No matter how you slice it, it was a tough week for virtually all our positions. The only position that moved in our favor was Cotton, and we were stopped out of positions in ES, YM, CL and SB. The metals took a material hit over the course of the week, and Copper, which had been somewhat immune to the price action in precious metals was down substantially today.

On the bright side, we are still up over 55% YTD, which is double our historical annual return with this model, and it's only the end of May.

We have a new position, selling short 1 contract of July Lumber on the close today. We are still very close to shorting Coffee as well.

Our TNR model was a bust again today, hitting our money management stop in NQ on the morning sell-off. As you can see from the chart, we have been experiencing a lot of sideways action in TNR this year... hopefully things will start to improve. For Monday, 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	-$638	18		@KC.P	0	$0	0
@FV.P	-4	$5,363	75		@SB.P	3	$0	0
@EC.P	0	$0	0		@CT.P	0	$6,805	27
@JY.P	0	$0	0		@GC.P	3	$38,640	174
@CD.P	3	$3,040	22		@SI.P	1	$16,310	125
@C.P	0	$0	0		@HG.P	2	$73,450	242
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$0	0
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	1	-$1,636	28		@NQ	0	$0	0
		Total Open Trades			$141,334
		Total Closed Trades			-$26,915
		Total			$114,419

Good luck, and have a fantastic weekend.