04/13/2015 – Chipotle Mexican Grill

Chipotle Mexican Grill, CMG:

1. During the week of Mar. 30 we noted that Chipotle Mexican Grill was likely to close the week above $638, and in doing so would indicate an advance to $670/$72 (or higher).

2. The week of Mar. 30 closed above $638 (weekly close, $652.39) giving the green light for substantially higher prices.

3. Chipotle advanced sharply and completed the $670/$72 upside target (and higher) making a swing high today (Mon., April 13) of $687.74. Although there was no official long entry subsequent to the forecast, the completion of the forecast further confirms the value of tracking Chipotle Mexican Grill.

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.