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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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  • Golden Eagle Futures Swing Trading Instructions Weekly – 6/8/2013 0 comments
    Jun 9, 2013 8:59 AM | about stocks: GLD, SLV, PSLV, AGQ, SLW, FXE, FXB, SPY, MOO, DBA

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

    GOLD

    The August gold futures contract closed at 1383.5. The market closing below the 9 day MA (1420) 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 1395, it confirms that the price momentum is bearish. Look to take some profits on longs, as we reach the 1411 and 1440 levels during the week. Cover short on corrections at the 1366 TO 1350 and reverse and go long on a weekly reversal stop. If long, use the 1350 level as a Stop Close Only and Good Till Cancelled order.

    SILVER

    The July Silver futures contract closed at 21.61. The market closing below the 9 day MA (23.27) 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 22.06, it confirms that the price momentum is bearish. Look to take some profits on longs, as we reach the 22.55 and 23.35 levels during the week. Cover short on corrections at the 21.26 to 20.77 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 20.77 level as a Stop Close Only and Good Till Cancelled order.

    B POUND

    The June B Pound futures contract closed at 1.5560. The market closing above the 9 day MA (1.5330) 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 1.5478, it confirms that the price momentum is bullish. Look to take some profits on longs, as we reach the 1.5764 and 1.5971 levels during the week. Cover short on corrections at the 1.5271 to 1.4985 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 1.4985 level as a Stop Close Only and Good Till Cancelled order.

    EURO

    The June Euro futures contract closed at 1.3224. The market closing above the 9 day MA (1.3026) 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 1.3162, it confirms that the price momentum is bullish. Look to take some profits on longs, as we reach the 1.3369 to 1.3513 levels during the week. Cover short on corrections at the 1.3018 to 1.2811 levels and reverse and go long on a weekly reversal stop. If long, use the 1.2811 level as a Stop Close Only and Good Till Cancelled order.

    E MINI S&P 500

    The July E Mini futures contract closed at 1.6390. The market above above the 9 day MA (1.6356) 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 1.6335, it confirms that the price momentum is bullish. Look to take some profits on longs, as we reach the 1.6490 and 1.6595 levels during the week. Cover short on corrections at the 1.6230 to 1.6075 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 1.6075 level as a Stop Close Only and Good Till Cancelled order.

    SOYBEANS

    The July Soybeans futures contract closed at 15.29. The market closing above the 9 day MA (15.18) 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 15.30, it confirms that the price momentum is bearish. Look to take some profits on longs, as we reach the 15.40 to 15.51 levels during the week. Cover short on corrections at the 15.19 to 15.09 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 15.09 level as a Stop Close Only and Good Till Cancelled order.

    CRUDE OIL

    The July Crude Oil contract closed at 96.24. The market closing above the 9 MA (93.89) is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish trend to neutral. With the market closing above the VC Weekly Price Momentum Indicator of 95.38, it confirms that the price momentum is bullish. Look to take some profits, if long, as we reach the 97.04 and 98.05 levels during the week. Cover shorts on corrections at the 94.37 to 92.71 levels to cover shorts and go long on a daily reversal stop. If long, use the 92.71 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.

    Stocks: GLD, SLV, PSLV, AGQ, SLW, FXE, FXB, SPY, MOO, DBA
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