We had interesting intraday reversals in many markets today, which could be signaling at least a medium term change in direction. None of our positions moved all that much on a close to close basis, and our overall open trade equity barely even budged. The most noticable reversal was in the dollar, which opened stronger and proceded to tank for the rest of the day.
We are again selling the soybean market short, selling 3 July contracts at the market close today. That position will appear on tomorrow's reports.
Our TNR model was calling for a Reversion day in both contracts. Our NQ positions were profitable for most of the day, but our ES position hit a money management stop on the second trade of the day. Nevertheless, overall we saw a net total gain of $736 on the day. Tomorrow we are again looking 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 | -$919 | 19 | @KC.P | 0 | $0 | 0 | |
@FV.P | -4 | $5,050 | 76 | @SB.P | 3 | $0 | 0 | |
@EC.P | 0 | $0 | 0 | @CT.P | 0 | $7,090 | 28 | |
@JY.P | 0 | $0 | 0 | @GC.P | 3 | $38,670 | 175 | |
@CD.P | 3 | $4,480 | 23 | @SI.P | 1 | $16,660 | 126 | |
@C.P | 0 | $0 | 0 | @HG.P | 2 | $73,075 | 243 | |
@W.P | 0 | $0 | 0 | @LB.P | 0 | -$343 | 1 | |
@S.P | 0 | $0 | 0 | @ES | 2 | $0 | 0 | |
@CL.P | 0 | $0 | 0 | @YM | 0 | $0 | 0 | |
@HO.P | 1 | -$1,111 | 29 | @NQ | 0 | $0 | 0 | |
Total Open Trades | $142,652 | |||||||
Total Closed Trades | -$26,915 | |||||||
Total | $115,737 |
Good luck, and have a great evening!
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