Wednesday, July 05, 2006

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!

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