05/19/2014 – Nasdaq
Issued: 05/18/2014
June NASDAQ:
1. In Friday’s live meeting Williams edge meeting, the NASDAQ (which was trading at approximately $3555.00) was forecast to advance to at/near $3597/$98 into Tuesday May 20 (+/-1 day).
2. Self-directed traders with long positions based upon the above forecast should exit a portion of their long position at current prices (current price, $3589.50).
3. After the completion of the $3597 forecast upside target occurs, any remaining long position should be held for the possibility of higher prices (not a forecast), including a test/attempt at $3610. Will update.
David Williams
Issued: 05/18/2014
June NASDAQ:
1. The previous report was titled ‘natural gas’ in error. The title should of been ‘June NASDAQ’. It is properly identified in the report section of Williams edge for lookup purposes.
David Williams
Issued: 05/19/2014
June NASDAQ:
1. In Friday’s (May 16) live meeting the NASDAQ (which was trading at approximately $3555.00) was forecast to advance to at/near $3597/$98 into Tuesday, May 20 (+/-1 day).
2. Today’s June NASDAQ completed the $3597 upside target which completes the forecast (today’s session high, $3597).
3. As noted previously, although not a forecast, self-directed longs can hold any remaining position for the possibility of higher prices (not a forecast) including a test/attempt at $3610. 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.