Issued: 02/03/2015
March dollar index: Note correction in #2
1. Our recent Thurs., Jan. 29 March US dollar index report indicated new short entry upon failure at and daily close below $95.25 (and worst-case, $95.50) for a sharp decline and test/attempt at $93.10/$93.00 (or lower) into early week of Feb. 2.
2. The original downside target published at $93.10/$93 was incorrect. The 2 main downside targets are $94.15, then $93.92.
2. Partial short position exit was taken at/near $94.40. A further exit should now be taken at current prices (current price, $94.15) and any remaining position held for a final at/near $93.92.
3. Once short, a protective buy stop should be placed above $94.51. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 01/29/2015
March dollar index:
1. A continued failure at and daily close below $95.25 (and worst-case, $95.50) will place the March US dollar index into a ‘Sell’ position for a decline and test/attempt at $93.10/$93.00 (or lower) into early next week (week of Feb. 2). Tomorrow, Fri., Jan. 30 will likely prompt new short entry if the market confirms as noted.
2. Partial short position exit should be taken at/near $94.40, a further exit at/near $93.10 and any remaining position held for a further downside target to be messaged in a subsequent update.
3. Once short, a protective buy stop should be placed above $95.60. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 02/04/2015
March US dollar index:
1. Our recent Thurs., Jan. 29 March US dollar index report indicated new short entry upon failure at and daily close below $95.25 (and worst-case, $95.50) for a sharp decline and test/attempt at $94.15 then $93.92 (or lower) into early week of Feb. 2.
2. During the Tues., Feb. 3 session, the March US dollar index completed both the $94.15 and $93.92 downside profit targets, completing the trade. Will message any further entry or indication in the March US dollar index.
David Williams