow's reports.

Our TNR model had a second good day in a row - going long ES in the morning and riding it up to the close. The NQ contract was a bit choppier, getting us long first thing, then reversing short, and finally reversing long late in the morning and staying in that position to the close. Net gains on the day were $567 in NQ and $942 in ES, for a total of $1509.
UPDATE: We are calling for a Reversion day in both contracts on Wednesday (3/15/06 -8:15AM)

Our open 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 $1,675 28
@SB.P 3 $5,779 116
@EC.P 0 $0 0
@CT.P 0 $0 0
@JY.P -1 -$1,075 26
@GC.P 3 $8,790 127
@CD.P 0 $0 0
@SI.P 1 $6,370 78
@C.P 0 $0 0
@HG.P 2 $11,250 195
@W.P 0 $0 0
@LB.P 0 $0 0
@S.P 0 $0 0
@ES 2 $4,375 78
@CL.P 0 $0 0
@YM 0 $0 0
@HO.P 0 $0 0
@NQ 0 $0 0











Total Open Trades
$37,164




Total Closed Trades -$14,420




Total

$22,744



Good luck, and have a great evening!

1 Comments:

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1:30 AM  

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