Equities and bonds saw a bit of a bid today after Bernanke's Congressional testimony indicated that the Fed may pause after one more rate hike. Needless to say, the dollar was hit pretty hard on that news. Most of the other commodities we track lost some ground as well, with Energy leading the way.
Our TNR model got caught on the wrong side of the Bernanke rally, and we hit our money management stops in both contracts for a net loss of -$1090 on the day. 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 | -2 | -$294 | 2 | @KC.P | 0 | $0 | 0 | |
@FV.P | -4 | $5,550 | 59 | @SB.P | 3 | $8,232 | 147 | |
@EC.P | 0 | $0 | 0 | @CT.P | 0 | $4,720 | 11 | |
@JY.P | 0 | $0 | 0 | @GC.P | 3 | $32,280 | 158 | |
@CD.P | 3 | $2,770 | 6 | @SI.P | 1 | $16,860 | 109 | |
@C.P | 0 | $0 | 0 | @HG.P | 2 | $63,000 | 226 | |
@W.P | 0 | $0 | 0 | @LB.P | 0 | $0 | 0 | |
@S.P | 0 | $0 | 0 | @ES | 2 | $5,000 | 109 | |
@CL.P | 1 | -$1,380 | 8 | @YM | 3 | $1,345 | 31 | |
@HO.P | 1 | $1,451 | 12 | @NQ | 3 | -$1,385 | 15 | |
Total Open Trades | $138,149 | |||||||
Total Closed Trades | -$23,758 | |||||||
Total | $114,391 |
Good luck and have a great evening!
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