Thursday, June 29, 2006

The markets sure seemed to like the Fed announcement today! Equities had a monster rally, Bonds were up, Crude was up, everything is coming up roses! The dollar of course got hit pretty hard on lower rate expectations - everything seems to be focused on interest rate differentials in that market right now (which is not always the case).

Our grain positions haven't been looking very good over the past few days - we need some good weather in the nation's breadbasket to help us with these crops!

Finally, Copper had it's strongest day in several months. Technical covering, merger talk from earlier in the week, and a hope that the Fed may be done soon all helped to put a nice bid to the market.

Our TNR model did OK today - we were long ES going into the Fed announcement, and were able to ride the wave all the way to our 4:00 exit, for a gain of $1747 on two contracts. Unfortunately, we were stopped out of our NQ long around 1:00, and missed that rally. Even so, net gains on the day were $1185. 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 $1,363 46
@KC.P -1 $813 22
@FV.P -4 $8,613 103 @SB.P 0 $0 0
@EC.P 0 $0 0 @CT.P -3 $8,800 55
@JY.P 0 $0 0
@GC.P 0 $0 0
@CD.P 3 $5,440 50 @SI.P 0 $0 0
@C.P -5 $925 10 @HG.P 2 $70,075 270
@W.P 0 $0 0
@LB.P -1 $2,572 28
@S.P -3 -$2,038 3 @ES 0 $0 0
@CL.P 0 $0 0 @YM 0 $0 0
@HO.P 0 $0 0 @NQ 0 $0 0











Total Open Trades
$96,562




Total Closed Trades $3,815




Total

$100,377



Good luck, and have a great evening!

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