04/15/2014 – US Dollar
Issued: 04/16/2014
June US dollar index:
1. Our previous update indicated that any testing hourly close above $79.77 in the June US dollar index would prompt new long entry for a possible test/attempt at $79.97 (or higher) into Wed. April 16 (+/-1 day).
2. Today’s June US dollar index tested the $79.77 buying territory and closed hourly above it, indicating new long entry.
3. Partial long position exit should be taken at current prices (current price, $79.86). The remainder should be held for the possibility of $79.97 (or higher) noted in the original update.
4. A protective sell stop should be placed at $79.78. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 04/14/2014
June dollar index, latest update:
1. Continued hourly and daily close above $79.77 indicates a test of $79.97 (or higher) into Wed., April 16 (+/-1 day).
2. Although the above is a relatively minor indication, any touch and hourly close above $79.77 prior to Wed., April 16 (+/-1 day) should prompt consideration for new long entry which may run beyond the $79.97 target. 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.