The market still doesn't like the Fed interest rate outlook, and that was reflected in today's equity price action. All three indexes finished the day substantially down, and Bonds sold off again today.

Despite the market's renewed perception of higher rates, the Dollar continues to take a beating. Could this be the start of a major currency disruption? It's hard to say, but right now it does look like the Fed will need to continue to flex its muscles simply to keep the dollar's decline from running out of control.

The metals and energy both gave back some of yesterday's gains, but that is to be expected after big moves.

We exited our Long ES position today at the market close. That position will be reflected in Monday's reports.


Our TNR model had a nice day today, as there was enough back and forth price action in ES to give us a number of profitable trades. Our NQ position hit a money management stop again early in the morning. Net total gains on the day were $925. We are calling for a reversion day again for both contracts on Monday.

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	$1,113	13		@KC.P	0	$0	0
@FV.P	-4	$7,238	70		@SB.P	3	$9,811	158
@EC.P	0	$0	0		@CT.P	0	$2,770	22
@JY.P	0	$0	0		@GC.P	3	$54,930	169
@CD.P	3	$5,890	17		@SI.P	1	$25,685	120
@C.P	0	$0	0		@HG.P	2	$93,200	237
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$2,975	120
@CL.P	1	-$310	19		@YM	3	$2,485	41
@HO.P	1	$3,681	23		@NQ	0	$0	0
		Total Open Trades			$209,467
		Total Closed Trades			-$29,903
		Total			$179,564

Good luck, and have a relaxing weekend!