Thursday, June 15, 2006

We had a nice, healthy bounce from copper today, as the continued dollar weakness soothed some nerves. Bonds again were hit, but equities had a very big day. It seems like economic strength is finally having a positive impact on equity prices, unlike earlier in the year when fears of additional Fed tightening would hit equities just as hard as bonds.

The weakness in the grains has prompted us to sell short 5 contracts of July Corn at the close. This position will be reflected in tomorrow's reports.

Our TNR model had another nice day, calling for a Trending day in ES and NQ. We got long mid-morning, and rode it out to our 4:00 exit. Net gains on the day were a total of $1247 on two trades (one ES and one NQ). 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 $113 36
@KC.P -1 $775 12
@FV.P -4 $7,238 93 @SB.P 0 $0 0
@EC.P 0 $0 0 @CT.P -3 $2,770 45
@JY.P 0 $0 0
@GC.P 0 $0 0
@CD.P 3 $4,390 40 @SI.P 0 $0 0
@C.P 0 $0 0 @HG.P 2 $60,750 260
@W.P 0 $0 0
@LB.P -1 $1,417 18
@S.P 0 $0 0 @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
$77,452




Total Closed Trades $3,815




Total

$81,267



Good luck, and have a great evening!

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