Issued: 06/11/2014
September 30 year U.S. Treasury bond:
1. A daily close today (Wed. June 11) above $134.27 in the September 30 year U.S. Treasury bond is the earliest indication for a fast advance and test/attempt at $136.11 late this week.
2. However, no new entry is indicated at this point. Will update as the market continues to confirm.
David Williams
Issued: 06/12/2014
September 30 year U.S. Treasury bond:
1. Yesterday’s (Wed., June 11) update indicated that a daily close above $134.27 in the September 30 year U.S. Treasury bond would indicate new long entry for fast advance to at/near $136.11 late this week.
2. Yesterday’s session closed above $134.30 (above $134.27) indicating new long entry.
3. Today’s (Thursday, June 12) session advanced powerfully and has made a session high of $136.00, so far. If long from yesterday’s daily close, partial long position exit should be taken at current prices (current price $136.00). Further exit should be taken at/near $136.11 forecast target.
4. A protective sell stop should be placed at $135.07. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 06/13/2014
September 30 year U.S. Treasury bond:
1. Today’s (Friday, June 13th) September 30 year U.S. Treasury bond continued on the forecast advance from $134.27 to at/near $136.11 noted in our June 11 update (today’s session high, $136.06).
2. Partial long position exits were taken yesterday at/near $136.00, noted in yesterday’s (Thursday, June 12) update.
3. Today’s continued advance to $136.06 (against the forecast $136.11 upside target) was all the market could do on the upside before reversing and hitting our protective sell stop at $135.07. This resulted in a successful trade.
4. The inability of the market to complete the $136.11 upside target is an early indication of internal weakness and the possibility of lower prices. Will update.
David Williams