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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 - 6/15/2013 0 comments
    Jun 16, 2013 1:30 PM | about stocks: GLD, SLV, PSLV, PHYS, 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 1391. The market closing below the 9 day MA (1407) 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 1383, it confirms that the price momentum is bullish.

    Look to take some profits on longs, as we reach the 1400 and 1411 levels during the week. Cover short on corrections at the 1373 to 1355 and reverse and go long on a weekly reversal stop. If long, use the 1355 level as a Stop Close Only and Good Till Cancelled order.

    SILVER

    The July Silver futures contract closed at 21.99. The market closing below the 9 day MA (22.78) 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 21.86, it confirms that the price momentum is bullish.

    Look to take some profits on longs, as we reach the 22.20 and 22.41 levels during the week. Cover short on corrections at the 21.65 to 21.31 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 21.31 level as a Stop Close Only and Good Till Cancelled order.

    B POUND

    The June B Pound futures contract closed at 1.5703. The market closing above the 9 day MA (1.5563) 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 1.5645, it confirms that the price momentum is bullish.

    Look to take some profits on longs, as we reach the 1.5796 and 1.5888 levels during the week. Cover short on corrections at the 1.5553 to 1.5402 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 1.5402 level as a Stop Close Only and Good Till Cancelled order.

    EURO

    The June Euro futures contract closed at 1.3345. The market closing above the 9 day MA (1.3055) 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 1.3305, it confirms that the price momentum is bullish.

    Look to take some profits on longs, as we reach the 1.341 to 1.3518 levels during the week. Cover short on corrections at the 1.3218 to 1.3092 levels and reverse and go long on a weekly reversal stop. If long, use the 1.3092 level as a Stop Close Only and Good Till Cancelled order.

    E MINI S&P 500

    The June E Mini futures contract closed at 1.6180. The market closing below the 9 day MA (1.6356) is confirmation that the trend momentum is bearish. A close above 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 1.618, it confirms that the price momentum is bullish.

    Look to take some profits on longs, as we reach the 1.637 and 1.657 levels during the week. Cover short on corrections at the 1.598 to 1.579 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 1.579 level as a Stop Close Only and Good Till Cancelled order.

    SOYBEANS

    The July Soybeans futures contract closed at 15.16. The market closing below the 9 day MA (15.26) is confirmation that the trend momentum is bullish. A close above 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 15.14, it confirms that the price momentum is bullish.

    Look to take some profits on longs, as we reach the 15.23 to 15.31 levels during the week. Cover short on corrections at the 15.07 to 14.99 levels to cover shorts and reverse and go long on a weekly reversal stop. If long, use the 14.99 level as a Stop Close Only and Good Till Cancelled order.

    CRUDE OIL

    The July Crude Oil contract closed at 97.89. The market closing above the 9 MA (94.30) 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 96.73, it confirms that the price momentum is bullish.

    Look to take some profits, if long, as we reach the 99.41 and 101 levels during the week. Cover shorts on corrections at the 95.21 to 92.54 levels to cover shorts and go long on a daily reversal stop. If long, use the 92.54 level as a Stop Close Only and Good Till Cancelled order.

    FEEDER CATTLE

    The July F Cattle contract closed at 143.40. The market closing above the 9 MA (149.98) 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 144.21, it confirms that the price momentum is bullish.

    Look to take some profits, if long, as we reach the 145.31 and 147.23 levels during the week. Cover shorts on corrections at the 142.29 to 141.18 levels to cover shorts and go long on a daily reversal stop. If long, use the 141.18 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.

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