04/05/2016 – 30 YR Treasury Bond
June 30 year U.S. Treasury bond:
1. Since Thursday, April 3 in our Williams edge live meetings it was noted that hourly closes above $165.10 would indicate an advance to $166.15 (and possibly $167.00).
2. Yesterday (Monday, April 4) bonds closed hourly above $165.10, indicating new long entry. Partial long position exits were taken at/near the initial profit target of $166.15. Any remaining long position should be held for the possibility of higher prices, including $167.00 noted in the original forecast.
3. A protective sell stop should be placed at $165.20. This stop will be moved higher 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.