Bonds melted down on the stronger than expected ADP payroll data, which indicates stronger than expected non-farm payroll data on Friday. Fed Fund Futures have dramatically increased the implied liklihood of another Fed tightening in August as a result of that data. Higher rates hit the equities markets, along with higher oil prices. All in all, a messy day in the US financial markets.

Our TNR model also didn't do very well, calling for a trending day, but not taking advantage of the early sell-off until too late. Net total, we lost $786 on 3 trades. For Thursday, we are calling for a Reversion day in NQ and a Neutral day in ES.

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 $1,675 49 @KC.P -1 -$913 25 @FV.P -4 $9,113 106 @SB.P 0 $0 0 @EC.P 0 $0 0 @CT.P -3 $9,100 58 @JY.P 0 $0 0 @GC.P 0 $0 0 @CD.P 3 $5,020 53 @SI.P 0 $0 0 @C.P -5 -$1,513 13 @HG.P 2 $74,225 272 @W.P 0 $0 0 @LB.P -1 $1,142 31 @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 $97,850 Total Closed Trades -$1,348 Total $96,502

Good luck, and have a great evening!