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Thomas began his investing career as an amateur investor in 2001, quickly honing his craft. Having worked as a banker for both JP Morgan Chase and Wells Fargo, he acquired enough capital by the year 2008 to quit his banking career and go full-time as an investor. He devoted himself to research... More
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  • VC Swing Trading Price Indicator 0 comments
    Jun 2, 2013 7:18 PM | about stocks: GLD, SLV, FXE, FXB, SPY, DBA

    Golden Eagle Futures Swing Trading Instructions weekly - 5/31/2013

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

    GOLD

    The August gold futures contract closed at 1388. The market closing below the 9 day MA (1449) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral. With the market closing below the VC Weekly Price Momentum Indicator of 1394, it confirms that the price momentum is bearish. Look to take some profits on longs, as we reach the 1416 and 1443 levels during the week. Cover short on corrections at the 1367 to 1345 and reverse and go long on a weekly reversal stop. If long, use the 1345 level as a Stop Close Only and Good Till Cancelled order.

    SILVER

    The July Silver futures contract closed at 22.23. The market closing below the 9 day MA (22.44) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral. With the market closing below the VC Weekly Price Momentum Indicator of 22.39, it confirms that the price momentum is bearish. Look to take some profits on longs, as we reach the 22.69 and 23.14 levels during the week. Cover short on corrections at the 21.94 to 21.64 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 21.64 level as a Stop Close Only and Good Till Cancelled order.

    B POUND

    The June B Pound futures contract closed at 1.5188. The market closing below the 9 day MA (1.5305) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral. With the market closing above the VC Weekly Price Momentum Indicator of 1.5142, it confirms that the price momentum is bullish. Look to take some profits on longs, as we reach the 1.5277 and 1.5375 levels during the week. Cover short on corrections at the 1.5044 to 1.4909 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 1.4909 level as a Stop Close Only and Good Till Cancelled order.

    EURO

    The June Euro futures contract closed at 1.29809. The market closing below the 9 day MA (1.3004) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral. With the market closing below the VC Weekly Price Momentum Indicator of 1.3294, it confirms that the price momentum is bearish. Look to take some profits on longs, as we reach the 1.3749 and 1.2528 levels during the week. Cover short on corrections at the 1.2528 to 1.2073 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 1.2073 level as a Stop Close Only and Good Till Cancelled order.

    E MINI S&P 500

    The July E Mini futures contract closed at 1.6290. The market above the 9 day MA (1.6036) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral. With the market closing below the VC Weekly Price Momentum Indicator of 1.6427, it confirms that the price momentum is bearish. Look to take some profits on longs, as we reach the 1.6591 and 1.6892 levels during the week. Cover short on corrections at the 1.6126 to 1.5926 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 1.5926 level as a Stop Close Only and Good Till Cancelled order.

    SOYBEANS

    The July Soybeans futures contract closed at 15.10. The market closing above the 9 day MA (14.46) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral. With the market closing above the VC Weekly Price Momentum Indicator of 15.03, it confirms that the price momentum is bullish. Look to take some profits on longs, as we reach the 15.35 and 15.59 levels during the week. Cover short on corrections at the 14.79 and 14.47 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 14.47 level as a Stop Close Only and Good Till Cancelled order.

    FEEDER CATTLE

    The August Feeder Cattle futures contract closed at 1.443. The market closing above the 9 day MA (1.3925) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral. With the market closing below the VC Weekly Price Momentum Indicator of 1.4477, it confirms that the price momentum is bearish. Look to take some profits on longs, as we reach the 1.4588 and 1.4745 levels during the week. Cover short on corrections at the 1.4320 to 1.4209 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 1.4209 level as a Stop Close Only and Good Till Cancelled order.

    CRUDE OIL

    The July Crude Oil contract closed at 91.97. The market closing below the 9 MA (93.20) is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish trend to neutral. With the market closing below the VC Weekly Price Momentum Indicator of 93.15, it confirms that the price momentum is bearish. Look to take some profits, if long, as we reach the 94.74 and 97.51 levels during the week. Cover shorts on corrections at the 90.38 to 88.79 levels to cover shorts and go long on a daily reversal stop. If long, use the 88.79 level as a Stop Close Only and Good Till Cancelled order.

    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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Commodities, Gold and Silver Stocks: GLD, SLV, FXE, FXB, SPY, DBA
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