We saw a bit of a bounce back in the precious metals today, but Silver is still well below its impressive high set on Wednesday. Copper had a strong rally today as well, closing the week at a new high.
In other markets, our Cotton and Sugar trades continue to do well, but our currency trades don't seem to be panning out. Crude oil and Heating oil both ended the week at new highs, with covering from nervous traders driving up prices ahead of the weekend. As the charts show, our Open Equity curve for System B continues to grow at a torrid pace, but I expect to see some volatility creep into the picture as the markets in general get whipsawed on a day to day basis.
Our TNR model made some money on the NQ selloff today, netting $879 on two trades. We are calling for a Reversion day in NQ on Monday, and a Neutral day in ES.
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 | $5,050 | 55 | @SB.P | 3 | $9,610 | 143 | |
@EC.P | 0 | $0 | 0 | @CT.P | 0 | $2,065 | 7 | |
@JY.P | -1 | -$1,163 | 53 | @GC.P | 3 | $32,040 | 154 | |
@CD.P | 3 | -$800 | 2 | @SI.P | 1 | $19,970 | 105 | |
@C.P | 0 | $0 | 0 | @HG.P | 2 | $55,575 | 222 | |
@W.P | 0 | $0 | 0 | @LB.P | 0 | $0 | 0 | |
@S.P | -2 | -$675 | 13 | @ES | 2 | $5,200 | 105 | |
@CL.P | 1 | $2,820 | 4 | @YM | 3 | $2,110 | 26 | |
@HO.P | 1 | $5,294 | 8 | @NQ | 3 | -$1,895 | 11 | |
Total Open Trades | $135,201 | |||||||
Total Closed Trades | -$20,145 | |||||||
Total | $115,056 |
Good luck, and have a fantastic weekend!
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