08/17/2015 – Russell 2000 index

Issued: 08/17/2015

September Russell 2000 index:

1. Continued hourly and especially daily closes above $1208 in September Russell 2000 index place the market into a ‘Buy’ position for further advance and test/attempt at both $1224 (initial target), then $1229/$30. Aggressive can go long at current prices (current price $1213.70).

2. A protective sell stop should be placed at $1205.50. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 08/17/2015

September Russell 2000 index:

1. Our previous report indicated that continued hourly and especially daily closes above $1208 in September Russell 2000 index would place the market into a ‘Buy’ position for further advance and test/attempt at both $1224 (initial target), then $1229/$30. Aggressive were instructed to go long at $1213.70.

2. Subsequently, the September Russell 2000 index continued to advance and made its initial test/attempt at the $1224 initial upside target (today’s session high, $1223.30). This is initial profit taking territory, as noted. Higher prices remain indicated.

3. Our protective sell stop has been raised to $1209.50. This stop will 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.