It was all Metals today, with Gold, Silver and Copper zooming higher. The overall consensus seems to be that the global economy is chugging on all cylinders right now, and the metals are the happy recepients of money looking to capitalize on that growth.
The Equity indexes for the most part were just marking time ahead of the Fed meeting tomorrow, with everyone waiting to see if the wording of the "Bernanke Fed" announcement at 2:15 differs greatly from his predecessor's communique.
Our TNR model is missing our a bit in this low volatility environment. We called for a Trending day in both contracts again today (that is the second day in a row) and lost a net total of $618 on three trades. Tomorrow we are calling for a trending day again. I'm not sure of when we last saw a Trending day forecast 3 days in a row, but it has been over 8 months for sure.
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 | $1,613 | 37 | @SB.P | 3 | $9,408 | 125 | |
@EC.P | 0 | $0 | 0 | @CT.P | 0 | $0 | 0 | |
@JY.P | -1 | -$1,588 | 35 | @GC.P | 3 | $12,390 | 136 | |
@CD.P | 0 | $0 | 0 | @SI.P | 1 | $9,620 | 87 | |
@C.P | -6 | -$1,250 | 5 | @HG.P | 2 | $20,050 | 204 | |
@W.P | 0 | $0 | 0 | @LB.P | 0 | $0 | 0 | |
@S.P | 0 | $0 | 0 | @ES | 2 | $4,600 | 87 | |
@CL.P | 0 | $0 | 0 | @YM | 3 | $1,120 | 8 | |
@HO.P | 0 | $0 | 0 | @NQ | 0 | $0 | 0 | |
Total Open Trades | $55,963 | |||||||
Total Closed Trades | -$14,420 | |||||||
Total | $41,543 |
Good luck, and have a great evening!
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