Monday, July 24, 2006

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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