Bonds up, dollar down - sounds like business as usual, but the equities and interest rate markets do seem to be decoupling a bit in here. Maybe there really is something to this idea of a slowing economy. The metals all were hit today, with copper fading in a fairly large way.

Our TNR model wound up making a very small amount on three trades. The reversion action worked well in the morning, but the afternoon swoon, with no reaction rallies, hurt us a bit. Tomorrow we are calling for a Trending day in ES and a neutral day in NQ.

Today's trades:

	Entry	Entry			Exit	Exit
Entry	Time	Price		Exit	Time	Price		Contracts	P/L
Buy	10:00	1264.50	ES	Sell	11:05	1267.25		1	$121.50
Sell	11:05	1267.25	ES	Cover	13:45	1261.50		1	$271.50
Buy	13:45	1261.50	ES	Sell	16:00	1255.75		1	-$303.50

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	-$1,075	60		@KC.P	-1	$1,956	36
@FV.P	-4	$5,613	117		@SB.P	0	$0	0
@EC.P	0	$0	0		@CT.P	-3	$8,005	69
@JY.P	-1	-$175	1		@GC.P	0	$0	0
@CD.P	0	$0	0		@SI.P	0	$0	0
@C.P	0	$0	0		@HG.P	2	$74,500	283
@W.P	0	$0	0		@LB.P	-1	$3,881	42
@S.P	-3	$25	1		@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			$92,730
		Total Closed Trades			-$4,506
		Total			$88,224

Good luck, and have a great evening!