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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 Price Momentum Indicator – Weekly Futures Swing Trading Instructions 11.29.13 0 comments
    Nov 30, 2013 6:00 PM | about stocks: GLD, SLV, SPY, XLE, PSLV, PHYS, FXE

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

    GOLD

    WEEKLY MOVING AVERAGES

    The December gold futures contract closed at 1252 . The market closing below the 9 MA (1294) 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 1245, it confirms that the price momentum is bullish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover short on corrections at the 1233 to 1213 levels and go long on a weekly reversal stop. If long, use the 1213 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the to 1265 to 1277 levels during the week.

    SILVER

    WEEKLY MOVING AVERAGES

    The December Silver futures contract closed at 19.97. The market closing below the 9 day MA (21.28) is confirmation that the trend momentum is bearish. 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 above the VC Weekly Price Momentum Indicator of 19.95, it confirms that the price momentum is bullish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover short on corrections at the 19.59 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 20.32 to 20.68 levels during the week.

    EURO

    WEEKLY MOVING AVERAGES

    The Euro - PA Index contract closed at 135.65. The market closing above the 9 day MA (135.64) 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 above the VC Weekly Price Momentum Indicator of 135.57, it confirms that the price momentum is bullish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover short on corrections at the 134.97 to 134.30 levels and go long on a weekly reversal stop. If long, use the 134.30 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 136.25 to 136.85 levels during the week.

    DOLLAR INDEX

    WEEKLY MOVING AVERAGES

    The Dec futures contract closed at 80.66. The market closing above the 9 day MA (80.45) 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 80.74, it confirms that the price momentum is bearish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover short on corrections at the 80.42 to 80.18 levels and go long on a weekly reversal stop. If long, use the 80.18 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 80.98 to 81.30 levels during the week.

    E MINI S&P 500

    WEEKLY MOVING AVERAGES

    The Dec E Mini futures contract closed at 1.804. The market closing above the 9 day MA (1.775) 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 PRICE INDICATOR

    With the market closing below the VC Weekly Price Momentum Indicator of 1.805, it confirms that the price momentum is bearish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover short on corrections at the 1.798 to 1.791 levels and go long on a weekly reversal stop. If long, use the 1.791 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.812 to 1.819 levels during the week.

    CRUDE OIL

    WEEKLY MOVING AVERAGES

    The January Crude Oil contract closed at 92.72. The market closing below the 9 MA (97.20) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish trend to neutral.

    VC CODE WEEKLY MOMENTUM INDICATOR

    With the market closing below the VC Weekly Price Momentum Indicator of 93.06, it confirms that the price momentum is bearish.

    VC CODE WEEKLY PRICE INDICATOR

    Cover shorts on corrections at the 91.43 to 90.14 levels and go long on a weekly reversal stop. If long, use the 90.14 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 94.35 to 95.98 levels during the week.

    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: currencies, metals, energies, indices Stocks: GLD, SLV, SPY, XLE, PSLV, PHYS, FXE
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