Tuesday, July 18, 2006

We had some serious technical glitches today, so sorry for the late post...

Bonds continued to show weakness for the second straight day, with worries about Bernanke's testimony to congress continuing to dominate. Crude and Gold were hit pretty hard despite the ongoing military action in Lebanon. This could be a buy the rumor, sell the news type of event (the knee-jerk buying on fears of a widening of the conflict, and then selling once the news is fully discounted).

Just a bit more weakness in Soybeans and in the Japanese Yen could get us short those two markets in here.

Our TNR model had a bad day, with three losing trades out of three. We are looking at a neutral day in both contracts for Wednesday.

Today's trades:


Entry Entry

Exit Exit


Entry Time Price
Exit Time Price
Contracts P/L










Buy 09:40 1488.25 NQ Sell 10:15 1480.50
2 -$342.00
Sell 10:15 1480.50 NQ Cover 16:00 1483.00
2 -$132.00
Buy 09:45 1245.50 ES Sell 11:00 1238.75
2 -$707.00


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 $456 58
@KC.P -1 $1,469 34
@FV.P -4 $7,738 115 @SB.P 0 $0 0
@EC.P 0 $0 0 @CT.P -3 $8,035 67
@JY.P 0 $0 0
@GC.P 0 $0 0
@CD.P 0 $0 0 @SI.P 0 $0 0
@C.P 0 $0 0 @HG.P 2 $82,750 281
@W.P 0 $0 0
@LB.P -1 $3,749 40
@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
$104,197




Total Closed Trades -$4,506




Total

$99,691



Good luck and have a great evening!

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