01/20/2015 – Abercrombie & Fitch
Issued: 01/19/2015
Abercrombie & Fitch, ANF:
1. In recent Williams edge stock meetings it was noted that a Dec. 2014 monthly close (and continued daily closes) above $27 in Abercrombie & Fitch would be the earliest indication for a tradable multi-month advance and test/attempt at $34 (or higher).
2. The month of Dec. 2014 closed at $28.64, which is the earliest indication for the above-noted advance.
3. However, both Thursday’s (January 15) and Friday’s (January 16) daily closes were at approximately $26.90 which is slightly below the critical $27.00 level.
4. At this point, a protective sell stop should be placed at $26.33. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 01/20/2015
Abercrombie and Fitch, ANF:
1. In recent Williams edge stock meetings it was noted that a Dec. 2014 monthly close (and continued daily closes) above $27 in Abercrombie & Fitch would be the earliest indication for a tradable multi-month advance and test/attempt at $34 (or higher).
2. However, both Thursday’s (January 15) and Friday’s (January 16) daily closes were at approximately $26.90 which is slightly below the critical $27.00 level. This prompted our protective sell stop at $26.33.
4. Our $26.33 protective sell stop was hit today, resulting in a relatively small loss on the position.
5. Today’s further decline is early indication for a test/attempt at $23.70 or lower. Will update.
David Williams
Issued: 01/12/2015
Abercrombie & Fitch, ANF:
1. In recent Williams edge stock meetings it was noted that a Dec. 2014 monthly close above $27 in Abercrombie & Fitch would be the earliest indication for a tradable multi-month advance and test/attempt at $34 (or higher).
2. The month of Dec. 2014 closed at $28.64, which is the earliest indication for the above-noted advance.
3. Further, the next important daily market bottom in Abercrombie and Fitch is tomorrow, Tuesday, January 13 (+/-1 day). Continued daily closes above $27.00 will be the stronger position with regard to that bottom and place the stock into a ‘Buy’ position. Will update as the market continues to confirm.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.