Category: Uncategorized

260520 positions, 260521 stops, reversals & objectives

Intraday Quotes
S&P 500 NASDAQ Dow Gold Silver
Copper Platinum Bitcoin Crude Gasoline
Swiss Euro Dollar Yen
How to track trades
 Order Log Net Performance (all 24) 
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JUN26 MINI SP 500       1859 Trading days from 190102 to 260520

Running .DAT file ESN011.DAT

Last trading day was 260520   Closing price was 7451.7500

Current V value is 171.250000 (685 ticks)  K1 value is 0.41
V*K1 for tomorrow is 70.212500 (281 ticks)

BuyStop for tomorrow is 7522.0000  SellStop is 7381.5000

Protective stop price is 6451.7500
Profit objective price is 7760.2500

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7448.2500
Open trade equity is 175.00

From 190102 total profit is 318162.50
            current drawdown is .7275.00
            maximum drawdown was .31150.00
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JUN26 MICRO SP 500       1859 Trading days from 190102 to 260520

Running .DAT file ESM004.DAT

Last trading day was 260520   Closing price was 7451.7500

Current V value is 171.250000 (685 ticks)  K1 value is 0.41
V*K1 for tomorrow is 70.212500 (281 ticks)

BuyStop for tomorrow is 7522.0000  SellStop is 7381.5000

Protective stop price is 0.0000
Profit objective price is 7760.2500

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7448.2500
Open trade equity is 17.50

From 190102 total profit is 17191.25
            current drawdown is .1091.25
            maximum drawdown was .4791.25
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JUN26 MINI NASDAQ 100       1859 Trading days from 190102 to 260520

Running .DAT file NQN002.DAT

Last trading day was 260520   Closing price was 29390.5000

Current V value is 1241.000000 (4964 ticks)  K1 value is 0.43
V*K1 for tomorrow is 533.630000 (2135 ticks)

BuyStop for tomorrow is 29728.7500  SellStop is 28661.5000

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is .20610.00
            maximum drawdown was .41970.00
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JUN26 MICRO NASDAQ 100       1859 Trading days from 190102 to 260520

Running .DAT file NQM008.DAT

Last trading day was 260520   Closing price was 29390.5000

Current V value is 1241.000000 (4964 ticks)  K1 value is 0.43
V*K1 for tomorrow is 533.630000 (2135 ticks)

BuyStop for tomorrow is 29728.7500  SellStop is 28661.5000

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is .2241.00
            maximum drawdown was .4332.00
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JUN26 DOW FUTURES       1859 Trading days from 190102 to 260520

Running .DAT file YMN016.DAT

Last trading day was 260520   Closing price was 50094.0000

Current V value is 1684.000000 (1684 ticks)  K1 value is 0.26
V*K1 for tomorrow is 437.840000 (438 ticks)

BuyStop for tomorrow is 50322.0000  SellStop is 49446.0000

Protective stop price is 40094.0000
Profit objective price is 54227.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 49967.0000
Open trade equity is 635.00

From 190102 total profit is 248800.00
            current drawdown is .9650.00
            maximum drawdown was .18315.00
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JUN26 MICRO DOW FUTURES       1859 Trading days from 190102 to 260520

Running .DAT file YMM015.DAT

Last trading day was 260520   Closing price was 50094.0000

Current V value is 1684.000000 (1684 ticks)  K1 value is 0.27
V*K1 for tomorrow is 454.680000 (455 ticks)

BuyStop for tomorrow is 50304.0000  SellStop is 49395.0000

Protective stop price is 46844.0000
Profit objective price is 54595.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 49995.0000
Open trade equity is 49.50

From 190102 total profit is 17646.00
            current drawdown is .1412.00
            maximum drawdown was .2361.50
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JUN26 GOLD 100       1858 Trading days from 190102 to 260520

Running .DAT file GC1005.DAT

Last trading day was 260520   Closing price was 4535.2998

Current V value is 126.100098 (12610 ticks)  K1 value is 0.80
V*K1 for tomorrow is 100.880078 (10088 ticks)

BuyStop for tomorrow is 4607.5800  SellStop is 4405.8200

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is .9516.00
            maximum drawdown was .27150.00
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JUN26 MINI GOLD 50       1858 Trading days from 190102 to 260520

Running .DAT file GC2014.DAT

Last trading day was 260520   Closing price was 4535.2998

Current V value is 111.384529 (11138 ticks)  K1 value is 0.86
V*K1 for tomorrow is 95.790695 (9579 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was .14128.00
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JUL26 MICRO GOLD 10       1858 Trading days from 190102 to 260520

Running .DAT file GC3010.DAT

Last trading day was 260520   Closing price was 4535.2998

Current V value is 178.500000 (17850 ticks)  K1 value is 0.63
V*K1 for tomorrow is 112.455000 (11246 ticks)

BuyStop for tomorrow is 4628.6900  SellStop is 4403.7800

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is .789.70
            maximum drawdown was .2478.50
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JUL26 5000 COMEX SILVER       1858 Trading days from 190102 to 260520

Running .DAT file SI1005.DAT

Last trading day was 260520   Closing price was 76.1810

Current V value is 3.605003 (3605 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.838552 (1839 ticks)

BuyStop for tomorrow is 78.0200  SellStop is 74.3420

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 932745.02
            current drawdown is 0.00
            maximum drawdown was .43100.00
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JUL26 2500 COMEX SILVER       1858 Trading days from 190102 to 260520

Running .DAT file SI2005.DAT

Last trading day was 260520   Closing price was 76.1810

Current V value is 3.605003 (3605 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.838552 (1839 ticks)

BuyStop for tomorrow is 78.0200  SellStop is 74.3420

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 445272.51
            current drawdown is 0.00
            maximum drawdown was .21625.00
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MAY26 1000 COMEX SILVER       1858 Trading days from 190102 to 260520

Running .DAT file SI3005.DAT

Last trading day was 260520   Closing price was 76.1810

Current V value is 3.605003 (3605 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.838552 (1839 ticks)

BuyStop for tomorrow is 78.0200  SellStop is 74.3420

Protective stop price is 125.1440
Profit objective price is 61.9440

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 75.1440
Open trade equity is .1037.00

From 190102 total profit is 150072.00
            current drawdown is 0.00
            maximum drawdown was .8740.00
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JUL26 COPPER 25000       1858 Trading days from 190102 to 260520

Running .DAT file HG1005.DAT

Last trading day was 260520   Closing price was 6.3305

Current V value is 0.822500 (16450 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.246750 (4935 ticks)

BuyStop for tomorrow is 6.5773  SellStop is 6.0838

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 142802.50
            current drawdown is .3722.50
            maximum drawdown was .14852.50
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JUL26 MINI COPPER 12500       1858 Trading days from 190102 to 260520

Running .DAT file HG2001.DAT

Last trading day was 260520   Closing price was 6.3305

Current V value is 0.822500 (16450 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.246750 (4935 ticks)

BuyStop for tomorrow is 6.5773  SellStop is 6.0838

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 61614.37
            current drawdown is .3448.75
            maximum drawdown was .7941.25
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OCT26 PLATINUM 50       1858 Trading days from 190102 to 260520

Running .DAT file PLA008.DAT

Last trading day was 260520   Closing price was 1977.8000

Current V value is 75.799927 (7580 ticks)  K1 value is 0.46
V*K1 for tomorrow is 34.867966 (3487 ticks)

BuyStop for tomorrow is 1999.6700  SellStop is 1929.9300

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is .807.50
            maximum drawdown was .10832.00
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JUL26 1000 CRUDE OIL       1858 Trading days from 190102 to 260520

Running .DAT file CL1012.DAT

Last trading day was 260520   Closing price was 98.2600

Current V value is 12.250000 (1225 ticks)  K1 value is 0.50
V*K1 for tomorrow is 6.125000 (612 ticks)

BuyStop for tomorrow is 104.3900  SellStop is 92.1400

Protective stop price is 141.0700
Profit objective price is 79.6800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 94.7800
Open trade equity is .3480.00

From 190102 total profit is 219430.00
            current drawdown is .11090.00
            maximum drawdown was .21750.00
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JUL26 500 CRUDE OIL       1858 Trading days from 190102 to 260520

Running .DAT file CL2010.DAT

Last trading day was 260520   Closing price was 98.2600

Current V value is 12.250000 (1225 ticks)  K1 value is 0.50
V*K1 for tomorrow is 6.125000 (612 ticks)

BuyStop for tomorrow is 104.3900  SellStop is 92.1400

Protective stop price is 191.0700
Profit objective price is 79.6800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 94.7800
Open trade equity is .1740.00

From 190102 total profit is 103790.00
            current drawdown is .5570.00
            maximum drawdown was .10900.00
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OCT26 42000 GASLOINE       1858 Trading days from 190102 to 260520

Running .DAT file RBN005.DAT

Last trading day was 260520   Closing price was 2.8342

Current V value is 0.246400 (2464 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.123200 (1232 ticks)

BuyStop for tomorrow is 2.9574  SellStop is 2.7110

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was .14938.40
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MAY26 MICRO BITCOIN       1859 Trading days from 190102 to 260520

Running .DAT file BTC022.DAT

Last trading day was 260520   Closing price was 77705.0000

Current V value is 3335.000000 (3335 ticks)  K1 value is 0.56
V*K1 for tomorrow is 1867.600000 (1868 ticks)

BuyStop for tomorrow is 79323.0000  SellStop is 75587.0000

Protective stop price is 88585.0000
Profit objective price is 49269.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 79269.0000
Open trade equity is 156.40

From 190102 total profit is 23928.00
            current drawdown is .2541.80
            maximum drawdown was .3038.00
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JUN26 1250000 YEN       1859 Trading days from 190102 to 260520

Running .DAT file J6N012.DAT

Last trading day was 260520   Closing price was 0.6309

Current V value is 0.004450 (45 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.003071 (31 ticks)

BuyStop for tomorrow is 0.6340  SellStop is 0.6278

Protective stop price is 0.6182
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is .250.00

From 190102 total profit is 63618.75
            current drawdown is .2431.25
            maximum drawdown was .9943.74
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JUN26 100000 DOLLAR INDEX       1894 Trading days from 190102 to 260520

Running .DAT file DXX016.DAT

Last trading day was 260520   Closing price was 99.0140

Current V value is 0.556000 (5560 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.233520 (2335 ticks)

BuyStop for tomorrow is 99.2475  SellStop is 98.7805

Protective stop price is 97.7410
Profit objective price is 101.9231

V is less than high filter value of 8750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 98.0231
Open trade equity is 990.90

From 190102 total profit is 30434.39
            current drawdown is .900.71
            maximum drawdown was .5535.50
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JUN26 125000 EURO FX       1859 Trading days from 190102 to 260520

Running .DAT file E6N015.DAT

Last trading day was 260520   Closing price was 1.1645

Current V value is 0.020200 (202 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.008484 (85 ticks)

BuyStop for tomorrow is 1.1730  SellStop is 1.1560

Protective stop price is 1.1896
Profit objective price is 1.1366

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.1742
Open trade equity is 1212.50

From 190102 total profit is 73662.50
            current drawdown is .1206.25
            maximum drawdown was .7062.50
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JUN26 62500 EUR0 FX MINI       1859 Trading days from 190102 to 260520

Running .DAT file E7M008.DAT

Last trading day was 260520   Closing price was 1.1645

Current V value is 0.020200 (202 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.008484 (85 ticks)

BuyStop for tomorrow is 1.1730  SellStop is 1.1560

Protective stop price is 1.1898
Profit objective price is 1.1366

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.1742
Open trade equity is 606.25

From 190102 total profit is 34131.25
            current drawdown is .628.12
            maximum drawdown was .3881.25
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JUN26 125000 SWISS FRANC       1859 Trading days from 190102 to 260520

Running .DAT file S6N003.DAT

Last trading day was 260520   Closing price was 1.2744

Current V value is 0.007000 (70 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.008750 (88 ticks)

260521 Open 1.2734		
V*K1 = 0.0088		
BuyStop for tomorrow is 1.2822 SellStop is 1.2647

Protective stop price is 1.6708
Profit objective price is 1.2178

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.2714
Open trade equity is .381.24

From 190102 total profit is 89718.76
            current drawdown is .2712.51
            maximum drawdown was .9587.51
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Disclosure

Commentary 260519

EMA Chart, Quote & Opinion Page for all markets below
Message me for our report “Defining Risk with Premium Neutral Option Collars”

If you have questions contact me.

Tuesday’s session was a masterclass in market divergence as equity markets suffered an aggressive mid-day reversal, while the broader commodity complex continued to flash heavy cost-push inflationary signals. Robust structural demand across traditional hard assets and persistent front-end rate pressures caught growth-oriented equity portfolios on their heels. While small caps and tech bore the brunt of the liquidations, traditional blue-chip value pockets and key international manufacturing hubs caught a resilient defensive rotation as macro funds adjusted to a “higher-for-longer” industrial landscape.
x
THE EQUITY GAP AND RISK REVERSAL
The primary macro driver for today’s session was a stark valuation split across the equity landscape. The tech-heavy Nasdaq 100 futures slid nearly 200 points, closing at 28699, alongside a direct drop in the S&P 500 E-Mini to 7372.5. This correction reveals deepening institutional anxiety regarding late-2026 corporate margin health as raw material costs spike. Conversely, global value-seeking capital rotated heavily into European manufacturing centers, driving solid, independent rallies across the DAX and Swiss indices as asset allocators favor near-term cash flows over high-multiple duration growth names.
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THE RETAIL COMMODITY SQUEEZE
While traditional equities wavered, raw input costs continued to solidify their permanent cost-push inflationary baseline. WTI Crude surged to settle at 104.03, aggressively pricing in physical supply constraints and localized shipping bottlenecks. The energy-blend tax was reinforced by RBOB Gasoline holding strong at 3.5541, reminding the street that the consumer transportation drag is actively expanding. This energy bid provided a structural floor under the agricultural sector, where critical global logistics friction kept Grains tightly coiled at the top of their multi-week ranges.
x
THE GREENBACK VACUUM AND CURRENCY TENSION

Fixed-income markets experienced sharp distribution across the short and intermediate curves, giving a powerful fundamental lift to the U.S. Dollar Index, which climbed to 99.266. This surging Greenback acted as a financial vacuum, systematically draining liquidity out of high-beta risk proxies and putting immense structural pressure on major international trading pairs. The British Pound fell to 1.3395 and the Euro slipped to 1.16195, directly reflecting the continent’s heightening vulnerability to imported energy and manufacturing input cost shocks.

INDICES
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ES S&P 500 (ESM26)
    • High-Altitude Pullback: The S&P 500 futures settled down at 7372.5, bowing to pressure as the re-acceleration of the global commodity price cycle forced a defensive portfolio rotation.
    • Sector Divergence: Strong capital retention in traditional industrial value counters was entirely wiped out by a broad distribution wave hitting consumer discretionary and growth names.
    • Yield Pressure: Intermediate Treasury yields pushed higher late in the session, effectively capping the index’s ability to mount a late-afternoon relief rally.
NQ NASDAQ 100 (NQM26)
    • Margin Compression: The Nasdaq 100 dropped sharply to settle at 28699, as institutional portfolios reacted to the reality of rising input and transport costs on tech hardware margins.
    • Duration Sensitivity: High-valuation multiples faced immediate headwinds as front-end yields crept higher, increasing the discount rate on distant tech earnings.
    • AI Fatigue Waves: Active distribution out of semiconductor and chip-equipment leaders suggested macro profit-taking at records, with money rotating out of high-beta names.
YM Dow Jones (YMM26)
    • Value Outperformance: The Dow futures showed massive relative strength despite the broader market softness, settling down a marginal 338 points to 49430.
    • Industrial Bedrock: Heavy manufacturing, machinery, and defense counters within the 30-stock average caught an independent rotation from funds exiting growth.
    • Breakout Defense: The average successfully held above its primary multi-week technical floor, proving structural long-term accumulation dominates old-economy value.
QR Russell 2000 (RTYM26)
    • Small-Cap Liquidation: Small caps bore the brunt of today’s rate anxieties, with the Russell 2000 futures sliding heavily to settle at 2752.
    • Credit Squeeze Realities: Floating-rate domestic firms faced direct selling pressure as the sticky commodity inflation backdrop delays expectations for near-term Fed policy relief.
    • Domestic Sanctuary Limits: Despite robust internal retail and hiring data, the index succumbed to the massive multi-day surge in intermediate corporate borrowing costs.
FX Euro Stoxx 50 (Euro Stoxx 50 Futures)
  • Continental Resilience: The Euro Stoxx futures defied the domestic U.S. sell-off to settle higher at 3963, highlighting a distinct geographical asset allocation shift.
  • Manufacturing Relief: European blue-chips caught an aggressive relief bid as regional funds identify heavy exporters as top-tier global value structures.
  • ECB Balancing Act: The index remains anchored by expectations that the ECB must remain nimble to prevent an energy-led industrial slowdown.
SZ Swiss Index (Swiss Market Index Futures)
    • Defensive Sanctuary: The Swiss Market Index jumped higher to 13384, capturing immediate safety flows as global macro volatility increased.
    • Franc Stability Floor: A highly competitive Swiss currency continues to shield major global pharma and consumer staple margins from international logistics friction.
    • Quality Inflow Capture: The index remains the premier destination for institutional managers seeking maximum capital preservation away from high-beta tech.
MX CAC 40 (CAC 40 Futures)
    • Luxury Sector Pause: The French CAC 40 index experienced a mild, calculated flattening, settling down a marginal 6 points to 7965.
    • Input Margin Friction: Heavy French industrial and chemical components faced minor profit-taking as summer-grade electricity and fuel projections ticked higher.
    • Financial Steepening Floor: Major French banking institutions held their ground, supported by a widening yield spread and steady commercial loan demand.
AE AEX (AEX Index)
    • Tech Drag Transmission: The Dutch index settled down to 1017.56, directly tracking the softer tone of the Nasdaq due to its extreme concentration in lithography equipment giants.
    • Logistics Headwinds: Amsterdam-linked global shipping and storage operators saw a temporary pause in momentum as maritime transport input costs edge up.
    • Dividend Bedrock Inflows: High-yield corporate anchors within the AEX continue to attract passive long-term capital looking to outpace rising sovereign yields.
NY Nikkei (Nikkei Futures)
    • Import Taxes Intensify: The Japanese market faced background headwind pressure, operating with a heavy tone as WTI crude oil pushed back above 104.
    • Yen Valuation Squeeze: The currency’s deep multi-decade consolidation continues to penalize domestic manufacturers by inflating the cost of raw material imports.
    • Governance Structural Bid: Ongoing corporate governance reforms and intense foreign capital interest remain primary backstops preventing a deep technical breakdown.
HS Hang Seng (Hang Seng Index)
    • Supply Chain Consolidation: The index traded in a measured, sideways pattern as regional trade desks balanced a charging metals complex against stable container volumes.
    • Mainland Stimulus Anchoring: Calm domestic inflation profiles continue to give the central government ample fiscal flexibility to support local real estate and tech.
    • Bargain Hunter Base: Institutional deep-value desks systematically buy dips, identifying the index as a long-term cyclical valuation turnaround play.
METALS
v
GC Gold (GCM26)
    • Bullion Retraction: Gold futures slid to settle at 4485.4, experiencing calculated profit-taking as a charging Greenback and rising front-end yields increased the opportunity cost of holding non-yielding metals.
    • Sovereign Accumulation Floor: Passive, structural physical buying by emerging market central banks remains completely intact, capping any aggressive downside breaks.
    • Macro Hedge Positioning: Long-term institutional desks maintain core gold exposures as direct structural insurance against a multi-month commodity-driven inflation bounce.
SI Silver (SIM26)
    • Speculative Washout: Silver prices fell back sharply to settle at 73.97, highly sensitive to immediate momentum liquidation as short-term leveraged traders took profits.
    • Industrial Demand Balance: Despite the sharp paper sell-off, structural physical demand from green energy infrastructure and electronic components keeps global warehouse stocks tight.
    • Hybrid Volatility Capture: The metal’s deep daily range reflects its dual identity, catching selling pressure as a monetary asset while retaining a long-term industrial bid.
HG Copper 25K (HGM26)
    • Electrification Defense: High-grade copper settled down at 6.194, yet remains historically elevated as global grid expansion and electrification programs lock in continuous demand.
    • South American Supply Squeeze: Deep operational and environmental mining disruptions across the Andean region ensure a permanent structural deficit floor under global LME inventories.
    • Growth Re-Pricing Anchor: The metal’s long-term outperformance signals that commercial users are aggressively pricing in industrial expansion despite high terminal rates.
PL Platinum 50 (PLN26)
    • Automotive Substitution Support: Platinum surged significantly higher to settle at 1031.1, as global automakers step up its role in advanced emission control systems.
    • Production Vulnerability Bid: Ongoing power grid stability concerns and labor constraints in South African mining hubs maintain an ironclad fundamental supply floor.
    • Tangible Asset Rotation: Institutional fixed-income desks showed a clear daily preference for physical platinum as a reliable hard asset hedge against global inflation.
ENERGY
x
CL Crude Oil (CLN26)
    • Settlement Retraction: WTI Crude (CLN26) settled lower at 104.03, pulling back from an intraday high of 104.86 as macro desks took profits following the week’s earlier geopolitical breakout.
    • Hormuz Insurance Floor: Despite the daily decline, fragile international maritime shipping lanes continue to maintain a permanent structural risk premium under prompt-delivery barrels.
    • Supply Balance Buffer: Record-level U.S. domestic production and full utilization rates continue to act as a firm ceiling, capping any afternoon attempts at an immediate reversal.
NG Natural Gas (NGM26)
    • Bullish Breakout: Natural Gas (NGM26) outpaced the energy complex to settle higher at 3.285, completely breaking away from seasonal norms as international demand spikes.
    • Arbitrage Maximum Volume: Wide global price spreads between domestic production and landing terminals are keeping a relentless export bid alive under the contract.
    • Cooling Grid Demand: Early industrial power sector positioning for summer cooling requirements is providing an unexpected fundamental floor to mid-curve contracts.
RB Gasoline (RBN26)
    • Refining Premium Compression: RBOB Gasoline (RBN26) pulled back to settle at 3.5541, as the physical cash market digests the recent run-up in fuel blends ahead of the travel season.
    • Distribution Friction: Ongoing transport logistics and regional pipeline maintenance schedules are keeping terminal supplies tight, preventing a deeper downward pass-through.
    • High-Frequency Demand Shield: Real-time consumer mobility metrics confirm stable consumption, protecting the prompt contract from broader equity liquidations.
HO Heating Oil (HOM26)
    • Distillate Breakout: Heating Oil (HOM26) surged sharply higher to settle at 4.0493, completely decoupling from crude oil as critical localized inventory shortages intensify.
    • Shortage-Driven Bid: Extreme product deficits in the New York Harbor cash market are forcing commercial desks to aggressively bid up diesel-equivalent contracts for immediate delivery.
    • Freight Consumption Bedrock: High-volume maritime transport and heavy industrial shipping demand are systematically drawing down distillate pools faster than they can be refined.
CURRENCIES & CRYPTO
x
DX U.S. Dollar Index (DXM26)
    • Liquidity Tractor Beam: The Dollar Index pushed higher to 99.266, sucking in international capital as equity market volatility and a spike in intermediate yields trigger a flight to safety.
    • Rate Cut Repricing Engine: Shifting macro expectations are forcing the market to price out late-2026 Fed cuts, keeping sovereign cash flows locked into the Greenback.
    • Global Capital Sanctuary: The U.S. fixed-income space remains the highest-yielding refuge for international institutional asset managers looking for capital preservation.
A6 Australian Dollar (A6M26)
    • Trapped by Risk Off: The Aussie Dollar slid to 0.71395, caught in a vice between surging global raw materials demand and a sweeping liquidation of high-beta risk currencies.
    • Asian Trade Calibration: The cross remains hypersensitive to moving macroeconomic data from major industrial export partners, limiting its ability to map onto the copper pop.
    • RBA Yield Anchor: A highly restrictive policy stance from the Reserve Bank of Australia prevented a deeper capitulation against the charging Greenback.
D6 Canadian Dollar (D6M26)
    • Crude Oil Shield: The Canadian Loonie held its ground relatively well, settling at 0.72745, using the breakout in WTI crude oil to partially blunt the broader dollar-driven liquidation wave.
    • Growth Outlook Vulnerability: Despite firm energy support, a cooling outlook for broader U.S. industrial momentum acts as a major psychological cap on the Canadian cross.
    • Data-Dependent Holding: Foreign exchange desks expect the Bank of Canada to remain in a strict holding pattern as long as domestic core energy inflation stays sticky.
S6 Swiss Franc (S6M26)
    • Geopolitical Safety Outflow: The Franc settled back to 1.27115, yet retains a deep layer of core institutional safety flows as global trade lines remain highly fragile.
    • SNB Comfort Baseline: The Swiss National Bank appears completely comfortable with current pricing, neatly balancing domestic inflation controls with export margin protection.
    • Passive Accumulation Magnet: Fixed-income managers continue to channel passive asset flows into the Franc whenever high-beta tech growth indices face triple-digit pulls.
E6 Euro (E6M26)
    • Energy Input Punishment: The Euro slipped to 1.16195, heavily penalized as the economic zone most structurally exposed to re-accelerating industrial input and energy transport costs.
    • Policy Gridlock Tension: The ECB faces an intense tactical conflict, caught between fading regional growth numbers and sticky imported energy inflation.
    • Industrial De-Risking: Renewed cost-push inflation concerns across the German manufacturing core are prompting macro funds to trim core Euro exposures.
B6 British Pound (B6M26)
    • Imported Inflation Stickiness: Sterling dropped to 1.3395, as the broad commodities surge raises immediate fears of a secondary wave of imported retail inflation.
    • Stagflationary BoE Trap: While sticky domestic service-sector data prevents immediate BoE rate-cut tracking, it significantly increases the long-term risk of industrial drag.
    • Export Friction Headwinds: Slowing global industrial data lines are keeping foreign exchange traders highly defensive regarding the UK’s medium-term macro outlook.
J6 Japanese Yen (J6M26)
    • Import Profile Penalty: The Japanese Yen settled at 0.006301, operating as the clean loser of the session as rising crude oil prices expand Japan’s trade deficit.
    • Yield Spread Ceiling: The persistent, wide interest rate gap between Tokyo and the charging U.S. front-end remains an absolute glass ceiling for any meaningful Yen recovery.
    • Intervention Trigger Watch: Currency traders remain on absolute high alert for direct Ministry of Finance spot market intervention as the cross breaks deeper into multi-decade lows.
BT Bitcoin (BAK26)
    • Liquidity Drain Transmission: Bitcoin futures settled flat at 77070, trading strictly as a high-beta technology proxy as rising Treasury yields drain excess risk liquidity.
    • Spot ETF Buffer Test: Continuous institutional inflows into spot ETF products are successfully providing a mechanical buying floor, preventing a larger technical break.
    • Safety Decoupling Reality: Price action confirms that in a high-yield, rising-dollar environment, large institutional players prefer traditional Greenback cash for safety.
TAM Ether (TAK26)
    • Growth Valuation Drag: Ether settled flat at 2117, absorbing steady distribution pressure in perfect alignment with the broader valuation pullback across high-multiple tech.
    • Staking Yield Floor: Attractive native decentralized staking yields continue to provide a vital fundamental buffer, preventing the aggressive washout seen in non-yield digital assets.
    • Network Activity Consolidation: A slight cooling in immediate transactional volumes keeps gas fee generation flat, capping short-term token-burn momentum.
INTEREST RATES
x
SQ 3-Month SOFR (Dec ’26)
    • Near-Term Cuts Extracted: Short-term interest rate futures settled flat at 96.175, as the persistent bounce in raw material costs forces the street to completely price out near-term Fed relief.
    • Liquidity Anchor Floor: Cash-funding mechanics remain pinned by the absolute operational necessity for dollar liquidity during periods of elevated equity and energy volatility.
    • Policy Hardening Consensus: The contract reflects a banking landscape that has fully integrated a restrictive Federal Reserve posture through the end of the calendar year.
ZT 2-Year T-Note (ZTJ26)
    • Yield Jump Pressure: The 2-Year Treasury note fell back to 103.125, as front-end rates adjust upward to reflect a highly sticky consumer and commodity inflation landscape.
    • Hawkish Fed Tracking: Heavy short-end distribution indicates fixed-income portfolios are capitulating to the Fed’s stance that rates must remain elevated to break the commodity cycle.
    • Curve Inversion Deepening: Short-term notes are reacting significantly faster to raw material news than back-end duration, keeping curve anxieties at a premium.
ZF 5-Year T-Note (ZFJ26)
    • Intermediate Duration Flight: The 5-Year note dropped to 106.3125, operating as the central execution point for large institutional managers re-balancing portfolio duration.
    • Refinancing Cost Floor Spiking: The steady rise in intermediate yields increases the projected borrowing costs for capital-intensive industrial and manufacturing firms.
    • Inflation Protected Rotation: Bond desks showed active interest in rotating out of nominal mid-curve debt and into inflation-protected paper as grain prices firm up.
ZN 10-Year T-Note (ZNJ26)
    • Benchmark Distribution: The 10-Year benchmark note slid to 108.7344, as portfolio managers systematically cut fixed-duration exposure in favor of liquid cash and hard assets.
    • Real Yield Calibration: Inflation-adjusted benchmarks are pushing higher as fixed-income desks look through geopolitical noise to focus on a rising shipping and transport cost matrix.
    • Duration Insulation Squeeze: Large institutional funds are cutting long-term bond exposure to shield balance sheets from a projected multi-month commodities bounce.
ZB 30-Year Bond (ZBJ26)
    • Terminal Inflation Reset: The 30-Year Bond fell to 109.8125, under steady distribution as long-term terminal inflation projections are forced higher by energy market realities.
    • Pension Liability Capture: Long-horizon asset managers stepped in to selectively lock in yield on the drop, providing a mechanical afternoon cushion to the long bond.
    • Auction Supply Headwinds: Massive impending long-bond supply auctions continue to weigh heavily on background sentiment, keeping sovereign debt buyers highly defensive.
AGRICULTURAL
x
ZC Corn (ZCN26)
    • Ethanol Blend Squeeze: Corn futures fell back slightly to 475.25, yet maintain massive structural support as the surge in WTI crude oil directly expands bio-fuel blending margins.
    • Midwest Planting Drag: Excessive rainfall across key stretches of the eastern Corn Belt has slowed tractor progress, keeping the spot market vulnerable to immediate short covering.
    • Global Tender Scramble: Sudden international import tenders emerged mid-week, signaling that global grain buyers are moving quickly to lock in physical stockpiles.
ZW Wheat (ZWN26)
    • Geopolitical Friction Bid: Wheat prices held firm, settling up at 668, highly responsive to renewed inspection delays and logistical bottlenecks across major Black Sea export corridors.
    • Crop Rating Degradation: Hard red winter wheat condition reports out of the U.S. Plains showed an unexpected downward shift, raising immediate physical scarcity concerns.
    • Sovereign Buying Scramble: Major North African and Middle Eastern state purchasing entities stepped up direct spot market acquisition, creating an aggressive demand floor.
ZS Soybeans (ZSN26)
    • Bio-Diesel Drag Convergence: Soybeans experienced a minor retraction to 1210.25, but remain heavily backstopped by a tight global vegetable oil complex that is tracking distillate markets.
    • South American Logistics Bottle: Intense port congestion and truck transport delays across major Brazilian export hubs continue to throttle the physical flow of the international harvest.
    • Crush Processing Strength: Robust domestic processing margins for high-protein meal and oil are encouraging domestic processors to aggressively bid up prompt-delivery beans.
CT Cotton (CTN26)
    • Acreage Competition Headwinds: Cotton settled down to 83.7, as the multi-day surge across the grain complex raises fears that farmers will actively abandon cotton acres for corn.
    • Logistics Transport Friction: International ocean container rates face a secondary threat from rising fuel premiums, expanding the cost of delivering U.S. bales to Asian textile hubs.
    • Consumer Demand Recalibration: Despite the broader equity pull, resilient domestic employment data keeps expectations alive for stable global luxury and retail apparel consumption.
KC Coffee (KCN26)
    • Brazilian Crop Deficit: Coffee futures surged higher to settle at 270.15, powered by an ironclad structural floor as prolonged dry spells in Brazil’s Arabica belt lock in a multi-year deficit.
    • Certified Inventory Scarcity: ICE exchange warehouse stocks remain near historical lows, leaving the spot market highly vulnerable to immediate shipping or harvest bottlenecks.
    • Container Freight Premium: Rerouting international shipping containers around traditional geopolitical chokepoints injects a permanent, non-negotiable cost into all waterborne coffee flows.
CC Cocoa (CCN26)
    • West African Squeeze Intact: Cocoa prices experienced a technical pullback to settle at 1801, but remain entirely dominated by the multi-year production collapse across Côte d’Ivoire.
    • Inelastic Commercial Scramble: Global chocolate manufacturers are trapped in fierce competition to secure limited physical bean supplies, completely ignoring short-term macro shifts.
    • Retail Size Compression: Record-high wholesale bean costs are systematically forcing food conglomerates to downsize product footprints to protect valuable retail grocery space.
OJ Orange Juice (OJN26)
    • Historic Production Deficit: Orange Juice futures settled down at 154.15, executing a mild technical correction within an absolute structural bull market driven by disease and weather drops in Florida and Brazil.
    • Frozen Concentrate Drawdown: Global stockpiles of frozen concentrated orange juice sit at levels that keep the physical spot market in a continuous state of institutional squeeze.
    • Inelastic Consumer Bid: Grocery store checkout data reveals that despite multi-year high retail pricing, consumer demand for pure orange juice has remained remarkably sticky.
LB Lumber (LBN26)
    • Housing Outlook Equilibrium: Lumber futures caught a steady bid to settle at 595, supported by robust domestic labor metrics that guarantee a resilient summer building cycle.
    • Mill Margin Efficiency Squeeze: Rising commercial diesel and transport logistics costs are pinching North American timber mill margins, forcing strict production discipline.
    • Spring Inventory Depletion: Physical homebuilders are steadily drawing down wholesale warehouse inventories, preventing any structural inventory gluts from building.

If you have questions contact me.

Peter Knight
Direct +1-340-244-4310
Voice & Video Chats.
Message me

 

 

Disclosure

260519 positions, 260520 stops, reversals & objectives

Intraday Quotes
S&P 500 NASDAQ Dow Gold Silver
Copper Platinum Bitcoin Crude Gasoline
Swiss Euro Dollar Yen
How to track trades
 Order Log Net Performance (all 24) 
.................................................................

JUN26 MINI SP 500       1858 Trading days from 190102 to 260519

Running .DAT file ESN011.DAT

Last trading day was 260519   Closing price was 7378.0000

Current V value is 171.250000 (685 ticks)  K1 value is 0.41
V*K1 for tomorrow is 70.212500 (281 ticks)

BuyStop for tomorrow is 7448.2500  SellStop is 7307.7500

Protective stop price is 8378.0000
Profit objective price is 7136.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7448.0000
Open trade equity is 3500.00

From 190102 total profit is 321550.00
            current drawdown is -7212.50
            maximum drawdown was -31150.00
................................................................
.................................................................

JUN26 MICRO SP 500       1858 Trading days from 190102 to 260519

Running .DAT file ESM004.DAT

Last trading day was 260519   Closing price was 7378.0000

Current V value is 171.250000 (685 ticks)  K1 value is 0.41
V*K1 for tomorrow is 70.212500 (281 ticks)

BuyStop for tomorrow is 7448.2500  SellStop is 7307.7500

Protective stop price is 17378.0000
Profit objective price is 7136.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7448.0000
Open trade equity is 350.00

From 190102 total profit is 17575.00
            current drawdown is -1040.00
            maximum drawdown was -4791.25
................................................................
.................................................................

JUN26 MINI NASDAQ 100       1858 Trading days from 190102 to 260519

Running .DAT file NQN002.DAT

Last trading day was 260519   Closing price was 28924.2500

Current V value is 1241.000000 (4964 ticks)  K1 value is 0.43
V*K1 for tomorrow is 533.630000 (2135 ticks)

BuyStop for tomorrow is 29459.0000  SellStop is 28391.5000

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
................................................................
.................................................................

JUN26 MICRO NASDAQ 100       1858 Trading days from 190102 to 260519

Running .DAT file NQM008.DAT

Last trading day was 260519   Closing price was 28924.2500

Current V value is 1241.000000 (4964 ticks)  K1 value is 0.43
V*K1 for tomorrow is 533.630000 (2135 ticks)

BuyStop for tomorrow is 29459.0000  SellStop is 28391.5000

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
................................................................
.................................................................

JUN26 DOW FUTURES       1858 Trading days from 190102 to 260519

Running .DAT file YMN016.DAT

Last trading day was 260519   Closing price was 49459.0000

Current V value is 1684.000000 (1684 ticks)  K1 value is 0.26
V*K1 for tomorrow is 437.840000 (438 ticks)

BuyStop for tomorrow is 49967.0000  SellStop is 49091.0000

Protective stop price is 59459.0000
Profit objective price is 45409.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 49669.0000
Open trade equity is 1050.00

From 190102 total profit is 250755.00
            current drawdown is -8110.00
            maximum drawdown was -18315.00
................................................................
.................................................................

JUN26 MICRO DOW FUTURES       1858 Trading days from 190102 to 260519

Running .DAT file YMM015.DAT

Last trading day was 260519   Closing price was 49459.0000

Current V value is 1684.000000 (1684 ticks)  K1 value is 0.27
V*K1 for tomorrow is 454.680000 (455 ticks)

BuyStop for tomorrow is 49995.0000  SellStop is 49086.0000

Protective stop price is 52709.0000
Profit objective price is 45044.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 49644.0000
Open trade equity is 92.50

From 190102 total profit is 17914.50
            current drawdown is -1186.50
            maximum drawdown was -2361.50
................................................................
.................................................................

JUN26 GOLD 100       1857 Trading days from 190102 to 260519

Running .DAT file GC1005.DAT

Last trading day was 260519   Closing price was 4511.2002

Current V value is 156.300293 (15630 ticks)  K1 value is 0.80
V*K1 for tomorrow is 125.040234 (12504 ticks)

BuyStop for tomorrow is 4655.1900  SellStop is 4405.1100

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
................................................................
.................................................................

JUN26 MINI GOLD 50       1857 Trading days from 190102 to 260519

Running .DAT file GC2014.DAT

Last trading day was 260519   Closing price was 4511.2002

Current V value is 111.353767 (11135 ticks)  K1 value is 0.86
V*K1 for tomorrow is 95.764240 (9576 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
................................................................
.................................................................

JUL26 MICRO GOLD 10       1857 Trading days from 190102 to 260519

Running .DAT file GC3010.DAT

Last trading day was 260519   Closing price was 4511.2002

Current V value is 178.500000 (17850 ticks)  K1 value is 0.63
V*K1 for tomorrow is 112.455000 (11246 ticks)

BuyStop for tomorrow is 4636.2900  SellStop is 4411.3800

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
................................................................
.................................................................

JUL26 5000 COMEX SILVER       1857 Trading days from 190102 to 260519

Running .DAT file SI1005.DAT

Last trading day was 260519   Closing price was 75.1590

Current V value is 6.055000 (6055 ticks)  K1 value is 0.51
V*K1 for tomorrow is 3.088050 (3088 ticks)

BuyStop for tomorrow is 78.2470  SellStop is 72.0710

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 932745.02
            current drawdown is 0.00
            maximum drawdown was -43100.00
................................................................
.................................................................

JUL26 2500 COMEX SILVER       1857 Trading days from 190102 to 260519

Running .DAT file SI2005.DAT

Last trading day was 260519   Closing price was 75.1590

Current V value is 6.055000 (6055 ticks)  K1 value is 0.51
V*K1 for tomorrow is 3.088050 (3088 ticks)

BuyStop for tomorrow is 78.2470  SellStop is 72.0710

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 445272.51
            current drawdown is 0.00
            maximum drawdown was -21625.00
................................................................
.................................................................

MAY26 1000 COMEX SILVER       1857 Trading days from 190102 to 260519

Running .DAT file SI3005.DAT

Last trading day was 260519   Closing price was 75.1590

Current V value is 6.055000 (6055 ticks)  K1 value is 0.51
V*K1 for tomorrow is 3.088050 (3088 ticks)

BuyStop for tomorrow is 78.2470  SellStop is 72.0710

Protective stop price is 125.1440
Profit objective price is 61.9440

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 75.1440
Open trade equity is -15.00

From 190102 total profit is 151094.01
            current drawdown is 0.00
            maximum drawdown was -8740.00
................................................................
.................................................................

JUL26 COPPER 25000       1857 Trading days from 190102 to 260519

Running .DAT file HG1005.DAT

Last trading day was 260519   Closing price was 6.2065

Current V value is 0.809000 (16180 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.242700 (4854 ticks)

BuyStop for tomorrow is 6.4492  SellStop is 5.9638

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 142802.50
            current drawdown is -3722.50
            maximum drawdown was -14852.50
................................................................
.................................................................

JUL26 MINI COPPER 12500       1857 Trading days from 190102 to 260519

Running .DAT file HG2001.DAT

Last trading day was 260519   Closing price was 6.2065

Current V value is 0.809000 (16180 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.242700 (4854 ticks)

BuyStop for tomorrow is 6.4492  SellStop is 5.9638

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 61614.37
            current drawdown is -3448.75
            maximum drawdown was -7941.25
................................................................
.................................................................

OCT26 PLATINUM 50       1857 Trading days from 190102 to 260519

Running .DAT file PLA008.DAT

Last trading day was 260519   Closing price was 1963.5000

Current V value is 70.800049 (7080 ticks)  K1 value is 0.46
V*K1 for tomorrow is 32.568022 (3257 ticks)

BuyStop for tomorrow is 2008.4700  SellStop is 1943.3300

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
................................................................
.................................................................

JUL26 1000 CRUDE OIL       1857 Trading days from 190102 to 260519

Running .DAT file CL1012.DAT

Last trading day was 260519   Closing price was 104.1500

Current V value is 12.250000 (1225 ticks)  K1 value is 0.50
V*K1 for tomorrow is 6.125000 (612 ticks)

BuyStop for tomorrow is 110.2800  SellStop is 98.0300

Protective stop price is 141.0700
Profit objective price is 79.6800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 94.7800
Open trade equity is -9370.00

From 190102 total profit is 213540.01
            current drawdown is -11090.00
            maximum drawdown was -21750.00
................................................................
.................................................................

JUL26 500 CRUDE OIL       1857 Trading days from 190102 to 260519

Running .DAT file CL2010.DAT

Last trading day was 260519   Closing price was 104.1500

Current V value is 12.250000 (1225 ticks)  K1 value is 0.50
V*K1 for tomorrow is 6.125000 (612 ticks)

BuyStop for tomorrow is 110.2800  SellStop is 98.0300

Protective stop price is 191.0700
Profit objective price is 79.6800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 94.7800
Open trade equity is -4685.00

From 190102 total profit is 100845.00
            current drawdown is -5570.00
            maximum drawdown was -10900.00
................................................................
.................................................................

OCT26 42000 GASLOINE       1857 Trading days from 190102 to 260519

Running .DAT file RBN005.DAT

Last trading day was 260519   Closing price was 2.9650

Current V value is 0.246400 (2464 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.123200 (1232 ticks)

BuyStop for tomorrow is 3.0882  SellStop is 2.8418

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
................................................................
.................................................................

MAY26 MICRO BITCOIN       1858 Trading days from 190102 to 260519

Running .DAT file BTC022.DAT

Last trading day was 260519   Closing price was 76835.0000

Current V value is 3335.000000 (3335 ticks)  K1 value is 0.56
V*K1 for tomorrow is 1867.600000 (1868 ticks)

BuyStop for tomorrow is 78655.0000  SellStop is 74920.0000

Protective stop price is 88585.0000
Profit objective price is 49269.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 79269.0000
Open trade equity is 243.40

From 190102 total profit is 24015.00
            current drawdown is -2541.80
            maximum drawdown was -3038.00
................................................................
.................................................................

JUN26 1250000 YEN       1858 Trading days from 190102 to 260519

Running .DAT file J6N012.DAT

Last trading day was 260519   Closing price was 0.6302

Current V value is 0.004450 (45 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.003071 (31 ticks)

BuyStop for tomorrow is 0.6332  SellStop is 0.6271

Protective stop price is 0.6182
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is -343.75

From 190102 total profit is 63525.00
            current drawdown is -2431.25
            maximum drawdown was -9943.74
................................................................
.................................................................

JUN26 100000 DOLLAR INDEX       1893 Trading days from 190102 to 260519

Running .DAT file DXX016.DAT

Last trading day was 260519   Closing price was 99.2660

Current V value is 0.950996 (9510 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.399418 (3994 ticks)

BuyStop for tomorrow is 99.6654  SellStop is 98.8666

Protective stop price is 97.7410
Profit objective price is 101.9231

V is equal to or greater than high filter value of 8750
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently long 1 contract(s) at 98.0231
Open trade equity is 1242.90

From 190102 total profit is 30686.39
            current drawdown is -900.71
            maximum drawdown was -5535.50
................................................................
.................................................................

JUN26 125000 EURO FX       1858 Trading days from 190102 to 260519

Running .DAT file E6N015.DAT

Last trading day was 260519   Closing price was 1.1618

Current V value is 0.020100 (201 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.008442 (84 ticks)

BuyStop for tomorrow is 1.1703  SellStop is 1.1534

Protective stop price is 1.1896
Profit objective price is 1.1366

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.1742
Open trade equity is 1543.75

From 190102 total profit is 73993.76
            current drawdown is -1206.25
            maximum drawdown was -7062.50
................................................................
.................................................................

JUN26 62500 EUR0 FX MINI       1858 Trading days from 190102 to 260519

Running .DAT file E7M008.DAT

Last trading day was 260519   Closing price was 1.1618

Current V value is 0.020100 (201 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.008442 (84 ticks)

BuyStop for tomorrow is 1.1703  SellStop is 1.1534

Protective stop price is 1.1898
Profit objective price is 1.1366

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.1742
Open trade equity is 771.88

From 190102 total profit is 34296.88
            current drawdown is -628.12
            maximum drawdown was -3881.25
................................................................
.................................................................

JUN26 125000 SWISS FRANC       1858 Trading days from 190102 to 260519

Running .DAT file S6N003.DAT

Last trading day was 260519   Closing price was 1.2708

Current V value is 0.006983 (70 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.008729 (87 ticks)

260520 Open 1.2712		
V*K1 = 0.0087		
BuyStop for tomorrow is 1.2799 SellStop is 1.2625

Protective stop price is 1.6708
Profit objective price is 1.2178

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.2714
Open trade equity is 81.24

From 190102 total profit is 90181.25
            current drawdown is -2712.51
            maximum drawdown was -9587.51
................................................................

If you have questions contact me.

Peter Knight
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Disclosure

Commentary 260518

EMA Chart, Quote & Opinion Page for all markets below
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Today’s session was defined by an “Inflationary Jolt” as a massive commodities rally caught the broader equity indices by surprise. Strong positive moves across Grains, Crude Oil, and Metals forced a dramatic mid-day rotation. While the Dow Jones managed to eke out a late-session gain, high-growth technology sectors faced direct margin compression as the re-ignition of raw material costs spiked intermediate Treasury yields, testing the “soft landing” narrative.
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THE COMMODITY REVIVAL
The day’s primary macro driver was a widespread, aggressive bid across the agricultural and energy complexes. Corn surged over 21 cents, Soybeans jumped 35 cents, and Wheat added 29 cents, creating an immediate cost-push inflationary signal for the global economy. This sudden upward pressure on raw inputs was compounded by WTI Crude Oil reclaiming ground above $102 per barrel, reminding the street that the “inflation tax” is far from dead and complicating the Federal Reserve’s long-term rate trajectory.
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THE DIVERGENT EQUITY PATH
Equities traded with a heavy defensive posture, leading to a split session on Wall Street. The Dow Jones Industrials managed a 125-point recovery as money rotated into traditional blue-chip value names that benefit from industrial expansion. However, the tech-heavy Nasdaq 100 slid over 150 points. This tech retreat directly reflects a valuation squeeze as rising input costs threaten hardware margins, forcing institutional money to move toward the sidelines.
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YIELD CURVE PRESSURE & DOLLAR BID
Fixed income markets felt immediate selling pressure (yields up) as the intermediate curve re-priced for persistent inflation. The 5-Year and 2-Year notes saw steady distribution, providing a structural lift to the U.S. Dollar Index, which pushed back up toward the 99.10 area. This combination of a surging Greenback and rising front-end yields created a massive opportunity cost that capped the afternoon upside for major risk assets.
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INDICES
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ES S&P 500 (ESM26)
    • High-Altitude Consolidation: The S&P 500 futures settled at 7420.25, enduring a mild pullback as the commodity price shock forced a risk-off defensive rotation.
    • Sector Rotation: Strength in traditional industrials was offset by a drag in technology and consumer discretionary sectors, leaving the index in a sideways pattern.
    • Yield Pressure: Rising yields across the intermediate curve late in the session capped the index’s ability to mount a afternoon relief rally.
NQ NASDAQ 100 (NQM26)
    • Tech Margin Squeeze: The Nasdaq 100 dropped to 29076, leading the day’s decline as rising raw material and energy costs pressured technology hardware margins.
    • Duration Sensitivity: High-valuation multiples faced immediate headwinds as short- and intermediate-term Treasury yields crept higher throughout the session.
    • AI Safe Haven Fatigue: Capital outflows from semiconductor leaders suggested institutional profit-taking at recent highs, with money moving toward cash.
YM Dow Jones (YMM26)
    • Blue-Chip Bid: The Dow outperformed its peers to settle at 49742, finding a firm bid as investors rotated into heavy industrials and value-oriented staples.
    • Fuel Savings Unwind: Despite the rise in crude oil, the index found support from heavy machinery and defense components that thrive on domestic economic resilience.
    • Correction Distance: The 30-stock average successfully maintained its breakout zone, showing structural institutional accumulation over high-beta growth tech.
QR Russell 2000 (RTYM26)
    • Small-Cap Consolidation: Small caps fell back to 2783.2, highly sensitive to the sudden upward shift in borrowing costs and front-end yields.
    • Credit Squeeze Fears: Floating-rate domestic firms faced minor pressure as the re-acceleration of commodity inflation delayed hopes for near-term Fed rate relief.
    • Domestic Floor: Despite the daily decline, robust internal labor metrics kept a solid fundamental floor under the small-cap complex.
FX Euro Stoxx 50
    • Energy Drag: European blue-chips faced headwinds today as the bounce in global crude oil prices re-ignited fears of structural industrial drag.
    • Manufacturing Pressure: Heavy industrial hubs in Germany and France saw profit-taking as input cost projections for Q3 ticked higher.
    • ECB Policy Weight: Traders remain cautious as sticky Eurozone services inflation limits the central bank’s ability to aggressively support growth.
SZ Swiss Index
    • Defensive Anchor: The Swiss market captured steady safety inflows, with global capital rotating into defensive pharma and consumer giants.
    • Currency Parity: A stable Swiss Franc continues to allow major domestic exporters to shield their margins from global shipping and material shocks.
    • Stability Premium: The index remains a preferred sanctuary for institutional funds looking to dodge the daily volatility in high-beta equity markets.
MX CAC 40
    • Luxury Sector Caution: French luxury components traded sideways as global luxury demand figures adjusted to a sticky international interest rate environment.
    • Input Friction: Heavy French industrial firms felt the pressure of rising electricity and raw material inputs following the commodity price pop.
    • Financial Resilience: French banking counters held up well, supported by a steepening yield curve and steady regional commercial loan demand.
AE AEX
    • Tech Drag Transmission: The Dutch index tracked the softer tone of the Nasdaq, weighed down by its high concentration in semiconductor equipment giants.
    • Logistics Volatility: Amsterdam-based transport and logistics firms saw a minor pause in momentum as global fuel-blend costs edged up.
    • Income Seeking Base: High-dividend yielding global staples within the index continues to anchor long-term institutional portfolios.
NY Nikkei
    • Import Burdens Return: The Japanese market faced pressure as a major energy importer, reacting poorly to the late-day surge in WTI crude oil.
    • Yen Headwinds: The Yen’s ongoing consolidation near multi-decade lows continues to drive up domestic import costs, squeezing retail margins.
    • Corporate Reforms: Structural corporate governance changes and high foreign investment interest remain the primary backstops preventing deeper pullbacks.
HS Hang Seng
    • Supply Chain Equilibrium: The index consolidated as export hubs weighed a surging global raw materials market against steady shipping volumes.
    • Fiscal Stimulus Hopes: Lower domestic inflation lines continue to give the mainland fiscal room to provide targeted support to the technology and property sectors.
    • Bargain Hunter Bid: Deep-value institutional investors continue to step in on dips, identifying the index as a long-term valuation play.
METALS
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GC Gold (GCM26)
    • Bullion Consolidation: Gold settled at 4570.8, enduring minor profit-taking as the surge in the U.S. Dollar Index and rising Treasury yields increased the opportunity cost of holding non-yielding bullion.
    • Sovereign Support: Under the surface, strong physical accumulation by central banks remains an ironclad structural floor that limits deeper sell-offs.
    • Inflation Hedge Positioning: Long-term macro portfolios are maintaining gold long positions as a hedge against the sudden re-ignition of the global commodity cycle.
SI Silver (SIM26)
    • Industrial Divergence: Silver closed higher at 78.12, acting as a half-precious, half-industrial hybrid that benefited from the massive broad-market commodity bid.
    • Solar and Electronics Demand: Structural demand from green-energy infrastructure and high-tech electronic components continues to absorb physical warehouse stocks.
    • Speculative Washout Relief: The metal successfully absorbed early-session dollar strength, with leverage shorts being forced out late in the day.
HG Copper 25K (HGM26)
    • Electrification Bid: High-grade copper settled up at 6.336, powered by long-term grid infrastructure and global EV expansion narratives.
    • South American Supply Squeeze: Continued mining disruptions and low LME warehouse inventories are maintaining a critical physical deficit floor.
    • Growth Re-Pricing: The metal’s outperformance signals that institutional capital is still pricing in global industrial expansion despite higher terminal rates.
PL Platinum 50 (PLN26)
    • Automotive Support: Platinum settled at 1988.8, finding support as global automakers continue to increase its substitution role in emission control systems.
    • Production Squeeze: Labor and power stability constraints in South African mining hubs continue to provide a firm, permanent fundamental pillar.
    • Hard Asset Rotation: Institutional money showed a clear preference for physical platinum as part of the broader daily rotation into tangible hard assets.
ENERGY
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CL Crude Oil (CLM26)
    • Settlement Bounce: WTI Crude settled higher at 102.49, staging an aggressive rally off early lows as supply concerns and physical market tightness caught macro shorts off guard.
    • Hormuz Risk Friction: Despite ongoing diplomatic channels, the market retains a permanent baseline premium due to fragile global transit lines.
    • U.S. Inventory Draw Rumors: Traders began pricing in tighter domestic crude stockpiles ahead of the weekly data, fueling a late-afternoon short squeeze.
NG Natural Gas (NGM26)
    • Bullish Breakout: Natural Gas surged higher to settle at 3.185, completely decoupling from seasonal norms as export flows to LNG terminals hit full capacity.
    • Arbitrage Window: Wide price gaps between domestic gas and European/Asian landing prices are driving a maximum-volume export bid.
    • Power Grid Demand: Early power sector positioning for summer cooling requirements is providing an unexpected fundamental floor to prompt-month contracts.
RB Gasoline (RBM26)
    • Refining Squeeze: RBOB Gasoline settled at 3.551, holding its premium as refining bottlenecks limit immediate summer-grade blend availability.
    • Demand Acceleration: Real-time high-frequency driving data shows stable consumer consumption, keeping the prompt-month contract heavily protected.
    • Logistics Friction: High regional transport costs and pipeline maintenance are keeping coastal supply lines tight, regardless of daily crude swings.
HO Heating Oil (HOM26)
    • Distillate Resilience: Heating Oil (ULSD) settled at 3.9427, driven by severe localized inventory deficits in the critical New York Harbor cash market.
    • Industrial Diesel Bid: Heavy freight and manufacturing transport demand (reinforced by recent logistics hiring data) is absorbing diesel supply as fast as it is refined.
    • Global Inventory Squeeze: Structural multi-year lows in global distillate inventories leave zero margin for distribution errors, keeping the tail risk firmly to the upside.
CURRENCIES & CRYPTO
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DX U.S. Dollar Index (DXM26)
    • Safe-Haven Surge: The Dollar Index climbed to 99.105, sucking in global liquidity as rising intermediate Treasury yields and equity volatility triggered a flight to safety.
    • Rate Repricing Engine: Easing expectations for late-2026 Fed cuts are acting as a fundamental tractor beam, keeping global capital firmly anchored in the Greenback.
    • Liquidity Magnet: The U.S. fixed-income market remains the highest-yielding sanctuary for global macro funds looking for capital preservation.
A6 Australian Dollar (A6M26)
    • Trapped by Risk Sentiment: The Aussie Dollar fell back to 0.71645, caught between the massive surge in raw resource prices and a broad liquidation of high-beta risk assets.
    • China Data Balance: The currency remains highly sensitive to shifting industrial export data from major Asian trade partners, limiting its ability to rally with metals.
    • RBA Yield Floor: A hawkish domestic policy bias from the Reserve Bank of Australia prevented a deeper collapse against the charging Greenback.
D6 Canadian Dollar (D6M26)
    • Crude Oil Buffer: The Loonie settled at 0.7287, utilizing the rally in WTI Crude Oil to shield itself from the broader liquidation hitting non-US currencies.
    • Trade Profile Vulnerability: Despite the energy support, a softer outlook for broader U.S. growth acts as a direct psychological cap on the Canadian cross.
    • Bank of Canada Caution: Markets expect the BoC to remain locked in a data-dependent holding pattern as long as domestic energy inflation stays sticky.
S6 Swiss Franc (J6M26)
    • Sovereign Safety Exit: The Franc settled at 1.2787, retaining core institutional safety flows as global geopolitical lines remain fragile.
    • SNB Comfort Zone: The Swiss National Bank appears content with current levels, balanced neatly between curbing imported inflation and protecting exporter margins.
    • Traditional Shield: The cross continues to see quiet, passive accumulation whenever high-beta tech markets endure double-digit pullbacks.
E6 Euro (E6M26)
    • Energy Tax Pressure: The Euro slid to 1.16705, punished as the region most structurally vulnerable to re-accelerating global energy and manufacturing input costs.
    • Policy Stalemate Gridlock: The ECB faces a deepening conflict, trapped between tepid regional growth metrics and sticky imported energy inflation.
    • German Industrial Weight: Renewed cost-push inflation fears across the German manufacturing core are prompting macro funds to trim Euro long exposures.
B6 British Pound (B6M26)
    • Imported Inflation Sticky: Sterling fell to 1.3432, as the broad commodity pop raises fears of extended imported inflation for the UK consumer.
    • Hawkish BoE Trap: While persistent services inflation keeps Bank of England rate-cut expectations at bay, it raises the long-term risk of stagflationary drag.
    • Trade Balance Friction: Slower global industrial metrics are fueling mid-term concerns regarding the UK’s export-led service and industrial outlook.
J6 Japanese Yen (J6M26)
    • Import Profile Trap: The Yen settled at 0.00631, operating as the net loser of the day’s session as skyrocketing crude oil costs expand Japan’s trade deficit.
    • Yield Gap Ceiling: The persistent, massive yield spread between Tokyo and the charging U.S. front-end remains an absolute glass ceiling for any Yen recovery.
    • Intervention Alarm: Traders remain on high alert for direct Ministry of Finance action as the currency moves deeper into multi-decade intervention territory.
BT Bitcoin (BAK26)
    • High-Beta Liquidity Drain: Bitcoin futures pulled back sharply to 76945, trading as a direct high-beta tech proxy as global liquidity tightened under the weight of rising yields.
    • ETF Buffer Test: Persistent inflows into spot ETFs are acting as an institutional safety net, preventing a deeper technical breakdown below key structural floors.
    • Safe-Haven Decoupling: The asset’s slide confirms that in a high-yield, rising-dollar environment, institutional money still favors the Greenback for immediate safety.
TAM Ether (TAK26)
    • Nasdaq Correlation Transmission: Ether fell back to 2118, absorbing heavy selling pressure in sympathy with the broader growth valuation pullback in tech.
    • Staking Yield Floor: Attractive native staking yields are providing a minor buffer, preventing the aggressive liquidation seen in non-yield digital assets.
    • Gas Fee Compression: A slight cooling in immediate decentralized application volumes is keeping network transaction fees flat, capping short-term fee-burn momentum.
INTEREST RATES
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SQ 3-Month SOFR (Dec ’26)
    • Fed Pivot Pricing Out: Short-term futures settled lower at 96.175, as the re-ignition of commodity inflation forces the street to price out near-term rate cuts.
    • Liquidity Floor Anchored: Money market funding remains anchored by the absolute necessity for immediate cash during periods of high equity and energy volatility.
    • Higher-For-Longer Hardening: The contract reflects a banking sector that is fully accepting a restrictive Federal Reserve policy through the end of the year.
ZT 2-Year T-Note (ZTJ26)
    • Yield Spike Distribution: The 2-Year note fell to 103.2578, reflecting an aggressive yield jump as front-end traders re-priced for sticky consumer inflation.
    • Hawkish Fed Alignment: Aggressive short-end selling indicates a market matching the Fed’s rhetoric that rates must stay elevated to break the commodity cycle.
    • Curve Inversion Hardening: The front end is reacting significantly faster to raw material news than long-term growth notes, deeping curve anxieties.
ZF 5-Year T-Note (ZFJ26)
    • Intermediate Curve Shift: The 5-Year note dropped to 106.9219, marking the primary battleground for institutional portfolio duration re-balancing today.
    • Corporate Cost Floor Spiking: Rising intermediate yields are increasing the projected refinancing costs for capital-intensive industrial manufacturing.
    • TIPS Rotation: Fixed-income desks showed active rotation out of nominal intermediate debt and into inflation-protected structures as the grain rally accelerated.
ZN 10-Year T-Note (ZNJ26)
    • Benchmark Sell-Off: The 10-Year benchmark note slid to 109.2969, with investors actively exiting fixed duration in favor of cash liquidity and hard commodities.
    • Real Yield Adjustment: Inflation-adjusted yields are adjusting upward as the bond market digests a renewed supply-chain and shipping cost matrix.
    • Duration Flight: Institutional portfolio managers are systematically cutting long-duration exposure to insulate against a multi-month inflation bounce.
ZB 30-Year Bond (ZBJ26)
    • Terminal Inflation Anchor Reset: The 30-Year Bond fell to 110.6875, under intense pressure as long-term terminal inflation expectations are forced higher by energy realities.
    • Pension Liability Matching: Long-term institutional asset managers used the sell-off to selectively lock in yield, providing a soft afternoon floor.
    • Supply Auction Anxiety: Massive upcoming long-bond supply auctions are weighing heavily on background sentiment, keeping buyers defensive.
AGRICULTURAL
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ZC Corn (ZCN26)
    • Ethanol Connection Squeeze: Corn exploded higher to 477.25, driven by the late-session surge in WTI crude oil, which heavily boosts ethanol blending margins.
    • Midwest Planting Delays: Heavy unseasonal rain across key sections of the eastern Corn Belt has slowed field progress, triggering immediate short covering.
    • Export Demand Pop: Sudden international buying tenders emerged mid-day, signaling that global importers are scrambling to secure physical grain supplies.
ZW Wheat (ZWN26)
    • Geopolitical Risk Squeeze: Wheat surged to 664.75, highly sensitive to renewed logistical friction and export inspection delays across major Black Sea trade routes.
    • Global Weather Degradation: Hard red winter wheat crop condition ratings in the U.S. Plains saw a surprise downward adjustment, fueling structural scarcity fears.
    • Sovereign Procurement Scramble: Major North African and Middle Eastern state buyers accelerated physical purchases, creating an aggressive demand floor.
ZS Soybeans (ZSN26)
    • Bio-Diesel Drag Bid: Soybeans surged to 1212, heavily supported by a roaring vegetable oil complex that is tracking global distillate and heating oil tightness.
    • South American Logistics Bottle: Port congestion and labor delays in major Brazilian transport hubs are slowing the physical flow of the global harvest.
    • Crush Margin Expansion: Robust domestic processing demand for meal and oil is encouraging processors to aggressively bid up prompt-delivery beans.
CT Cotton (CTN26)
    • Acreage Shift Speculation: Cotton rallied to 83.7, as the massive surge in grain prices raises fears that farmers will abandon cotton acres in favor of corn.
    • Logistics Cost Squeeze: Normalizing ocean freight rates face a secondary threat from rising fuel premiums, increasing the cost of delivering U.S. bales to Asian mills.
    • Consumer Resilience Bet: Despite broader equity consolidation, stable domestic labor data keeps expectations alive for resilient global textile demand.
KC Coffee (KCN26)
    • Brazilian Supply Deficit: Coffee settled lower at 264.2, but sits on a massive structural floor as prolonged dry spells in Brazil’s Arabica belt lock in a multi-year deficit.
    • Certified Stock Scarcity: ICE exchange warehouse stocks remain at historical lows, leaving the spot market hyper-vulnerable to any shipping or harvest delays.
    • Freight Premium Sticky: Rerouting shipping containers around traditional geopolitical chokepoints adds a fixed, non-negotiable cost to all waterborne deliveries.
CC Cocoa (CCN26)
    • West African Crisis Rule: Cocoa slid to 3791, experiencing technical profit-taking, though the underlying structural production crisis in Côte d’Ivoire remains the dominant fundamental force.
    • Inelastic Demand Squeeze: Chocolate manufacturers are trapped in an aggressive competition for limited physical bean supplies, largely ignoring short-term macro shifts.
    • Consumer Margin Warning: Record-high wholesale bean costs are systematically forcing manufacturers to downsize product footprints to preserve retail space.
OJ Orange Juice (OJN26)
    • Historic Production Lows: Orange Juice settled down at 160.3, navigating a brief technical correction within a permanent bull market driven by critical supply drops in Florida and Brazil.
    • Frozen Concentrate Drain: Global stockpiles of frozen concentrated orange juice sit at levels that keep the physical spot market in a continuous, structural squeeze.
    • Sticky Consumer Demand: Retail data shows that despite multi-year high pricing at the grocery store, consumer demand has remained remarkably inelastic.
LB Lumber (LBN26)
    • Housing Outlook Balance: Lumber settled up at 593, supported by stable domestic employment data that promises a resilient summer building cycle.
    • Mill Cost Efficiency Squeeze: Rising diesel and logistics costs are squeezing North American timber mill margins, forcing producers to maintain strict supply discipline.
    • Spring Peak Demand: Physical homebuilders are steadily drawing down warehouse inventories, preventing any structural inventory gluts from forming.

If you have questions contact me.

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Peter Knight
Voice & Video Chats.
Message me

 

 

Disclosure

260518 positions, 260519 stops, reversals & objectives

Intraday Quotes
S&P 500 NASDAQ Dow Gold Silver
Copper Platinum Bitcoin Crude Gasoline
Swiss Euro Dollar Yen
How to track trades
 Performance Historical Trade Reports
 
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JUN26 MINI SP 500       1857 Trading days from 190102 to 260518

Running .DAT file ESN011.DAT

Last trading day was 260518   Closing price was 7425.7500

Current V value is 162.250000 (649 ticks)  K1 value is 0.41
V*K1 for tomorrow is 66.522500 (266 ticks)

BuyStop for tomorrow is 7492.2500  SellStop is 7359.2500

Protective stop price is 8425.7500
Profit objective price is 7136.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7448.0000
Open trade equity is 1112.50

From 190102 total profit is 319162.50
            current drawdown is -7212.50
            maximum drawdown was -31150.00
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JUN26 MICRO SP 500       1857 Trading days from 190102 to 260518

Running .DAT file ESM004.DAT

Last trading day was 260518   Closing price was 7425.7500

Current V value is 162.250000 (649 ticks)  K1 value is 0.41
V*K1 for tomorrow is 66.522500 (266 ticks)

BuyStop for tomorrow is 7492.2500  SellStop is 7359.2500

Protective stop price is 17425.7500
Profit objective price is 7136.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7448.0000
Open trade equity is 111.25

From 190102 total profit is 17336.25
            current drawdown is -1040.00
            maximum drawdown was -4791.25
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JUN26 MINI NASDAQ 100       1857 Trading days from 190102 to 260518

Running .DAT file NQN002.DAT

Last trading day was 260518   Closing price was 29096.0000

Current V value is 1539.000000 (6156 ticks)  K1 value is 0.43
V*K1 for tomorrow is 661.770000 (2647 ticks)

BuyStop for tomorrow is 29772.0000  SellStop is 28448.5000

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
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JUN26 MICRO NASDAQ 100       1857 Trading days from 190102 to 260518

Running .DAT file NQM008.DAT

Last trading day was 260518   Closing price was 29096.0000

Current V value is 1539.000000 (6156 ticks)  K1 value is 0.43
V*K1 for tomorrow is 661.770000 (2647 ticks)

BuyStop for tomorrow is 29772.0000  SellStop is 28448.5000

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
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JUN26 DOW FUTURES       1857 Trading days from 190102 to 260518

Running .DAT file YMN016.DAT

Last trading day was 260518   Closing price was 49768.0000

Current V value is 1684.000000 (1684 ticks)  K1 value is 0.26
V*K1 for tomorrow is 437.840000 (438 ticks)

BuyStop for tomorrow is 50052.0000  SellStop is 49176.0000

Protective stop price is 59617.0000
Profit objective price is 45409.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 49669.0000
Open trade equity is -495.00

From 190102 total profit is 249210.00
            current drawdown is -8110.00
            maximum drawdown was -18315.00
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JUN26 MICRO DOW FUTURES       1857 Trading days from 190102 to 260518

Running .DAT file YMM015.DAT

Last trading day was 260518   Closing price was 49768.0000

Current V value is 1684.000000 (1684 ticks)  K1 value is 0.27
V*K1 for tomorrow is 454.680000 (455 ticks)

BuyStop for tomorrow is 50043.0000  SellStop is 49134.0000

Protective stop price is 52867.0000
Profit objective price is 45044.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 49644.0000
Open trade equity is -62.00

From 190102 total profit is 17760.00
            current drawdown is -1186.50
            maximum drawdown was -2361.50
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JUN26 GOLD 100       1856 Trading days from 190102 to 260518

Running .DAT file GC1005.DAT

Last trading day was 260518   Closing price was 4558.0000

Current V value is 156.300293 (15630 ticks)  K1 value is 0.80
V*K1 for tomorrow is 125.040234 (12504 ticks)

BuyStop for tomorrow is 4661.0900  SellStop is 4411.0100

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
................................................................
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JUN26 MINI GOLD 50       1856 Trading days from 190102 to 260518

Running .DAT file GC2014.DAT

Last trading day was 260518   Closing price was 4558.0000

Current V value is 109.961449 (10996 ticks)  K1 value is 0.86
V*K1 for tomorrow is 94.566846 (9457 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
................................................................
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JUL26 MICRO GOLD 10       1856 Trading days from 190102 to 260518

Running .DAT file GC3010.DAT

Last trading day was 260518   Closing price was 4558.0000

Current V value is 178.500000 (17850 ticks)  K1 value is 0.63
V*K1 for tomorrow is 112.455000 (11246 ticks)

BuyStop for tomorrow is 4655.8200  SellStop is 4430.9100

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
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JUL26 5000 COMEX SILVER       1856 Trading days from 190102 to 260518

Running .DAT file SI1005.DAT

Last trading day was 260518   Closing price was 77.4440

Current V value is 4.510002 (4510 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.300101 (2300 ticks)

BuyStop for tomorrow is 79.7440  SellStop is 75.1440

Protective stop price is 95.4440
Profit objective price is 74.0030

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 87.4430
Open trade equity is 49995.00

From 190102 total profit is 915590.02
            current drawdown is -1830.00
            maximum drawdown was -43100.00
................................................................
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JUL26 2500 COMEX SILVER       1856 Trading days from 190102 to 260518

Running .DAT file SI2005.DAT

Last trading day was 260518   Closing price was 77.4440

Current V value is 4.510002 (4510 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.300101 (2300 ticks)

BuyStop for tomorrow is 79.7440  SellStop is 75.1440

Protective stop price is 97.4440
Profit objective price is 74.0030

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 87.4430
Open trade equity is 24997.50

From 190102 total profit is 436720.01
            current drawdown is -940.00
            maximum drawdown was -21625.00
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MAY26 1000 COMEX SILVER       1856 Trading days from 190102 to 260518

Running .DAT file SI3005.DAT

Last trading day was 260518   Closing price was 77.4440

Current V value is 4.510002 (4510 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.300101 (2300 ticks)

BuyStop for tomorrow is 79.7440  SellStop is 75.1440

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 151109.00
            current drawdown is 0.00
            maximum drawdown was -8740.00
................................................................
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JUL26 COPPER 25000       1856 Trading days from 190102 to 260518

Running .DAT file HG1005.DAT

Last trading day was 260518   Closing price was 6.3155

Current V value is 0.846500 (16930 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.253950 (5079 ticks)

BuyStop for tomorrow is 6.5695  SellStop is 6.0616

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 142802.50
            current drawdown is -3722.50
            maximum drawdown was -14852.50
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JUL26 MINI COPPER 12500       1856 Trading days from 190102 to 260518

Running .DAT file HG2001.DAT

Last trading day was 260518   Closing price was 6.3155

Current V value is 0.846500 (16930 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.253950 (5079 ticks)

BuyStop for tomorrow is 6.5695  SellStop is 6.0616

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 61614.37
            current drawdown is -3448.75
            maximum drawdown was -7941.25
................................................................
.................................................................

OCT26 PLATINUM 50       1856 Trading days from 190102 to 260518

Running .DAT file PLA008.DAT

Last trading day was 260518   Closing price was 1996.4000

Current V value is 104.700073 (10470 ticks)  K1 value is 0.46
V*K1 for tomorrow is 48.162034 (4816 ticks)

BuyStop for tomorrow is 2045.3000  SellStop is 1948.9700

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
................................................................
.................................................................

JUN26 1000 CRUDE OIL       1856 Trading days from 190102 to 260518

Running .DAT file CL1012.DAT

Last trading day was 260518   Closing price was 108.6600

Current V value is 14.039993 (1404 ticks)  K1 value is 0.50
V*K1 for tomorrow is 7.019997 (702 ticks)

BuyStop for tomorrow is 115.6800  SellStop is 101.6400

Protective stop price is 144.8100
Profit objective price is 81.2800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 96.3800
Open trade equity is -12280.00

From 190102 total profit is 212230.01
            current drawdown is -9490.00
            maximum drawdown was -22830.00
................................................................
.................................................................

JUN26 500 CRUDE OIL       1856 Trading days from 190102 to 260518

Running .DAT file CL2010.DAT

Last trading day was 260518   Closing price was 108.6600

Current V value is 14.039993 (1404 ticks)  K1 value is 0.50
V*K1 for tomorrow is 7.019997 (702 ticks)

BuyStop for tomorrow is 115.6800  SellStop is 101.6400

Protective stop price is 194.8100
Profit objective price is 81.2800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 96.3800
Open trade equity is -6140.00

From 190102 total profit is 100190.00
            current drawdown is -4770.00
            maximum drawdown was -11440.00
................................................................
.................................................................

OCT26 42000 GASLOINE       1856 Trading days from 190102 to 260518

Running .DAT file RBN005.DAT

Last trading day was 260518   Closing price was 2.9894

Current V value is 0.246400 (2464 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.123200 (1232 ticks)

BuyStop for tomorrow is 3.1126  SellStop is 2.8662

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
................................................................
.................................................................

MAY26 MICRO BITCOIN       1857 Trading days from 190102 to 260518

Running .DAT file BTC022.DAT

Last trading day was 260518   Closing price was 76895.0000

Current V value is 3335.000000 (3335 ticks)  K1 value is 0.56
V*K1 for tomorrow is 1867.600000 (1868 ticks)

BuyStop for tomorrow is 78943.0000  SellStop is 75207.0000

Protective stop price is 88645.0000
Profit objective price is 49269.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 79269.0000
Open trade equity is 237.40

From 190102 total profit is 24009.00
            current drawdown is -2541.80
            maximum drawdown was -3038.00
................................................................
.................................................................

JUN26 1250000 YEN       1857 Trading days from 190102 to 260518

Running .DAT file J6N012.DAT

Last trading day was 260518   Closing price was 0.6301

Current V value is 0.012050 (120 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.008314 (83 ticks)

BuyStop for tomorrow is 0.6384  SellStop is 0.6218

Protective stop price is 0.6182
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is -350.00

From 190102 total profit is 63518.74
            current drawdown is -2431.25
            maximum drawdown was -9943.74
................................................................
.................................................................

JUN26 100000 DOLLAR INDEX       1892 Trading days from 190102 to 260518

Running .DAT file DXX016.DAT

Last trading day was 260518   Closing price was 99.1050

Current V value is 1.057999 (10580 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.444359 (4444 ticks)

BuyStop for tomorrow is 99.5494  SellStop is 98.6606

Protective stop price is 97.6830
Profit objective price is 101.9231

V is equal to or greater than high filter value of 8750
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently long 1 contract(s) at 98.0231
Open trade equity is 1081.90

From 190102 total profit is 30525.39
            current drawdown is -900.71
            maximum drawdown was -5535.50
................................................................
.................................................................

JUN26 125000 EURO FX       1857 Trading days from 190102 to 260518

Running .DAT file E6N015.DAT

Last trading day was 260518   Closing price was 1.1644

Current V value is 0.018250 (182 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.007665 (77 ticks)

BuyStop for tomorrow is 1.1721  SellStop is 1.1567

Protective stop price is 1.1915
Profit objective price is 1.1366

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.1742
Open trade equity is 1225.00

From 190102 total profit is 73675.00
            current drawdown is -1206.25
            maximum drawdown was -7062.50
................................................................
.................................................................

JUN26 62500 EUR0 FX MINI       1857 Trading days from 190102 to 260518

Running .DAT file E7M008.DAT

Last trading day was 260518   Closing price was 1.1644

Current V value is 0.018250 (182 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.007665 (77 ticks)

BuyStop for tomorrow is 1.1721  SellStop is 1.1567

Protective stop price is 1.1917
Profit objective price is 1.1366

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.1742
Open trade equity is 612.50

From 190102 total profit is 34137.50
            current drawdown is -628.12
            maximum drawdown was -3881.25
................................................................
.................................................................

JUN26 125000 SWISS FRANC       1857 Trading days from 190102 to 260518

Running .DAT file S6N003.DAT

Last trading day was 260518   Closing price was 1.2760

Current V value is 0.006008 (60 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.007510 (75 ticks)

BuyStop and SellStop computation requires tomorrow's Open

Protective stop price is 0.8927
Profit objective price is 1.3250

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.2714
Open trade equity is 575.00

From 190102 total profit is 90725.01
            current drawdown is 0.00
            maximum drawdown was -9587.51
................................................................

If you have questions contact me.

Peter Knight
Direct +1-340-244-4310
Voice & Video Chats.
Message me

 

Disclosure

260515 positions, 260518 stops, reversals & objectives

Intraday Quotes
S&P 500 NASDAQ Dow Gold Silver
Copper Platinum Bitcoin Crude Gasoline
Swiss Euro Dollar Yen
How to track trades
 Performance Historical Trade Reports
 
.................................................................

JUN26 MINI SP 500       1856 Trading days from 190102 to 260515

Running .DAT file ESN011.DAT

Last trading day was 260515   Closing price was 7432.2500

Current V value is 189.250000 (757 ticks)  K1 value is 0.41
V*K1 for tomorrow is 77.592500 (310 ticks)

BuyStop for tomorrow is 7509.7500  SellStop is 7354.7500

Protective stop price is 8432.2500
Profit objective price is 7136.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7448.0000
Open trade equity is 787.50

From 190102 total profit is 318837.50
            current drawdown is -7212.50
            maximum drawdown was -31150.00
................................................................
.................................................................

JUN26 MICRO SP 500       1856 Trading days from 190102 to 260515

Running .DAT file ESM004.DAT

Last trading day was 260515   Closing price was 7432.2500

Current V value is 189.250000 (757 ticks)  K1 value is 0.41
V*K1 for tomorrow is 77.592500 (310 ticks)

BuyStop for tomorrow is 7509.7500  SellStop is 7354.7500

Protective stop price is 17432.2500
Profit objective price is 7136.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7448.0000
Open trade equity is 78.75

From 190102 total profit is 17303.75
            current drawdown is -1040.00
            maximum drawdown was -4791.25
................................................................
.................................................................

JUN26 MINI NASDAQ 100       1856 Trading days from 190102 to 260515

Running .DAT file NQN002.DAT

Last trading day was 260515   Closing price was 29231.7500

Current V value is 2050.250000 (8201 ticks)  K1 value is 0.43
V*K1 for tomorrow is 881.607500 (3526 ticks)

BuyStop for tomorrow is 30233.5000  SellStop is 28470.2500

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
................................................................
.................................................................

JUN26 MICRO NASDAQ 100       1856 Trading days from 190102 to 260515

Running .DAT file NQM008.DAT

Last trading day was 260515   Closing price was 29231.7500

Current V value is 2050.250000 (8201 ticks)  K1 value is 0.43
V*K1 for tomorrow is 881.607500 (3526 ticks)

BuyStop for tomorrow is 30233.5000  SellStop is 28470.2500

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
................................................................
.................................................................

JUN26 DOW FUTURES       1856 Trading days from 190102 to 260515

Running .DAT file YMN016.DAT

Last trading day was 260515   Closing price was 49617.0000

Current V value is 1684.000000 (1684 ticks)  K1 value is 0.26
V*K1 for tomorrow is 437.840000 (438 ticks)

BuyStop for tomorrow is 50160.0000  SellStop is 49284.0000

Protective stop price is 59617.0000
Profit objective price is 45409.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 49669.0000
Open trade equity is 260.00

From 190102 total profit is 249965.00
            current drawdown is -8110.00
            maximum drawdown was -18315.00
................................................................
.................................................................

JUN26 MICRO DOW FUTURES       1856 Trading days from 190102 to 260515

Running .DAT file YMM015.DAT

Last trading day was 260515   Closing price was 49617.0000

Current V value is 1684.000000 (1684 ticks)  K1 value is 0.27
V*K1 for tomorrow is 454.680000 (455 ticks)

BuyStop for tomorrow is 50194.0000  SellStop is 49285.0000

Protective stop price is 52867.0000
Profit objective price is 45044.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 49644.0000
Open trade equity is 13.50

From 190102 total profit is 17835.50
            current drawdown is -1186.50
            maximum drawdown was -2361.50
................................................................
.................................................................

JUN26 GOLD 100       1855 Trading days from 190102 to 260515

Running .DAT file GC1005.DAT

Last trading day was 260515   Closing price was 4561.8999

Current V value is 156.300293 (15630 ticks)  K1 value is 0.80
V*K1 for tomorrow is 125.040234 (12504 ticks)

BuyStop for tomorrow is 4716.9900  SellStop is 4466.9100

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
................................................................
.................................................................

JUN26 MINI GOLD 50       1855 Trading days from 190102 to 260515

Running .DAT file GC2014.DAT

Last trading day was 260515   Closing price was 4561.8999

Current V value is 109.730644 (10973 ticks)  K1 value is 0.86
V*K1 for tomorrow is 94.368354 (9437 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
................................................................
.................................................................

JUL26 MICRO GOLD 10       1855 Trading days from 190102 to 260515

Running .DAT file GC3010.DAT

Last trading day was 260515   Closing price was 4561.8999

Current V value is 178.500000 (17850 ticks)  K1 value is 0.63
V*K1 for tomorrow is 112.455000 (11246 ticks)

BuyStop for tomorrow is 4694.3900  SellStop is 4469.4800

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
................................................................
.................................................................

JUL26 5000 COMEX SILVER       1855 Trading days from 190102 to 260515

Running .DAT file SI1005.DAT

Last trading day was 260515   Closing price was 77.5470

Current V value is 8.290001 (8290 ticks)  K1 value is 0.51
V*K1 for tomorrow is 4.227900 (4228 ticks)

BuyStop for tomorrow is 81.7750  SellStop is 73.3190

Protective stop price is 95.5470
Profit objective price is 74.0030

V is equal to or greater than high filter value of 6775
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently short 1 contract(s) at 87.4430
Open trade equity is 49480.01

From 190102 total profit is 915075.03
            current drawdown is -1830.00
            maximum drawdown was -43100.00
................................................................
.................................................................

JUL26 2500 COMEX SILVER       1855 Trading days from 190102 to 260515

Running .DAT file SI2005.DAT

Last trading day was 260515   Closing price was 77.5470

Current V value is 8.290001 (8290 ticks)  K1 value is 0.51
V*K1 for tomorrow is 4.227900 (4228 ticks)

BuyStop for tomorrow is 81.7750  SellStop is 73.3190

Protective stop price is 97.5470
Profit objective price is 74.0030

V is equal to or greater than high filter value of 6775
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently short 1 contract(s) at 87.4430
Open trade equity is 24740.01

From 190102 total profit is 436462.52
            current drawdown is -940.00
            maximum drawdown was -21625.00
................................................................
.................................................................

MAY26 1000 COMEX SILVER       1855 Trading days from 190102 to 260515

Running .DAT file SI3005.DAT

Last trading day was 260515   Closing price was 77.5470

Current V value is 8.290001 (8290 ticks)  K1 value is 0.51
V*K1 for tomorrow is 4.227900 (4228 ticks)

BuyStop for tomorrow is 81.7750  SellStop is 73.3190

Protective stop price is 127.5470
Profit objective price is 74.2430

V is equal to or greater than high filter value of 6775
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently short 1 contract(s) at 87.4430
Open trade equity is 9896.00

From 190102 total profit is 147855.01
            current drawdown is -406.00
            maximum drawdown was -8740.00
................................................................
.................................................................

JUL26 COPPER 25000       1855 Trading days from 190102 to 260515

Running .DAT file HG1005.DAT

Last trading day was 260515   Closing price was 6.2950

Current V value is 0.987000 (19740 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.296100 (5922 ticks)

BuyStop for tomorrow is 6.5911  SellStop is 5.9989

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 142802.50
            current drawdown is -3722.50
            maximum drawdown was -14852.50
................................................................
.................................................................

JUL26 MINI COPPER 12500       1855 Trading days from 190102 to 260515

Running .DAT file HG2001.DAT

Last trading day was 260515   Closing price was 6.2950

Current V value is 0.987000 (19740 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.296100 (5922 ticks)

BuyStop for tomorrow is 6.5911  SellStop is 5.9989

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 61614.37
            current drawdown is -3448.75
            maximum drawdown was -7941.25
................................................................
.................................................................

OCT26 PLATINUM 50       1855 Trading days from 190102 to 260515

Running .DAT file PLA008.DAT

Last trading day was 260515   Closing price was 2011.5000

Current V value is 115.399902 (11540 ticks)  K1 value is 0.46
V*K1 for tomorrow is 53.083955 (5308 ticks)

BuyStop for tomorrow is 2088.8800  SellStop is 1982.7200

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
................................................................
.................................................................

JUN26 1000 CRUDE OIL       1855 Trading days from 190102 to 260515

Running .DAT file CL1012.DAT

Last trading day was 260515   Closing price was 105.4200

Current V value is 14.039993 (1404 ticks)  K1 value is 0.50
V*K1 for tomorrow is 7.019997 (702 ticks)

BuyStop for tomorrow is 112.4400  SellStop is 98.4000

Protective stop price is 144.8100
Profit objective price is 81.2800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 96.3800
Open trade equity is -9040.00

From 190102 total profit is 215470.01
            current drawdown is -9490.00
            maximum drawdown was -19590.00
................................................................
.................................................................

JUN26 500 CRUDE OIL       1855 Trading days from 190102 to 260515

Running .DAT file CL2010.DAT

Last trading day was 260515   Closing price was 105.4200

Current V value is 14.039993 (1404 ticks)  K1 value is 0.50
V*K1 for tomorrow is 7.019997 (702 ticks)

BuyStop for tomorrow is 112.4400  SellStop is 98.4000

Protective stop price is 194.8100
Profit objective price is 81.2800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 96.3800
Open trade equity is -4520.00

From 190102 total profit is 101810.01
            current drawdown is -4770.00
            maximum drawdown was -9820.00
................................................................
.................................................................

OCT26 42000 GASLOINE       1855 Trading days from 190102 to 260515

Running .DAT file RBN005.DAT

Last trading day was 260515   Closing price was 2.9270

Current V value is 0.246400 (2464 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.123200 (1232 ticks)

BuyStop for tomorrow is 3.0502  SellStop is 2.8038

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
................................................................
.................................................................

MAY26 MICRO BITCOIN       1856 Trading days from 190102 to 260515

Running .DAT file BTC022.DAT

Last trading day was 260515   Closing price was 79210.0000

Current V value is 3335.000000 (3335 ticks)  K1 value is 0.56
V*K1 for tomorrow is 1867.600000 (1868 ticks)

BuyStop for tomorrow is 81614.0000  SellStop is 77879.0000

Protective stop price is 90960.0000
Profit objective price is 49269.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 79269.0000
Open trade equity is 5.90

From 190102 total profit is 23777.50
            current drawdown is -2541.80
            maximum drawdown was -3038.00
................................................................
.................................................................

JUN26 1250000 YEN       1856 Trading days from 190102 to 260515

Running .DAT file J6N012.DAT

Last trading day was 260515   Closing price was 0.6316

Current V value is 0.012050 (120 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.008314 (83 ticks)

BuyStop for tomorrow is 0.6399  SellStop is 0.6233

Protective stop price is 0.6182
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is -162.50

From 190102 total profit is 63706.25
            current drawdown is -2431.25
            maximum drawdown was -9943.74
................................................................
.................................................................

JUN26 100000 DOLLAR INDEX       1891 Trading days from 190102 to 260515

Running .DAT file DXX016.DAT

Last trading day was 260515   Closing price was 99.2080

Current V value is 1.377998 (13780 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.578759 (5788 ticks)

BuyStop for tomorrow is 99.7868  SellStop is 98.6292

Protective stop price is 97.6830
Profit objective price is 101.9231

V is equal to or greater than high filter value of 8750
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently long 1 contract(s) at 98.0231
Open trade equity is 1184.90

From 190102 total profit is 30628.39
            current drawdown is -900.71
            maximum drawdown was -5535.50
................................................................
.................................................................

JUN26 125000 EURO FX       1856 Trading days from 190102 to 260515

Running .DAT file E6N015.DAT

Last trading day was 260515   Closing price was 1.1637

Current V value is 0.018250 (182 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.007665 (77 ticks)

BuyStop for tomorrow is 1.1714  SellStop is 1.1560

Protective stop price is 1.1915
Profit objective price is 1.1366

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.1742
Open trade equity is 1312.50

From 190102 total profit is 73762.50
            current drawdown is -1206.25
            maximum drawdown was -7062.50
................................................................
.................................................................

JUN26 62500 EUR0 FX MINI       1856 Trading days from 190102 to 260515

Running .DAT file E7M008.DAT

Last trading day was 260515   Closing price was 1.1637

Current V value is 0.018250 (182 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.007665 (77 ticks)

BuyStop for tomorrow is 1.1714  SellStop is 1.1560

Protective stop price is 1.1917
Profit objective price is 1.1366

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 1.1742
Open trade equity is 656.25

From 190102 total profit is 34181.25
            current drawdown is -628.12
            maximum drawdown was -3881.25
................................................................
.................................................................

JUN26 125000 SWISS FRANC       1856 Trading days from 190102 to 260515

Running .DAT file S6N003.DAT

Last trading day was 260515   Closing price was 1.2746

Current V value is 0.006333 (63 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.007917 (79 ticks)

BuyStop and SellStop computation requires tomorrow's Open

Protective stop price is 0.8927
Profit objective price is 1.3250

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.2714
Open trade equity is 406.25

From 190102 total profit is 90556.25
            current drawdown is 0.00
            maximum drawdown was -9587.51
................................................................

If you have questions contact me.

Peter Knight
Direct +1-340-244-4310
Voice & Video Chats.
Message me

 

 

Disclosure

What Moved the Market 260508

EMA Chart, Quote & Opinion Page for all markets below
Message me for our report “Defining Risk with Premium Neutral Option Collars” 
x
Friday’s session was defined by a “cooling but resilient” narrative as the April Employment Report provided the final piece of the week’s economic puzzle. Markets reacted with a measured “risk-on” tone as the job data supported a soft-landing scenario, allowing major indices to hold near record territory despite the massive geopolitical volatility seen earlier in the week.
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THE LABOR MARKET CALIBRATION
The day’s primary driver was the April Employment Report, which showed nonfarm payrolls increased by 115,000. This landed in a “Goldilocks” zone—strong enough to signal continued economic expansion, but soft enough to suggest that labor-driven inflation is cooling. With the unemployment rate holding steady at 4.3%, the market viewed this as a confirmation that the U.S. economy is absorbing higher rates without sliding into a hard landing.
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THE ENERGY TAX RELIEF
The “Peace Slide” in energy reached a state of equilibrium today. After the volatility earlier in the week, WTI Crude settled into a stable range as traders digested the news of normalizing shipping lanes in the Middle East. This stabilization acted as a persistent tailwind for the transportation and warehousing sectors, which were cited by the BLS as primary areas of job growth for the month of April.
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YIELD CURVE STABILIZATION
Treasury yields reacted calmly to the employment data, with the benchmark yield finishing the week near 4.38%. The lack of a major “upside surprise” in wages or job growth prevented a spike in rates, providing the necessary valuation floor for mega-cap tech and AI leaders. This yield stability has allowed the market to transition from geopolitical fear back to fundamental growth metrics as the primary valuation anchor.
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INDICES
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ES S&P 500 (ESM26)
    • Record Level: The S&P 500 futures settled at 7419, fueled by the resilient labor data which encouraged a rotation back into broad equity sectors.
    • Sector Breadth: Positive hiring in healthcare and retail drove broad participation, moving the index beyond just a tech-heavy rally.
    • Yield Tailwinds: A stabilizing Treasury curve provided the valuation support needed for high-multiple components to hold their gains.

NQ NASDAQ 100 (NQM26)
    • AI Resilience: The Nasdaq 100 settled at a record 29332.5, as institutional money huddles in mega-cap tech as a growth sanctuary.
    • Duration Bid: Lower wage growth in the jobs report protected tech valuations from aggressive profit-taking.
    • Supply Chain Relief: Large-cap tech with global exposure caught a bid as the energy-driven “inflation tax” on manufacturing began to recede.

YM Dow Jones (YMM26)
    • Blue-Chip Recovery: The Dow settled higher at 49691, reclaiming ground as industrial and transport components cheered the de-escalation of fuel-cost spikes.
    • Correction Exit: The average has successfully moved out of correction territory, signaling a return of institutional confidence in value stocks.
    • Retail Strength: Strong hiring in the retail sector provided a late-session lift to consumer staples and discretionary components.

QR Russell 2000 (RTYM26)
    • Small-Cap Record: Small-caps outperformed today, settling at 2867.6 as the combination of steady employment and stabilizing borrowing costs improved domestic sentiment.
    • Credit Confidence: Domestic-focused firms are seeing improved appetite as the threat of a “rate-hike reacceleration” fades with cooling energy prices.
    • Labor Efficiency: Sustained hiring in the services sector is viewed as a major fundamental support for the small-cap complex.

FX Euro Stoxx 50
    • Energy Import Sensitivity: European blue-chips recovered as the immediate threat to Middle East energy routes was significantly downgraded today.
    • Manufacturing Relief: Heavy industrial firms in Germany and France saw a “relief bid” as input cost projections for the summer cycle cooled.
    • ECB Outlook: Investors are betting the ECB may still have room to support growth now that the energy-driven stagflation threat has eased.

SZ Swiss Index
    • Stability Premium: Global capital remains anchored in Swiss pharma and staples despite the broader return to “risk-on” assets.
    • Franc Normalization: A stable Swiss Franc is allowing global exporters to maintain price parity without sacrificing margins.
    • Quality Rotation: Defensive Swiss blue-chips are being held as “core insurance” against any potential secondary geopolitical shocks.

MX CAC 40
    • Luxury Sector Rebound: French luxury giants saw renewed interest as global inflation fears moderated from Monday’s highs.
    • Input Relief: French industrial firms are reacting positively to the stabilization of regional electricity and fuel costs.
    • Margin Confidence: Improved trade data is boosting confidence that French manufacturers can maintain margins despite global volatility.

AE AEX
    • Semiconductor Anchor: Strong concentration in chip-making equipment firms allowed the Dutch index to track the gains in the US tech sector.
    • Logistics Hub Bid: As shipping lane fears eased, Amsterdam-based transport and logistics firms saw a recovery in volume projections.
    • Dividend Attraction: The AEX continues to attract income-seeking capital as the “energy-driven” inflation threat moderates.

NY Nikkei
    • Import Relief: As a major energy importer, the Japanese market caught a significant “relief bid” as oil prices pulled back from recent peaks.
    • Yen Stabilization: The pause in the Yen’s decline is helping to moderate crippling domestic inflation concerns for Japanese manufacturers.
    • Export Earnings: Japanese exporters are benefiting from a “goldilocks” zone of high global demand and a competitive currency.

HS Hang Seng
    • Supply Chain Optimism: Signs of diplomatic cooling in the Middle East are dampening fears of global manufacturing export delays.
    • Energy Drag Mitigation: Lower oil prices provide the mainland with more fiscal room to provide stimulus to the property sector.
    • Value Bottoming: Institutional value-seekers are increasingly identifying the Hang Seng as a long-term valuation play.
METALS
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GC Gold (GCM26)
    • Safety Pivot: Gold settled higher at 4730.7, as the “crisis bid” shifted into a long-term inflation-protection play amidst a softening Dollar.
    • Yield Sensitivity: Bullion remains sensitive to the 10-year yield, but strong central bank buying is providing a permanent structural floor.
    • Mining Margin Expansion: Producers are benefiting from the dual-tailwind of high metal prices and lower energy input costs.

SI Silver (SIM26)
    • Industrial Momentum: Silver participated in the broad metals rally to settle at 80.865, benefiting from its role as a key component in high-tech manufacturing.
    • Electronic Demand: The continued record-run in tech is boosting the medium-term demand projections for silver components.
    • Technical Reset: The metal is finding support as industrial demand projections stabilize after the week’s earlier washout.

HG Copper 25K (HGM26)
    • Growth Re-pricing: Copper settled higher at 6.2965, as the market shifts from “recession fear” back to a global growth and electrification narrative.
    • Supply Constraints: Persistent mining disruptions in South America are preventing any significant price collapse despite the macro volatility.
    • Infrastructure Demand: Long-term electrification projects in the U.S. and China continue to provide a structural bid for high-grade copper.

PL Platinum 50 (PLN26)
    • Automotive Recovery: Hopes for stabilized vehicle production and lower energy costs are supporting platinum demand over more expensive peers.
    • Scarcity Premium: Ongoing energy and labor constraints in South African hubs remain a permanent fundamental pillar for the metal.
    • Settlement: The metal settled at 2059.3, catching a bid as institutional investors rotate back into industrial “hard assets.”

ENERGY

CL Crude Oil (CLM26)
    • Settlement Recovery: WTI Crude settled higher at 95.42, reclaiming ground as reports of fresh cargo ship disruptions reignited the supply-risk premium.
    • Hormuz Friction: Despite peace talks, the market remains hypersensitive to any immediate physical threat to global shipping lanes.
    • Supply Resistance: Record-level U.S. domestic production continues to act as a structural cap, preventing a full reclamation of the week’s highs.

NG Natural Gas (NGM26)
    • Marginal Retraction: Natural Gas diverged from the oil rally to settle at 2.757, as seasonal maintenance cycles at U.S. LNG terminals limited flows for export.
    • Storage Equilibrium: Market participants remain satisfied with the current pace of storage injections ahead of peak summer cooling demand.
    • Export Headwinds: Localized constraints on LNG infrastructure are temporarily capping the upside for domestic gas prices.

RB Gasoline (RBM26)
    • Refining Margin Strength: RBOB Gasoline outperformed the broader complex to settle higher at 3.5267, as the market priced in a bottleneck premium.
    • Logistics Friction: Ongoing hurdles in refining and regional distribution are preventing a full pass-through of lower crude costs to futures.
    • Demand Buffer: Resilient April retail hiring data reinforces expectations for record-high domestic travel volumes this summer.

HO Heating Oil (HOM26)
    • Distillate Resilience: Heating Oil settled sharply higher at 3.8991, led by critical localized inventory shortages in the NY Harbor market.
    • Shortage-Driven Bid: Unlike crude, distillates remain in a structural squeeze with global inventories at multi-year lows.
    • Industrial Consumption: Robust hiring in the transportation and warehousing sectors is providing a non-seasonal fundamental floor.
CURRENCIES & CRYPTO
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DX U.S. Dollar Index (DXM26)
    • Safe-Haven Exit: The Dollar Index fell to 97.784 as the de-escalation of Middle East tensions reduced the demand for safety.
    • Yield Pressure: The stabilization of the 10-year Treasury yield reduced the Greenback’s attractiveness relative to high-growth peers.
    • Liquidity Normalization: As “panic” cash leaves the Dollar, it is rotating back into international equity markets.

A6 Australian Dollar (A6M26)
    • Risk Appetite Surge: The Aussie Dollar settled higher at 0.72375, acting as a primary beneficiary of the global “risk-on” rotation in equities.
    • Commodity Resilience: AUD is supported by strong resource prices and the expectation of continued industrial demand from Asian trade partners.
    • Yield Comparison: The RBA’s hawkish stance makes the AUD more attractive as other central banks begin to mull potential cuts.

D6 Canadian Dollar (D6M26)
    • Growth Buffering: The Loonie settled at 0.7321, benefiting from robust U.S. employment data which supports Canada’s primary trading relationship.
    • Oil Sensitivity: While Crude rallied late, the earlier weekly drop in energy prices has tempered some of the Loonie’s energy-linked premium.
    • BoC Neutrality: Traders expect the Bank of Canada to remain data-dependent as energy-driven domestic inflation begins to cool.

S6 Swiss Franc (J6M26)
    • Safe-Haven Outflow: The Franc settled at 1.2927, seeing an exit of capital as the “immediate war” trade in the Middle East cooled.
    • SNB Relief: A weaker Franc is a win for the Swiss National Bank’s efforts to support the region’s manufacturing exporters.
    • Neutrality Floor: Institutional funds maintain CHF as a core hedge against a potential secondary geopolitical shock.

E6 Euro (E6M26)
    • Energy Relief Bid: The Euro settled higher at 1.17985, as the threat of an immediate energy blockade on the Eurozone was significantly reduced.
    • Manufacturing Sentiment: A pullback in projected energy input costs is providing a “relief rally” for the region’s heavy industrial core.
    • ECB Flexibility: Stabilizing energy costs are giving the ECB more room to focus on growth rather than purely fighting a supply shock.

B6 British Pound (B6M26)
    • Consumer Confidence: The Pound settled higher at 1.3622, as lower projected energy bills are viewed as a net positive for the UK consumer.
    • Sticky Inflation: Persistent service-sector strength means the BoE is likely to keep rates higher for longer, attracting global yield-seekers.
    • Trade Normalization: Improving geopolitical outlooks are lowering the “logistics tax” on UK imports and exports.

J6 Japanese Yen (J6M26)
    • Import Relief Bid: The Yen settled at 0.006401, as the drop in crude prices lowered Japan’s projected energy import bill.
    • Yield Gap Narrowing: The stabilization of U.S. Treasury yields helped take some of the pressure off the Yen-Dollar exchange rate today.
    • Intervention Watch: The “natural” recovery in the Yen is removing the immediate pressure on the BoJ to step into the market.

BT Bitcoin (BAK26)
    • Digital Sanctuary: Bitcoin settled at 80385, maintaining its handle as it increasingly acts as a neutral alternative to sovereign assets.
    • Institutional Floor: Ongoing spot ETF inflows are providing a massive liquidity floor for the leading digital asset.
    • Safe-Haven Test: The asset’s ability to hold value during the “peace rally” suggests a maturing investor base.

TAM Ether (TAK26)
    • Nasdaq Correlation: Ether settled at 2323.5, tracking the record highs in the Nasdaq as a high-beta technology proxy.
    • Staking Demand: Institutional interest in ETH staking remains robust as a “fixed-income” alternative in a cooling yield environment.
    • Network Utility: Increased network activity during the record equity run is accelerating the “burn” of the ETH supply.
AGRICULTURAL
x
ZC Corn (ZCM26)
    • Ethanol Connection: Corn settled higher at 471.25, following the late-session recovery in Crude Oil prices.
    • Midwest Weather: Ideal spring conditions are accelerating the planting pace, signaling a massive supply is on the horizon.
    • Logistics Bid: Normalizing global shipping lanes are viewed as a major positive for U.S. corn export volumes.

ZW Wheat (ZWM26)
    • War Premium Evaporation: Wheat settled lower at 619, as a crop sensitive to Middle East logistics; prices fell on ceasefire reports.
    • Global Supply: Improved moisture levels in the U.S. Plains and Australia are boosting the outlook for the winter harvest.
    • Export Availability: Improving trade outlooks are lowering the “scarcity premium” that had been building earlier this week.

ZS Soybeans (ZSN26)
    • Bio-Diesel Sensitivity: Soybeans settled at 1206, sensitive to energy price shifts impacting the vegetable oil complex.
    • Chinese Demand: Traders are watching for an uptick in mainland Chinese purchases as global maritime logistics begin to normalize.
    • Harvest Pressure: Record South American supplies continue to weigh on the long-term price outlook for beans.

CT Cotton (CTN26)
    • Textile Optimism: Cotton settled at 84.73, as lower transport costs and higher consumer confidence boost the global apparel outlook.
    • Supply Logistics: Normalizing shipping lanes are expected to lower the cost of delivering U.S. cotton to Asian mills.
    • Acreage Shift: Markets are weighing if low grain prices will push more farmers toward cotton planting this spring.

KC Coffee (KCN26)
    • Freight Relief: Coffee settled higher at 274.8, as lower fuel costs and safer shipping lanes lower the cost of international transport.
    • Brazilian Weather: Despite the macro relief, persistent dry concerns in Brazil’s coffee belt are preventing a larger sell-off.
    • Inventory Squeeze: Certified stocks remain critically low, making the market hypersensitive to any supply-side news.

CC Cocoa (CCN26)
    • Structural Deficit: Cocoa settled lower at 4182, but remains driven by the multi-year production crisis in West Africa rather than macro trends.
    • Institutional Profit-Taking: High prices led to some tactical selling today, though the long-term supply catastrophic remains the dominant force.
    • Chocolate Margin Pressure: Record bean prices are forcing manufacturers to adjust retail pricing regardless of energy costs.

OJ Orange Juice (OJN26)
    • Supply Constraints: OJ settled higher at 183.2, driven by historic production lows in Florida and Brazil.
    • Inventory Drain: Global stocks of frozen concentrate remain at levels that keep the market in a perpetual state of “squeezing.”
    • Demand Resilience: Despite record high retail prices, consumer demand for orange juice has remained surprisingly sticky.

LB Lumber (LBN26)
    • Housing Bid: Lumber settled higher at 583, as the “soft landing” narrative and stable yields boost the outlook for the spring building season.
    • Production Cost Relief: Lower diesel and transport costs are improving the profitability of North American logging and milling operations.
    • Inventory Discipline: Major producers have successfully managed supply levels to keep prices stable amid fluctuating demand.
If you have questions contact me.
x

Peter Knight
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Disclosure

260508 positions, 260511 stops, reversals & objectives

Intraday Quotes 
S&P 500 NASDAQ Dow  Gold Silver 
Copper  Platinum Bitcoin Crude  Gasoline
Swiss Euro  Dollar Yen
How to track trades
 Performance Historical Trade Reports
 
.................................................................

JUN26 MINI SP 500       1851 Trading days from 190102 to 260508

Running .DAT file ESN011.DAT

Last trading day was 260508   Closing price was 7419.0000

Current V value is 219.500000 (878 ticks)  K1 value is 0.41
V*K1 for tomorrow is 89.995000 (360 ticks)

BuyStop for tomorrow is 7509.0000  SellStop is 7329.0000

Protective stop price is 6419.0000
Profit objective price is 7596.7500

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7284.7500
Open trade equity is 6712.50

From 190102 total profit is 316650.00
            current drawdown is -15325.00
            maximum drawdown was -31150.00
................................................................
.................................................................

JUN26 MICRO SP 500       1851 Trading days from 190102 to 260508

Running .DAT file ESM004.DAT

Last trading day was 260508   Closing price was 7419.0000

Current V value is 219.500000 (878 ticks)  K1 value is 0.41
V*K1 for tomorrow is 89.995000 (360 ticks)

BuyStop for tomorrow is 7509.0000  SellStop is 7329.0000

Protective stop price is 0.0000
Profit objective price is 7596.7500

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7284.7500
Open trade equity is 671.25

From 190102 total profit is 17130.00
            current drawdown is -1806.25
            maximum drawdown was -4791.25
................................................................
.................................................................

JUN26 MINI NASDAQ 100       1851 Trading days from 190102 to 260508

Running .DAT file NQN002.DAT

Last trading day was 260508   Closing price was 29332.5000

Current V value is 2377.250000 (9509 ticks)  K1 value is 0.43
V*K1 for tomorrow is 1022.217500 (4089 ticks)

BuyStop for tomorrow is 30109.0000  SellStop is 28064.5000

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
................................................................
.................................................................

JUN26 MICRO NASDAQ 100       1851 Trading days from 190102 to 260508

Running .DAT file NQM008.DAT

Last trading day was 260508   Closing price was 29332.5000

Current V value is 2377.250000 (9509 ticks)  K1 value is 0.43
V*K1 for tomorrow is 1022.217500 (4089 ticks)

BuyStop for tomorrow is 30109.0000  SellStop is 28064.5000

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
................................................................
.................................................................

JUN26 DOW FUTURES       1851 Trading days from 190102 to 260508

Running .DAT file YMN016.DAT

Last trading day was 260508   Closing price was 49691.0000

Current V value is 1630.000000 (1630 ticks)  K1 value is 0.26
V*K1 for tomorrow is 423.800000 (424 ticks)

BuyStop for tomorrow is 50160.0000  SellStop is 49312.0000

Protective stop price is 40034.0000
Profit objective price is 54058.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 49798.0000
Open trade equity is -535.00

From 190102 total profit is 249865.00
            current drawdown is -7415.00
            maximum drawdown was -18315.00
................................................................
.................................................................

JUN26 MICRO DOW FUTURES       1851 Trading days from 190102 to 260508

Running .DAT file YMM015.DAT

Last trading day was 260508   Closing price was 49691.0000

Current V value is 1709.000000 (1709 ticks)  K1 value is 0.27
V*K1 for tomorrow is 461.430000 (461 ticks)

BuyStop for tomorrow is 50205.0000  SellStop is 49282.0000

Protective stop price is 46784.0000
Profit objective price is 54620.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 50020.0000
Open trade equity is -164.50

From 190102 total profit is 17895.50
            current drawdown is -948.50
            maximum drawdown was -2361.50
................................................................
.................................................................

JUN26 GOLD 100       1850 Trading days from 190102 to 260508

Running .DAT file GC1005.DAT

Last trading day was 260508   Closing price was 4730.7002

Current V value is 178.500000 (17850 ticks)  K1 value is 0.80
V*K1 for tomorrow is 142.800000 (14280 ticks)

BuyStop for tomorrow is 4858.5000  SellStop is 4572.9000

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
................................................................
.................................................................

JUN26 MINI GOLD 50       1850 Trading days from 190102 to 260508

Running .DAT file GC2014.DAT

Last trading day was 260508   Closing price was 4730.7002

Current V value is 102.999832 (10300 ticks)  K1 value is 0.86
V*K1 for tomorrow is 88.579856 (8858 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
................................................................
.................................................................

JUL26 MICRO GOLD 10       1850 Trading days from 190102 to 260508

Running .DAT file GC3010.DAT

Last trading day was 260508   Closing price was 4730.7002

Current V value is 178.500000 (17850 ticks)  K1 value is 0.63
V*K1 for tomorrow is 112.455000 (11246 ticks)

BuyStop for tomorrow is 4833.1600  SellStop is 4608.2500

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
................................................................
.................................................................

JUL26 5000 COMEX SILVER       1850 Trading days from 190102 to 260508

Running .DAT file SI1005.DAT

Last trading day was 260508   Closing price was 80.8650

Current V value is 3.580002 (3580 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.825801 (1826 ticks)

BuyStop for tomorrow is 82.6910  SellStop is 79.0390

Protective stop price is 62.8650
Profit objective price is 87.9590

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 74.5190
Open trade equity is 31729.99

From 190102 total profit is 832005.01
            current drawdown is -34324.99
            maximum drawdown was -43100.00
................................................................
.................................................................

JUL26 2500 COMEX SILVER       1850 Trading days from 190102 to 260508

Running .DAT file SI2005.DAT

Last trading day was 260508   Closing price was 80.8650

Current V value is 3.580002 (3580 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.825801 (1826 ticks)

BuyStop for tomorrow is 82.6910  SellStop is 79.0390

Protective stop price is 60.8650
Profit objective price is 87.9590

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 74.5190
Open trade equity is 15864.99

From 190102 total profit is 394977.50
            current drawdown is -17412.49
            maximum drawdown was -21625.00
................................................................
.................................................................

MAY26 1000 COMEX SILVER       1850 Trading days from 190102 to 260508

Running .DAT file SI3005.DAT

Last trading day was 260508   Closing price was 80.8650

Current V value is 3.580002 (3580 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.825801 (1826 ticks)

BuyStop for tomorrow is 82.6910  SellStop is 79.0390

Protective stop price is 30.8650
Profit objective price is 87.7190

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 74.5190
Open trade equity is 6346.00

From 190102 total profit is 131561.00
            current drawdown is -7265.00
            maximum drawdown was -8740.00
................................................................
.................................................................

JUL26 COPPER 25000       1850 Trading days from 190102 to 260508

Running .DAT file HG1005.DAT

Last trading day was 260508   Closing price was 6.2965

Current V value is 0.476500 (9530 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.142950 (2859 ticks)

BuyStop for tomorrow is 6.4394  SellStop is 6.1536

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 142802.50
            current drawdown is -3722.50
            maximum drawdown was -14852.50
................................................................
.................................................................

JUL26 MINI COPPER 12500       1850 Trading days from 190102 to 260508

Running .DAT file HG2001.DAT

Last trading day was 260508   Closing price was 6.2965

Current V value is 0.476500 (9530 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.142950 (2859 ticks)

BuyStop for tomorrow is 6.4394  SellStop is 6.1536

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 61614.37
            current drawdown is -3448.75
            maximum drawdown was -7941.25
................................................................
.................................................................

OCT26 PLATINUM 50       1850 Trading days from 190102 to 260508

Running .DAT file PLA008.DAT

Last trading day was 260508   Closing price was 2079.1001

Current V value is 76.800049 (7680 ticks)  K1 value is 0.46
V*K1 for tomorrow is 35.328022 (3533 ticks)

BuyStop for tomorrow is 2107.7600  SellStop is 2037.1100

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
................................................................
.................................................................

JUN26 1000 CRUDE OIL       1850 Trading days from 190102 to 260508

Running .DAT file CL1012.DAT

Last trading day was 260508   Closing price was 95.4200

Current V value is 14.039993 (1404 ticks)  K1 value is 0.50
V*K1 for tomorrow is 7.019997 (702 ticks)

BuyStop for tomorrow is 102.4400  SellStop is 88.4000

Protective stop price is 144.8100
Profit objective price is 81.2800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 96.3800
Open trade equity is 960.00

From 190102 total profit is 225470.01
            current drawdown is -9490.00
            maximum drawdown was -16990.00
................................................................
.................................................................

JUN26 500 CRUDE OIL       1850 Trading days from 190102 to 260508

Running .DAT file CL2010.DAT

Last trading day was 260508   Closing price was 95.4200

Current V value is 14.039993 (1404 ticks)  K1 value is 0.50
V*K1 for tomorrow is 7.019997 (702 ticks)

BuyStop for tomorrow is 102.4400  SellStop is 88.4000

Protective stop price is 194.8100
Profit objective price is 81.2800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 96.3800
Open trade equity is 480.00

From 190102 total profit is 106810.01
            current drawdown is -4770.00
            maximum drawdown was -8700.00
................................................................
.................................................................

OCT26 42000 GASLOINE       1850 Trading days from 190102 to 260508

Running .DAT file RBN005.DAT

Last trading day was 260508   Closing price was 2.7794

Current V value is 0.246400 (2464 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.123200 (1232 ticks)

BuyStop for tomorrow is 2.9026  SellStop is 2.6562

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
................................................................
.................................................................

MAY26 MICRO BITCOIN       1851 Trading days from 190102 to 260508

Running .DAT file BTC022.DAT

Last trading day was 260508   Closing price was 80385.0000

Current V value is 3160.000000 (3160 ticks)  K1 value is 0.56
V*K1 for tomorrow is 1769.600000 (1770 ticks)

BuyStop for tomorrow is 81990.0000  SellStop is 78450.0000

Protective stop price is 91895.0000
Profit objective price is 50145.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 80145.0000
Open trade equity is -24.00

From 190102 total profit is 24541.20
            current drawdown is -1748.20
            maximum drawdown was -3038.00
................................................................
.................................................................

JUN26 1250000 YEN       1851 Trading days from 190102 to 260508

Running .DAT file J6N012.DAT

Last trading day was 260508   Closing price was 0.6401

Current V value is 0.020900 (209 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.014421 (144 ticks)

BuyStop for tomorrow is 0.6545  SellStop is 0.6257

Protective stop price is 0.6182
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is 900.00

From 190102 total profit is 64768.74
            current drawdown is -2431.25
            maximum drawdown was -9943.74
................................................................
.................................................................

JUN26 100000 DOLLAR INDEX       1886 Trading days from 190102 to 260508

Running .DAT file DXX016.DAT

Last trading day was 260508   Closing price was 97.7840

Current V value is 0.839996 (8400 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.352798 (3528 ticks)

BuyStop for tomorrow is 98.1368  SellStop is 97.4312

Protective stop price is 99.3090
Profit objective price is 94.5944

V is less than high filter value of 8750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 98.4944
Open trade equity is 710.40

From 190102 total profit is 29732.59
            current drawdown is -1322.01
            maximum drawdown was -5535.50
................................................................
.................................................................

JUN26 125000 EURO FX       1851 Trading days from 190102 to 260508

Running .DAT file E6N015.DAT

Last trading day was 260508   Closing price was 1.1798

Current V value is 0.012400 (124 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.005208 (52 ticks)

BuyStop for tomorrow is 1.1851  SellStop is 1.1746

Protective stop price is 1.1556
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 2531.25

From 190102 total profit is 73206.25
            current drawdown is -2018.74
            maximum drawdown was -7062.50
................................................................
.................................................................

JUN26 62500 EUR0 FX MINI       1851 Trading days from 190102 to 260508

Running .DAT file E7M008.DAT

Last trading day was 260508   Closing price was 1.1798

Current V value is 0.012400 (124 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.005208 (52 ticks)

BuyStop for tomorrow is 1.1851  SellStop is 1.1746

Protective stop price is 1.1554
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 1265.62

From 190102 total profit is 33928.12
            current drawdown is -1034.37
            maximum drawdown was -3881.25
................................................................
.................................................................

JUN26 125000 SWISS FRANC       1851 Trading days from 190102 to 260508

Running .DAT file S6N003.DAT

Last trading day was 260508   Closing price was 1.2927

Current V value is 0.007883 (79 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.009854 (99 ticks)

BuyStop and SellStop computation requires tomorrow's Open

Protective stop price is 0.8927
Profit objective price is 1.3250

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.2714
Open trade equity is 2662.51

From 190102 total profit is 92812.51
            current drawdown is 0.00
            maximum drawdown was -9587.51
................................................................

If you have questions contact me. 

Peter Knight
Direct +1-340-244-4310
Voice & Video Chats.
Message me

 

 

Disclosure

What Moved the Market 260507

EMA Chart, Quote & Opinion Page for all markets below
Message me for our current report “Defining Risk with Premium Neutral Option Collars” 
x
Thursday’s session was defined by a “pause and pivot” as the euphoria of Wednesday’s peace-driven rally met the reality of cooling labor data. Markets largely moved into a sideways consolidation pattern as investors digested the Jobless Claims data, which signaled a slight softening in the labor market. While the record-setting run in equities took a breather, the underlying narrative remained focused on the sustainability of the “soft landing” and the continued de-escalation of energy-driven inflation.
x
THE LABOR MARKET BREATHER
The day’s primary economic focus was the Initial Jobless Claims report, which showed a slight uptick to 212,000. While still historically low, the increase from the previous week provided the first sign of a “cooling” labor market following Wednesday’s blockbuster ADP numbers. The market interpreted this as a stabilizing signal—strong enough to support growth, but soft enough to keep the Federal Reserve’s “higher-for-longer” stance from intensifying.
x
THE CRUDE OIL CONSOLIDATION
After Wednesday’s 7% plunge, Crude Oil found a tentative floor near the $95 level. The “Peace Slide” moderated as traders moved from “panic selling” into a “wait-and-see” mode regarding the permanent reopening of the Strait of Hormuz. This stabilization in energy costs allowed the transport and industrial sectors to retain their recent gains, even as the broader equity indices traded in a tight, cautious range.
x
YIELD CURVE CALIBRATION
Treasury yields remained the silent anchor of the day. The 10-year yield held steady near 4.35%, reflecting a market that is increasingly comfortable with a mid-4% benchmark in a post-conflict, stable-growth environment. This stability prevented any aggressive sell-offs in tech and growth sectors, allowing the Nasdaq and S&P 500 to hover just below their newly minted all-time highs.
x
INDICES
x
ES S&P 500
    • Consolidation Phase: The index traded in a narrow range, closing slightly lower as investors took profits following Wednesday’s record run.
    • Sector Rotation: Defensive sectors like Utilities and Staples saw modest inflows as the “high-beta” tech rally cooled.
    • Technical Support: Traders are watching the 7,300 level as the new immediate floor for the index.

NQ NASDAQ 100
    • High-Altitude Hover: The Nasdaq remained near its 25,800 record, showing resilience despite a lack of new “AI-driven” catalysts today.
    • Tech Maturity: Large-cap tech leaders showed signs of fatigue, with trading volumes dipping as the market awaited the next round of earnings.
    • Duration Stability: Steady yields protected high-valuation growth names from any significant valuation compression.

YM Dow Jones
    • Industrial Retention: The Dow held onto the majority of Wednesday’s 600-point gain, closing near 49,900.
    • Transport Support: Airlines and trucking firms remained beneficiaries of the $95 floor in oil, which has significantly lowered projected Q3 fuel costs.
    • Blue-Chip Stability: Institutional money stayed put in Dow components, viewing the “peace framework” as a long-term structural positive.

QR Russell 2000
    • Small-Cap Digestion: Following its record close, the Russell 2000 saw a mild pullback as investors weighed the uptick in Jobless Claims.
    • Rate Sensitivity: Small-caps remain the most sensitive to any “higher-for-longer” rhetoric, leading to a cautious tone today.
    • Domestic Focus: Despite the slight dip, the index continues to outperform as a play on U.S. economic resilience.

FX Euro Stoxx 50
    • Regional Stability: European blue-chips mirrored the U.S. consolidation as the immediate energy crisis fears continued to fade.
    • Manufacturing Sentiment: German and French manufacturers are beginning to price in lower energy costs for the summer production cycle.
    • ECB Watch: Traders are increasingly looking to the ECB for signals of a potential “growth-supportive” policy shift now that energy risks have eased.

SZ Swiss Index
    • Quality Consistency: The Swiss market continues to act as a core defensive pillar, largely ignoring the daily “risk-on/risk-off” noise.
    • Franc Normalization: A stable Swiss Franc is allowing global exporters to maintain price parity without sacrificing margins.
    • Diversified Hedge: Institutional portfolios are keeping Swiss holdings at full weight as a guard against any renewed geopolitical volatility.

MX CAC 40
    • Luxury Sector Equilibrium: French luxury giants traded sideways as global growth expectations reached a state of balanced consensus.
    • Industrial Margin Protection: Lower fuel costs are bolstering the outlook for French heavy industry, even as broader demand remains steady.
    • Financial Consolidation: Banking stocks in the CAC 40 held their gains, supported by a normalizing and stable yield curve.

AE AEX
    • Tech Moat: The AEX remains anchored by its lithography leaders, which continue to see strong long-term demand regardless of short-term macro shifts.
    • Port of Rotterdam Outlook: Signs of a physical supply chain reopening are boosting the medium-term outlook for Dutch logistics and storage.
    • Consumer Staple Inflow: Dutch-based global staples saw modest buying as part of a broader defensive rotation today.

NY Nikkei
    • Import Cost Relief: Japanese equities continue to benefit from the retreat in oil, which has provided a massive “tax cut” to the Japanese economy.
    • Yen Stabilization: The Yen’s pause near recent lows is preventing any further “import-cost” shocks to the domestic Japanese market.
    • Corporate Governance: Investors remain focused on ongoing Japanese corporate reforms as a secondary driver for Nikkei outperformance.

HS Hang Seng
    • Mainland Momentum: The index is building a base as energy relief and geopolitical de-escalation improve the outlook for Chinese manufacturers.
    • Tech Regulatory Calm: A lack of new regulatory headlines out of Beijing is allowing Hong Kong-listed tech firms to catch a relief bid.
    • Valuation Attraction: The “discount” in the Hang Seng is beginning to attract institutional bargain hunters after months of underperformance.
METALS
x
GC Gold 100
    • Consolidation Near Highs: After Wednesday’s $130 surge, gold held steady near $4,700, digesting its massive gains.
    • Currency Neutrality: A stable U.S. Dollar prevented any further “currency-driven” spikes in the bullion market today.
    • Institutional Hold: Large funds are maintaining gold positions as “insurance” against the risk of the peace deal hitting a snag.

SI Silver 5000
    • Industrial Tether: Silver tracked the cautious tone of the Russell 2000, as traders looked for more definitive industrial growth data.
    • Relative Value Play: The silver/gold ratio remains in focus as silver attempts to catch up to gold’s record-breaking momentum.
    • Supply Dynamics: Traders are eyeing the potential for increased electronic-sector demand as tech record highs continue to hold.

HG Copper 25K
    • Manufacturing Equilibrium: Copper traded in a tight range as the market weighed global growth optimism against the slight cooling in U.S. labor data.
    • Supply Buffer: Warehouse stocks remain at historically low levels, providing a firm floor for copper prices even during macro lulls.
    • China Demand Watch: All eyes are on the next round of Chinese infrastructure data to see if the “electrification bid” can sustain its momentum.

PL Platinum 50
    • Automotive Outlook: Stability in energy prices is a net positive for the global auto supply chain, supporting the industrial floor for platinum.
    • Market Substitution: Platinum remains a beneficiary of palladium’s high cost, keeping industrial demand steady.
    • Production Discipline: Mining operations in South Africa are maintaining a cautious output pace, preventing any supply-side price shocks.
ENERGY
x
CL Crude Oil
    • The $95 Floor: WTI found stability after the recent sell-off, as traders assessed the “permanent” nature of the Hormuz de-escalation.
    • Supply Uncertainty: While a ceasefire is reported, physical shipments take time to normalize, preventing a further collapse in the immediate price.
    • Inventory Calibration: Markets are awaiting the next EIA report to see if domestic production can offset any changes in the geopolitical risk premium.

NG Natural Gas
    • Seasonal Range: Gas prices remained anchored by seasonal weather forecasts, largely ignoring the volatility in the crude oil complex.
    • Export Logistics: Improving maritime security is a long-term positive for LNG export terminals, though immediate impact remains neutral.
    • Industrial Usage: Steady demand from power generators is providing a reliable fundamental base for the natural gas market.

RB Gasoline
    • Price Lag: Futures are slowly adjusting to the crude oil crash, though retail pump prices are expected to remain sticky in the near term.
    • Driving Season Anticipation: Traders are positioning for the summer driving season, expecting lower prices to eventually spur higher demand volumes.
    • Logistics Efficiency: The normalization of shipping routes is expected to significantly lower the cost of delivering refined products to the East Coast.

HO Heating Oil
    • Distillate Parity: Heating oil followed the broader energy complex into a consolidation phase, with the “war premium” largely extracted.
    • Maritime Demand Shift: As shipping lanes secure, the desperate scramble for marine diesel is easing, lowering pressure on the distillate pool.
    • Inventory Resilience: Despite the price drop, low global stocks remain a structural concern that keeps the “tail risk” to the upside.
CURRENCIES
x
DX 100,000 USD
    • Greenback Stabilization: The Dollar Index held near 98.00, finding a base after Wednesday’s sharp sell-off as labor data proved “stable” rather than “collapsing.”
    • Yield Anchor: The 10-year yield holding at 4.35% is preventing the Dollar from sliding further against growth-oriented peers.
    • Risk Parity: The Dollar remains the world’s primary reserve currency, attracting flows whenever the equity record run hits a speed bump.

A6 100,000 AUD
    • Growth Proxy Sensitivity: The Aussie Dollar saw a slight pullback as the “risk-on” momentum in equities paused today.
    • Commodity Price Anchor: Stability in iron ore and coal prices is preventing a deeper correction in the AUD despite the equity breather.
    • RBA Outlook: Markets continue to price in a “higher-for-longer” stance from Australia, keeping the AUD yield-attractive.

D6 100,000 CAD
    • Crude Floor Support: The Canadian Dollar stabilized alongside WTI crude near $95, reclaiming some of its energy-linked identity.
    • Trade Connection: The CAD remains sensitive to U.S. economic data, with the Jobless Claims uptick acting as a minor headwind today.
    • BoC Neutrality: Traders expect the Bank of Canada to remain on the sidelines until the full impact of the energy price drop is felt in CPI.

S6 125,000 CHF
    • Neutral Flow: The Swiss Franc continues to see a steady “neutralization” as the geopolitical panic of earlier in the week evaporates.
    • Safe-Haven Diversification: Institutional investors are maintaining CHF as a core defensive hedge against any potential global “second-wave” shocks.
    • Trade Balance Floor: Strong Swiss export data continues to provide a structural fundamental bid for the Franc.

E6 125,000 EUR
    • Manufacturing Optimism: The Euro held its recent gains as the “energy tax” relief continues to filter through regional manufacturing sentiment.
    • Policy Convergence: As energy-driven inflation cools, traders are watching for a convergence in ECB and Fed policy trajectories.
    • Regional Rebound: Signs of a recovery in Eurozone export volumes are providing a foundational bid for the currency.

B6 62,500 GBP
    • Sterling Resilience: The British Pound remains supported by persistent service-sector inflation, which is keeping BoE rate cut hopes at bay.
    • Consumer Sentiment Bid: Lower projected household energy bills are expected to provide a significant boost to the UK retail economy.
    • Yield Attraction: The Pound remains a favorite for yield-seekers who are betting on the UK’s “sticky” inflation requiring higher rates.

J6 12.5 M JPY
    • Import-Cost Relief: The Yen’s stabilization is being driven primarily by the $95 floor in oil, which has halted the trade deficit expansion.
    • BoJ Patience: With the currency recovering “naturally” alongside oil, the pressure on the BoJ to intervene has significantly decreased.
    • Yield Gap Reality: The massive interest rate gap between Tokyo and New York remains the ultimate “glass ceiling” for any Yen rally.
CRYPTO
x
BT 0.10 Bitcoin
    • Institutional Consolidation: Bitcoin held firm near $81,000, with long-term holders using the equity “pause” to add to positions.
    • Neutral Sanctuary: BTC continues to act as a neutral alternative to both the Dollar and traditional commodities in a post-conflict environment.
    • Network Security Bid: Continued growth in the hashrate is providing a fundamental security floor that traditional assets lack.

TAM 0.10 Ether
    • Ecosystem Maturity: Ether remains the primary vehicle for decentralized utility, tracking the Nasdaq’s resilience today.
    • Staking Demand: Institutional interest in ETH staking remains robust as a “fixed-income” alternative in a cooling yield environment.
    • Deflationary Mechanism: High network usage despite the market “pause” continues to remove ETH from the circulating supply.
INTEREST RATES
x
SQ 3-Month
    • Fed Repricing: Short-term futures are holding steady as the market awaits the next set of inflation data to confirm the “oil relief.”
    • Liquidity Equilibrium: The frantic demand for “crisis cash” has ended, leading to a more normalized trading volume in SOFR futures.
    • Policy Neutrality: Markets are pricing in a Fed that is “content” with current levels for the duration of the current de-escalation.

ZT 2-Year T-Note
    • Yield Calibration: 2-year yields hovered as traders balanced the Jobless Claims uptick against the energy-driven inflation relief.
    • Repricing Pause: The aggressive movement in the front end seen on Wednesday has transitioned into a “wait-and-see” consolidation.
    • Credit Market Confidence: Stabilizing short-term rates are a net positive for corporate borrowing and refinancing sentiment.

ZF 5-Year T-Note
    • Intermediate Stability: The 5-year note is acting as the primary anchor for institutional portfolios in a post-Hormuz environment.
    • Manufacturing Benchmark: Steady mid-term rates are allowing industrial firms to finalize long-term capital expenditure plans.
    • Duration Acceptance: Investors are becoming increasingly comfortable with 5-year yields at current levels given the growth outlook.

ZN 10-Year
    • The 4.35% Anchor: The 10-year Treasury has become the global barometer for the “soft landing” and “geopolitical peace” narrative.
    • Safe-Haven Exit: The move out of bonds seen earlier in the week has stabilized as the market reaches a state of price equilibrium.
    • Growth Barometer: The 10-year yield is now tracking domestic U.S. growth data much more closely than global conflict headlines.

ZB 30-Year
    • Long-Term Inflation Guard: The 30-year bond is pricing in a return to “normal” inflation as the energy-driven spike scenario evaporates.
    • Pension Fund Demand: Steady buying from long-term liability managers is providing a consistent bid for the long bond.
    • Fiscal Resilience: Investors are looking past short-term deficit concerns to focus on the stability provided by the current de-escalation.
AGRICULTURAL
x
ZC Corn
    • Energy Tether: Corn remained capped by the $95 floor in oil, which has lowered the immediate value of the ethanol complex.
    • Planting Speed: Favorable weather in the Corn Belt is allowing farmers to maintain a rapid planting pace, signaling a strong supply outlook.
    • Global Competition: Record South American production continues to be the primary fundamental headwind for U.S. corn exports.

ZW Wheat
    • Logistics Optimism: The potential reopening of Black Sea and Middle East shipping lanes is keeping a lid on wheat prices.
    • Supply Availability: Improved moisture levels in the U.S. Plains are boosting the outlook for the winter wheat harvest.
    • Sovereign Buying: Major importers are moving from “panic buying” to “strategic accumulation” as the energy crisis cools.

ZS Soybeans
    • Bio-Diesel Pressure: Lower oil prices are putting direct downward pressure on the soybean oil complex, a key driver for bean prices.
    • Chinese Import Watch: Traders are looking for signs of renewed Chinese buying as global maritime logistics begin to normalize.
    • Seasonal Supply: The tail-end of the South American harvest is reaching world markets, providing a massive buffer against any shortages.

CT Cotton
    • Industrial Demand Optimism: Record equity highs and lower fuel costs are improving the margin outlook for global textile firms.
    • Supply Logistics: The prospect of safer shipping lanes is lowering the “insurance tax” on delivering U.S. cotton to Asian mills.
    • Acreage Competition: Low grain prices are making cotton an attractive planting alternative for Southern U.S. farmers this spring.

KC Coffee
    • Freight Relief: The retreat in energy costs and maritime risk is lowering the projected cost of delivering Arabica to consumer markets.
    • Brazilian Weather Support: Persistent dry spells in Brazil remain the primary reason coffee prices are holding up better than other “softs.”
    • Inventory Squeeze: Certified stocks remain critically low, making the market hypersensitive to any supply disruptions.

CC Cocoa
    • Fundamental Deficit: Cocoa continues to ignore the macro environment, driven entirely by the multi-year production crisis in West Africa.
    • Institutional Bull Case: Funds remain aggressively long, viewing the supply-side catastrophe as a fundamental “sure thing.”
    • Consumer Pricing Impact: Chocolate companies are being forced to announce further price hikes to account for record-high bean costs.

OJ Orange Juice
    • Supply Scarcity: Like cocoa, OJ is a pure supply-side play, with Florida and Brazil production at multi-decade lows.
    • Inventory Drain: Global stocks of frozen concentrate are at levels that keep the market in a perpetual state of “squeezing.”
    • Price Stickiness: Despite record wholesale prices, orange juice remains a “must-have” for many consumers, preventing a demand collapse.

LB Lumber
    • Housing Recovery Bid: Lumber remains supported by the “soft landing” narrative and the recent stability in benchmark yields.
    • Cost Efficiency: Lower transport and diesel costs are improving the profitability of North American logging and milling operations.
    • Spring Season Peak: Mills are positioning for a robust spring homebuilding season as the “war-driven” macro panic subsides.
If you have questions contact me.
x

Peter Knight
Voice & Video Chats.
Message me

 

 

Disclosure

260507 positions, 260508 stops, reversals & objectives

Intraday Quotes 
S&P 500 NASDAQ Dow  Gold Silver 
Copper  Platinum Bitcoin Crude  Gasoline
Swiss Euro  Dollar Yen
How to track trades
 Performance Historical Trade Reports
 
................................................................

JUN26 MINI SP 500       1850 Trading days from 190102 to 260507

Running .DAT file ESN011.DAT

Last trading day was 260507   Closing price was 7363.0000

Current V value is 255.750000 (1023 ticks)  K1 value is 0.41
V*K1 for tomorrow is 104.857500 (419 ticks)

BuyStop for tomorrow is 7467.7500  SellStop is 7258.2500

Protective stop price is 6389.5000
Profit objective price is 7596.7500

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7284.7500
Open trade equity is 3912.50

From 190102 total profit is 313850.00
            current drawdown is -15325.00
            maximum drawdown was -31150.00
................................................................
.................................................................

JUN26 MICRO SP 500       1850 Trading days from 190102 to 260507

Running .DAT file ESM004.DAT

Last trading day was 260507   Closing price was 7363.0000

Current V value is 255.750000 (1023 ticks)  K1 value is 0.41
V*K1 for tomorrow is 104.857500 (419 ticks)

BuyStop for tomorrow is 7467.7500  SellStop is 7258.2500

Protective stop price is 0.0000
Profit objective price is 7596.7500

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7284.7500
Open trade equity is 391.25

From 190102 total profit is 16850.00
            current drawdown is -1806.25
            maximum drawdown was -4791.25
................................................................
.................................................................

JUN26 MINI NASDAQ 100       1850 Trading days from 190102 to 260507

Running .DAT file NQN002.DAT

Last trading day was 260507   Closing price was 28682.2500

Current V value is 1935.250000 (7741 ticks)  K1 value is 0.43
V*K1 for tomorrow is 832.157500 (3329 ticks)

BuyStop for tomorrow is 29558.5000  SellStop is 27894.2500

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
................................................................
.................................................................

JUN26 MICRO NASDAQ 100       1850 Trading days from 190102 to 260507

Running .DAT file NQM008.DAT

Last trading day was 260507   Closing price was 28682.2500

Current V value is 1935.250000 (7741 ticks)  K1 value is 0.43
V*K1 for tomorrow is 832.157500 (3329 ticks)

BuyStop for tomorrow is 29558.5000  SellStop is 27894.2500

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
................................................................
.................................................................

JUN26 DOW FUTURES       1850 Trading days from 190102 to 260507

Running .DAT file YMN016.DAT

Last trading day was 260507   Closing price was 49700.0000

Current V value is 1709.000000 (1709 ticks)  K1 value is 0.26
V*K1 for tomorrow is 444.340000 (444 ticks)

BuyStop for tomorrow is 50264.0000  SellStop is 49375.0000

Protective stop price is 40034.0000
Profit objective price is 54058.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 49798.0000
Open trade equity is -490.00

From 190102 total profit is 249910.00
            current drawdown is -7415.00
            maximum drawdown was -18315.00
................................................................
.................................................................

JUN26 MICRO DOW FUTURES       1850 Trading days from 190102 to 260507

Running .DAT file YMM015.DAT

Last trading day was 260507   Closing price was 49700.0000

Current V value is 1756.000000 (1756 ticks)  K1 value is 0.27
V*K1 for tomorrow is 474.120000 (474 ticks)

BuyStop for tomorrow is 50314.0000  SellStop is 49366.0000

Protective stop price is 46784.0000
Profit objective price is 54620.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 50020.0000
Open trade equity is -160.00

From 190102 total profit is 17900.00
            current drawdown is -948.50
            maximum drawdown was -2361.50
................................................................
.................................................................

JUN26 GOLD 100       1849 Trading days from 190102 to 260507

Running .DAT file GC1005.DAT

Last trading day was 260507   Closing price was 4710.8999

Current V value is 178.500000 (17850 ticks)  K1 value is 0.80
V*K1 for tomorrow is 142.800000 (14280 ticks)

BuyStop for tomorrow is 4877.0500  SellStop is 4591.4500

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
................................................................
.................................................................

JUN26 MINI GOLD 50       1849 Trading days from 190102 to 260507

Running .DAT file GC2014.DAT

Last trading day was 260507   Closing price was 4710.8999

Current V value is 109.122917 (10912 ticks)  K1 value is 0.86
V*K1 for tomorrow is 93.845709 (9385 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
................................................................
.................................................................

JUL26 MICRO GOLD 10       1849 Trading days from 190102 to 260507

Running .DAT file GC3010.DAT

Last trading day was 260507   Closing price was 4710.8999

Current V value is 178.500000 (17850 ticks)  K1 value is 0.63
V*K1 for tomorrow is 112.455000 (11246 ticks)

BuyStop for tomorrow is 4838.9200  SellStop is 4614.0100

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
................................................................
.................................................................

JUL26 5000 COMEX SILVER       1849 Trading days from 190102 to 260507

Running .DAT file SI1005.DAT

Last trading day was 260507   Closing price was 80.1800

Current V value is 5.220001 (5220 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.662201 (2662 ticks)

BuyStop for tomorrow is 82.8420  SellStop is 77.5180

Protective stop price is 62.1800
Profit objective price is 87.9590

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 74.5190
Open trade equity is 28305.00

From 190102 total profit is 828580.02
            current drawdown is -34324.99
            maximum drawdown was -43100.00
................................................................
.................................................................

JUL26 2500 COMEX SILVER       1849 Trading days from 190102 to 260507

Running .DAT file SI2005.DAT

Last trading day was 260507   Closing price was 80.1800

Current V value is 5.220001 (5220 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.662201 (2662 ticks)

BuyStop for tomorrow is 82.8420  SellStop is 77.5180

Protective stop price is 60.1800
Profit objective price is 87.9590

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 74.5190
Open trade equity is 14152.50

From 190102 total profit is 393265.01
            current drawdown is -17412.49
            maximum drawdown was -21625.00
................................................................
.................................................................

MAY26 1000 COMEX SILVER       1849 Trading days from 190102 to 260507

Running .DAT file SI3005.DAT

Last trading day was 260507   Closing price was 80.1800

Current V value is 5.220001 (5220 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.662201 (2662 ticks)

BuyStop for tomorrow is 82.8420  SellStop is 77.5180

Protective stop price is 30.1800
Profit objective price is 87.7190

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 74.5190
Open trade equity is 5661.00

From 190102 total profit is 130876.00
            current drawdown is -7265.00
            maximum drawdown was -8740.00
................................................................
.................................................................

JUL26 COPPER 25000       1849 Trading days from 190102 to 260507

Running .DAT file HG1005.DAT

Last trading day was 260507   Closing price was 6.1760

Current V value is 0.398000 (7960 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.119400 (2388 ticks)

BuyStop for tomorrow is 6.2954  SellStop is 6.0566

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 142802.50
            current drawdown is -3722.50
            maximum drawdown was -14852.50
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.................................................................

JUL26 MINI COPPER 12500       1849 Trading days from 190102 to 260507

Running .DAT file HG2001.DAT

Last trading day was 260507   Closing price was 6.1760

Current V value is 0.398000 (7960 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.119400 (2388 ticks)

BuyStop for tomorrow is 6.2954  SellStop is 6.0566

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 61614.37
            current drawdown is -3448.75
            maximum drawdown was -7941.25
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OCT26 PLATINUM 50       1849 Trading days from 190102 to 260507

Running .DAT file PLA008.DAT

Last trading day was 260507   Closing price was 2081.6001

Current V value is 115.400146 (11540 ticks)  K1 value is 0.46
V*K1 for tomorrow is 53.084067 (5308 ticks)

BuyStop for tomorrow is 2143.3800  SellStop is 2037.2200

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
................................................................
.................................................................

JUN26 1000 CRUDE OIL       1849 Trading days from 190102 to 260507

Running .DAT file CL1012.DAT

Last trading day was 260507   Closing price was 94.8100

Current V value is 14.039993 (1404 ticks)  K1 value is 0.50
V*K1 for tomorrow is 7.019997 (702 ticks)

BuyStop for tomorrow is 101.8300  SellStop is 87.7900

Protective stop price is 144.8100
Profit objective price is 81.2800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 96.3800
Open trade equity is 1570.00

From 190102 total profit is 226080.01
            current drawdown is -9490.00
            maximum drawdown was -16990.00
................................................................
.................................................................

JUN26 500 CRUDE OIL       1849 Trading days from 190102 to 260507

Running .DAT file CL2010.DAT

Last trading day was 260507   Closing price was 94.8100

Current V value is 14.039993 (1404 ticks)  K1 value is 0.50
V*K1 for tomorrow is 7.019997 (702 ticks)

BuyStop for tomorrow is 101.8300  SellStop is 87.7900

Protective stop price is 194.8100
Profit objective price is 81.2800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 96.3800
Open trade equity is 785.00

From 190102 total profit is 107115.01
            current drawdown is -4770.00
            maximum drawdown was -8700.00
................................................................
.................................................................

OCT26 42000 GASLOINE       1849 Trading days from 190102 to 260507

Running .DAT file RBN005.DAT

Last trading day was 260507   Closing price was 2.7373

Current V value is 0.246400 (2464 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.123200 (1232 ticks)

BuyStop for tomorrow is 2.8605  SellStop is 2.6141

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
................................................................
.................................................................

MAY26 MICRO BITCOIN       1850 Trading days from 190102 to 260507

Running .DAT file BTC022.DAT

Last trading day was 260507   Closing price was 80345.0000

Current V value is 3160.000000 (3160 ticks)  K1 value is 0.56
V*K1 for tomorrow is 1769.600000 (1770 ticks)

BuyStop for tomorrow is 82357.0000  SellStop is 78818.0000

Protective stop price is 91895.0000
Profit objective price is 50145.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 80145.0000
Open trade equity is -20.00

From 190102 total profit is 24545.20
            current drawdown is -1748.20
            maximum drawdown was -3038.00
................................................................
.................................................................

JUN26 1250000 YEN       1850 Trading days from 190102 to 260507

Running .DAT file J6N012.DAT

Last trading day was 260507   Closing price was 0.6400

Current V value is 0.020900 (209 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.014421 (144 ticks)

BuyStop for tomorrow is 0.6544  SellStop is 0.6256

Protective stop price is 0.6182
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is 887.50

From 190102 total profit is 64756.24
            current drawdown is -2431.25
            maximum drawdown was -9943.74
................................................................
.................................................................

JUN26 100000 DOLLAR INDEX       1885 Trading days from 190102 to 260507

Running .DAT file DXX016.DAT

Last trading day was 260507   Closing price was 97.9440

Current V value is 0.839996 (8400 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.352798 (3528 ticks)

BuyStop for tomorrow is 98.2968  SellStop is 97.5912

Protective stop price is 99.4000
Profit objective price is 94.5944

V is less than high filter value of 8750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 98.4944
Open trade equity is 550.40

From 190102 total profit is 29572.59
            current drawdown is -1322.01
            maximum drawdown was -5535.50
................................................................
.................................................................

JUN26 125000 EURO FX       1850 Trading days from 190102 to 260507

Running .DAT file E6N015.DAT

Last trading day was 260507   Closing price was 1.1770

Current V value is 0.012400 (124 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.005208 (52 ticks)

BuyStop for tomorrow is 1.1823  SellStop is 1.1718

Protective stop price is 1.1556
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 2181.25

From 190102 total profit is 72856.25
            current drawdown is -2018.74
            maximum drawdown was -7062.50
................................................................
.................................................................

JUN26 62500 EUR0 FX MINI       1850 Trading days from 190102 to 260507

Running .DAT file E7M008.DAT

Last trading day was 260507   Closing price was 1.1770

Current V value is 0.012400 (124 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.005208 (52 ticks)

BuyStop for tomorrow is 1.1823  SellStop is 1.1718

Protective stop price is 1.1554
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 1090.62

From 190102 total profit is 33753.13
            current drawdown is -1034.37
            maximum drawdown was -3881.25
................................................................
.................................................................

JUN26 125000 SWISS FRANC       1850 Trading days from 190102 to 260507

Running .DAT file S6N003.DAT

Last trading day was 260507   Closing price was 1.2888

Current V value is 0.009742 (97 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.012177 (122 ticks)

BuyStop and SellStop computation requires tomorrow's Open

Protective stop price is 0.8918
Profit objective price is 1.3250

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.2714
Open trade equity is 2181.24

From 190102 total profit is 92331.25
            current drawdown is 0.00
            maximum drawdown was -9587.51
................................................................

If you have questions contact me. 

Peter Knight
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