Crude started the day with a $73 handle and that got the equity market's juices flowing. No one wants to miss that countertrend rally when things settle down in the mideast, and with Condi's surprise visit to Beruit it looked like something was happening. We ended the day with Crude trading well above $75, but equities were able to sustain the rally, finishing the day quite strong.
Our TNR model was looking for a Trending day in NQ, but we reversed out of our long at the mid-day sell-off. When the rally started back up in earnest we were on the wrong side, and were stopped out with a money management stop. Tomorrow we are looking for a reversion day in ES and a neutral day in NQ.
Today's TNR Trades:
Entry | Entry | Exit | Exit | ||||||
Entry | Time | Price | Exit | Time | Price | Contracts | P/L | ||
Buy | 09:50 | 1474.25 | NQ | Sell | 13:10 | 1478.00 | 2 | $118.00 | |
Sell | 13:10 | 1478.00 | NQ | Cover | 15:15 | 1489.75 | 2 | -$502.00 |
Today's total P/L: -$384
YTD TNR Total P/L: $6451
Our open System B trades:
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 | 0 | $0 | 0 | @KC.P | -1 | $2,613 | 38 | |
@FV.P | 0 | $0 | 0 | @SB.P | 0 | $0 | 0 | |
@EC.P | 0 | $0 | 0 | @CT.P | -3 | $5,365 | 71 | |
@JY.P | -1 | -$150 | 3 | @GC.P | 0 | $0 | 0 | |
@CD.P | 0 | $0 | 0 | @SI.P | 0 | $0 | 0 | |
@C.P | -4 | -$550 | 1 | @HG.P | 2 | $73,125 | 285 | |
@W.P | 0 | $0 | 0 | @LB.P | -1 | $4,552 | 44 | |
@S.P | -3 | $175 | 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 | $85,130 | |||||||
Total Closed Trades | -$56 | |||||||
Total | $85,074 |
Good luck, and have a great evening!
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