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James P. Montes
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Individual trader investor. Mr Montes is an independent analyst and commentator for the Equity Management Academy. The Equity Management Academy (www.ema2tradelivesignals.com) is a virtual online trading school and LIVE Trading Room committed to providing traders with the latest market... More
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  • The VC Indicator Monthly Futures Swing Trading Instructions - 11.01.13 0 comments
    Nov 3, 2013 7:09 PM | about stocks: GLD, SLV, FXE, SPY

    Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.

    GOLD

    MONTHLY MOVING AVERAGES

    The December gold futures contract closed at 1324. The market closing below the 9 MA (1374) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

    VC CODE MONTHLY MOMENTUM INDICATOR

    With the market closing above the VC Weekly Price Momentum Indicator of 1312 it confirms that the price momentum is bullish.

    VC CODE MONTHLY CODE PRICE INDICATOR

    Cover short on corrections at the 1263 to 1201 levels and go long on a weekly reversal stop. If long, use the 1201 level as a monthly Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1374 and 1423 levels during the month.

    SILVER

    MONTHLY MOVING AVERAGES

    The December Silver futures contract closed at 21.87. The market closing below the 9 day MA (22.59) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

    VC CODE MONTHLY MOMENTUM INDICATOR

    With the market closing above the VC Monthly Price Momentum Indicator of 21.82, it confirms that the price momentum is bullish.

    VC CODE MONTHLY PRICE INDICATOR

    Cover short on corrections at the 20.54 to 19.21 levels and go long on a weekly reversal stop. If long, use the 19.21 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 23.14 to 24.42 levels during the month.

    E-MINI S&P 500

    MONTHLY MOVING AVERAGES

    The December E- Mini futures contract closed at 1.751. The market closing above the 9 day MA (1.646) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

    VC CODE MONTHLY MOMENTUM INDICATOR

    With the market above at the VC Monthly Price Momentum Indicator of 1.721, it confirms that the price momentum is bullish.

    VC CODE MONTHLY PRICE INDICATOR

    Cover short on corrections at the 1.670 to 1.588 levels and go long on a weekly reversal stop. If long, use the 1.588 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.803 and 1.854 levels during the month.

    EUROCURRENCY

    WEEKLY MOVING AVERAGES

    The Dec futures contract closed at 1.3590. The market closing above the 9 day MA (1.3247) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

    VC CODE WEEKLY MOMENTUM INDICATOR

    With the market closing below the VC Weekly Price Momentum Indicator of 1.3633, it confirms that the price momentum is bearish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover short on corrections at the 1.3437 to 1.3283 levels and go long on a weekly reversal stop. If long, use the 1.3283 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.379 to 1.398 levels during the month.

    CRUDE OIL

    WEEKLY MOVING AVERAGES

    The Dec futures contract closed at 96.38. The market closing below the 9 day MA (97.10) is confirmation that the trend momentum is bearish. A close above the 18 MA would negate the weekly bearish short-term trend to neutral.

    VC CODE WEEKLY MOMENTUM INDICATOR

    With the market closing below the VC Weekly Price Momentum Indicator of 98.76, it confirms that the price momentum is bearish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover short on corrections at the 93.56 to 90.75 levels and go long on a weekly reversal stop. If long, use the 90.757 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 101.57 to 106.77 levels during the month.

    US DOLLAR INDEX

    WEEKLY MOVING AVERAGES

    The futures contract closed at 80.26. The market closing below the 9 day MA (82.09) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

    VC CODE WEEKLY MOMENTUM INDICATOR

    With the market closing above the VC Weekly Price Momentum Indicator of 80.06, it confirms that the price momentum is bullish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover short on corrections at the 79.26 to 78.25 levels and go long on a weekly reversal stop. If long, use the 78.25 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 81.07 to 81.87 levels during the month.

    TRADING DERIVATIVES, FINANCIAL INSTRUMENTS AND PRECIOUS METALS INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR EVERYONE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

    Themes: metals, currencies, indices, energies Stocks: GLD, SLV, FXE, SPY
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