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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