Today was definately a mixed bag in terms of results. We had decent moves in a number of contracts, some in our favor and some against. Silver had a break-out day, closing at a new high. Sugar finally broke out of the range it has been in over the past 2 weeks (to the upside), bonds sold off on the back of Bernanke's hawkish speech in New York last night, and in a related development, the dollar strengthed (which helped our short Yen position). That was the good news. On the flip side, Equities slid hard, Gold sold off, and our new short position in Corn took a pretty good hit.

Our TNR model also performed poorly today, with both contracts triggering our money management stops. Ironically, we were stopped out of a short position in ES on the morning rally, and a long position in NQ on the afternoon fade. Tomorrow we are calling for a reversion day 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	$1,738	33		@SB.P	3	$7,862	121
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	-$1,263	31		@GC.P	3	$8,850	132
@CD.P	0	$0	0		@SI.P	1	$7,970	83
@C.P	-6	-$1,775	1		@HG.P	2	$14,750	200
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$4,250	83
@CL.P	0	$0	0		@YM	3	$1,120	4
@HO.P	0	$0	0		@NQ	0	$0	0
		Total Open Trades			$43,502
		Total Closed Trades			-$14,420
		Total			$29,082

Good luck and have a great evening!