Not a bad finish for the week. Bonds, Heating Oil and Cotton let us down, but the Metals and Lumber more than made up the lost ground.

This week saw some very interesting price action, with what looks like consolidation moves in most markets. We now have a holiday weekend, which often is a demarcation point in trend/consolidation cycles. Next week should begin to give us some clues as to which markets will reassert their trends, and which trends are finished.


Our TNR model was calling for a reversion day in ES, but there was such little movement, we wound up with only 2 trades for a net gain of $168 on the day. Tuesday we are looking for a Trending day in both ES and NQ.

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	-$700	23		@KC.P	0	$0	0
@FV.P	-4	$5,363	80		@SB.P	3	$0	0
@EC.P	0	$0	0		@CT.P	0	$4,435	32
@JY.P	0	$0	0		@GC.P	3	$36,600	179
@CD.P	3	$6,220	27		@SI.P	1	$18,160	130
@C.P	0	$0	0		@HG.P	2	$90,750	247
@W.P	0	$0	0		@LB.P	0	$372	5
@S.P	-3	-$200	4		@ES	2	$0	0
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	1	$900	33		@NQ	0	$0	0
		Total Open Trades			$161,900
		Total Closed Trades			-$26,915
		Total			$134,985

Good luck, and have a relaxing Memorial day weekend!