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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 – 6-21-2012 0 comments
    Jun 23, 2013 2:50 PM | about stocks: GLD, SLV, AGQ, 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 1298. The market closing below the 9 day MA (1396) 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 1319, it confirms that the price momentum is bearish.

    Cover short on corrections at the 1247 and 1197 levels and reverse to go long on a weekly reversal stop. If long, use the 1197 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1369 and 1441 levels during the week.

    SILVER

    The July Silver futures contract closed at 20.06. The market closing below the 9 day MA (22.45) 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 20.48, it confirms that the price momentum is bearish.

    Cover short on corrections at the 18.89 to 17.72 levels and reverse and go long on a weekly reversal stop. If long, use the 17.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 21.64 and 23.22 levels during the week.

    B POUND

    The Sep B Pound futures contract closed at 1.542. The market closing above the 9 day MA (1.539) 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 1.5551, it confirms that the price momentum is bearish.

    Cover short on corrections at the 1.527 and 1.512 levels and reverse and go long on a weekly reversal stop. If long, use the 1.512 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.566 and 1.590 levels during the week.

    EURO

    The Sep Euro futures contract closed at 1.3130. The market closing below the 9 day MA (1.33) 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 1.3219, it confirms that the price momentum is bearish.

    Cover short on corrections at the 1.3018 and 1.29 levels and reverse to go long on a weekly reversal stop. If long, use the 1.29 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.3334 and 1.3535 levels during the week.

    E MINI S&P 500

    The Sep E Mini futures contract closed at 1.584. The market closing below the 9 day MA (1.616) 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 1.583, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.570 and 1.557 levels to cover and reverse and go long on a weekly reversal stop. If long, use the 1.557 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.597 and 1.611 levels during the week.

    SOYBEANS

    The July Soybeans futures contract closed at 14.93. The market closing above the 9 day MA (14.83) 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 14.97, it confirms that the price momentum is bearish.

    Cover short on corrections at the 14.85 to 14.78 levels and reverse to go long on a weekly reversal stop. If long, use the 14.78 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 15.04 and 15.16 levels during the week.

    CRUDE OIL

    The August Crude Oil contract closed at 93.94. The market closing below the 9 MA (94.93) 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 95.36, it confirms that the price momentum is bearish.

    Cover shorts on corrections at the 91.70 to 89.46 levels and reverse to go long on a wwekly reversal stop. If long, use the 89.46 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 97.59 and 101.24 levels during the week.

    FEEDER CATTLE

    The August F Cattle contract closed at 146.65. The market closing above the 9 MA (141.41) 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 145.62, it confirms that the price momentum is bullish.

    Cover shorts on corrections at the 144.28 to 141.92 levels to cover shorts and go long on a daily reversal stop. If long, use the 141.92 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 147.98 and 149.32 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.

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