Well... If you were short equities and long metals yesterday, you are feeling pretty good about yourself today.

Fortunately, we had at least one half of that equations (long metals) and the moves int that market are pretty astounding. Call me paranoid if you want, but it looks like something is going on behind the scenes right now that we may be reading about in the papers in a few weeks.

Equities decided, I guess, that the Fed is NOT done raising rates, and reacted accordingly. Bonds also sold off on the news, and the dollar was mixed.

Our TNR Model was calling for a Reversion day in NQ and a Trending day in ES, and we again were half right. Net total gains on the day were $846, on 2 ES trades (one winner, one loser) and 1 NQ trade (money management stop on the initial sell-off). Tomorrow we are 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	$550	12		@KC.P	0	$0	0
@FV.P	-4	$6,738	69		@SB.P	3	$9,979	157
@EC.P	0	$0	0		@CT.P	0	$3,880	21
@JY.P	0	$0	0		@GC.P	3	$57,840	168
@CD.P	3	$7,960	16		@SI.P	1	$29,185	119
@C.P	0	$0	0		@HG.P	2	$96,150	236
@W.P	0	$0	0		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	2	$4,625	119
@CL.P	1	$970	18		@YM	3	$4,435	40
@HO.P	1	$5,768	22		@NQ	0	$0	0
		Total Open Trades			$228,080
		Total Closed Trades			-$29,903
		Total			$198,177

Good luck, and have a great evening!