Issued: 03/30/2015
June dollar index:
1. In Fri., Mar. 27 Williams edge futures meeting it was noted that a daily close below $98.03 in the June US dollar index (then trading at approximately $97.50) was expected to decline and test $96.77/$.75 into Mon., Mar. 30 (+1 day). Friday’s session closed at $97.60.
2. Partial short position exit were instructed to be taken at/near $97.25) which occurred.
3. However, today the June US dollar index hit our protective buy stop at $98.25. This resulted in a loss on the position. Will message any further entry or indication for the June US dollar index.
David Williams
Issued: 03/27/2015
June the US dollar index:
1. In today’s (Fri., Mar. 27) Williams edge futures meeting it was noted that a daily close below $98.03 in the June US dollar index (then trading at approximately $97.50) was expected to decline and test $96.77/$.75 into Mon., Mar. 30 (+1 day).
2. If already short based upon today’s live meeting instructions, partial short position exit should be taken at current prices (current price $97.37).
3. If not already short, partial short position exit should be taken at/near $97.25. Final exit should be taken at/near $96.80 and any final position held for the possibility of a trend following exit target to be messaged in a subsequent update.
4. A protective buy stop should be placed at $98.25. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 03/27/2015
June the US dollar index (Correction):
1. In today’s (Fri., Mar. 27) Williams edge futures meeting it was noted that a daily close below $98.03 in the June US dollar index (then trading at approximately $97.50) was expected to decline and test $96.77/$.75 into Mon., Mar. 30 (+1 day).
2. If already short based upon today’s live meeting instructions, partial short position exit should be taken at current prices (current price $97.37).
3. (This paragraph was corrected) Any new short position based upon the above should take partial exit at/near $97.25. Final exit should be taken at/near $96.80 and any final position held for the possibility of a trend following exit target to be messaged in a subsequent update.
4. A protective buy stop should be placed at $98.25. This stop will be moved lower as the market continues to confirm.
David Williams