06/23/2015 – Harman Intl Industries
Issued: 06/24/2015
Harman International industries:
1. Beginning the week of June 1 our outlook for Harman international was for an advance and test/attempt at $128/$29. Our original long entry was not triggered at that time. During the week of June 15 traders were advised to go long upon any daily close above $122.70.
2. Subsequently, Harman has moved sharply higher and completed the forecast $128/$29) upside target (swing high, $128.60). This successfully completes the trade. Will message any further entry or indication in Harman International industries.
David Williams
Issued: 06/21/2015
Harman international industries:
1. Beginning the week of June 1 our outlook for Harman international was for an advance and test/attempt at $128/$29. Our original long entry was not triggered at that time. During the week of June 15 traders were advised to go long upon any daily close above $122.70.
2. Subsequently, Harman has moved sharply higher, making Friday’s (June 19) recent swing high of $127.70 (against the $128/$29) upside target, so far.
3. Traders long from the above indication should exit partial positions at current prices (current price $126.05) if they have not already.
4. A protective sell stop should be placed at $122.50. This stop will continue to be moved higher as the market continues to confirm. 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.