The metals continue to defy gravity. What a day, with all three contracts (Gold, Silver, and Copper) setting significant new highs. It's hard to believe that they can continue to act like this, but I was saying that back in January as well.

The other big news on the day was the selloff in bonds. We breached some significant technical support levels today, and caught a downdraft when the stops kicked in.

Our TNR model lost another $1090 today, and really seems to be out of synch with the moves we are seeing in the equity index markets. We are calling for a reversion day in ES again tomorrow.

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	$3,988	40		@SB.P	3	$12,062	128
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	-$938	38		@GC.P	3	$18,930	139
@CD.P	0	$0	0		@SI.P	1	$13,445	90
@C.P	-6	-$3,050	8		@HG.P	2	$22,775	207
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$4,250	90
@CL.P	0	$0	0		@YM	3	-$605	12
@HO.P	0	$0	0		@NQ	0	$0	0
		Total Open Trades			$70,857
		Total Closed Trades			-$14,420
		Total			$56,437

Good luck and have a great evening!