03/11/2015 – Union Pacific Corp
Union Pacific Corp., UNP:
1. Since Feb. 9 in our ongoing Williams edge stock meetings it was noted that any weekly close in Union Pacific Corp. below $122 (and best case $120) could be shorted for a decline to $115/$14 or lower.
2. Today’s (Wed., Mar. 11) Union Pacific Corp. session completed the $114 forecast downside profit target (today’s session low, $114.28). This represents partial profit-taking territory. Any remaining short position should be held for the possibility of lower prices to be messaged in a subsequent update.
3. A protective buy stop should be placed at $118.70. This stop will be moved lower as the market continues to confirm.
4. The next important weekly bottom in Union Pacific Corp. is due the week of Mar. 16 (+ 1 week). Will update.
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.