03/04/2015 – Union Pacific Corp
- March 4, 2015
- Union Pacific Corp
Union Pacific Corp, UNP:
1. Since Tues. Feb. 24 in our Williams edge stock meetings it was noted that Union Pacific Corp, then trading at approximately $122.00 was expected to decline from $122.00 down to $117/$18 (or lower) into the second week of March.
2. Since then Union Pacific has continued to decline and today (Wed., March 4) made a session low of $116.60, completing the $117/$18 downside target. These price levels are profit taking territory for those taking advantage of the forecast. This completes the trade.
3. The next important weekly bottom in Union Pacific Corp is due the week of March 9 (+/-1 week) and may prompt new long entry. Will update as the market confirms.
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.