Bonds down, equities up... and all is right with the world. Apparently many folks decided to rethink the knee-jerk reaction to yesterday's Fed action, and we had a nice reaction rally in the equity markets - particularly in the Nasdaq.
Metals had another big day, with all three of the markets we trade making new highs. Really, the only fly in the ointment today was Corn, which continues to rally and hasn't touched our entry point since we put on the trade.
Another disappointing day for our TNR model, losing $1090 on two money management stops being hit. We will stick with the program, however, and tomorrow we are calling for a reversion day again in both contracts.
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 | $3,300 | 39 | @SB.P | 3 | $11,827 | 127 | |
@EC.P | 0 | $0 | 0 | @CT.P | 0 | $0 | 0 | |
@JY.P | -1 | -$513 | 37 | @GC.P | 3 | $14,970 | 138 | |
@CD.P | 0 | $0 | 0 | @SI.P | 1 | $10,720 | 89 | |
@C.P | -6 | -$2,000 | 7 | @HG.P | 2 | $20,475 | 206 | |
@W.P | 0 | $0 | 0 | @LB.P | 0 | $0 | 0 | |
@S.P | 0 | $0 | 0 | @ES | 2 | $4,500 | 89 | |
@CL.P | 0 | $0 | 0 | @YM | 3 | $355 | 10 | |
@HO.P | 0 | $0 | 0 | @NQ | 0 | $0 | 0 | |
Total Open Trades | $63,635 | |||||||
Total Closed Trades | -$14,420 | |||||||
Total | $49,215 |
Good luck and have a great evening
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