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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 Stocks, ETFs Swing Trading Instructions – Weekly – 6/21/2013 0 comments
    Jun 23, 2013 8:57 PM | about stocks: AGQ, SLV, GLD, SPY, ZSL

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

    AGQ

    The ETF contract closed at 17.93. 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 below the VC Weekly Price Momentum Indicator of 18.87, it confirms that the price momentum is bearish.

    Cover short on corrections at the 16.18 to 14.44 and reverse and go long on a weekly reversal stop. If long, use the 14.44 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.61 and 23.30 levels during the week.

    SLV

    The ETF contract closed at 19.39. The market closing below the 9 day MA (21.71) 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 19.82, it confirms that the price momentum is bearish.

    Cover short on corrections at the 18.44 to 17.50 and reverse and go long on a weekly reversal stop. If long, use the 17.50 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 21.57 and 21.80 levels during the week.

    GLD

    The ETF contract closed at 125.05. The market closing below the 9 day MA (134.90) 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 127.48, it confirms that the price momentum is bearish.

    Cover short on corrections at the 120.90 to 116.75 and reverse and go long on a weekly reversal stop. If long, use the 131.24 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 131.63 and 138.21 levels during the week.

    SPY

    The ETF contract closed at 163.18. The market closing above the 9 day MA (162.46) 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 below the VC Weekly Price Momentum Indicator of 163.29, it confirms that the price momentum is bearish.

    Cover short on corrections at the 161.19 to 159.19 and reverse and go long on a weekly reversal stop. If long, use the 159.19 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 165.29 and 167.40 levels during the week.

    ZSL

    The ETF contract closed at 82.52. The market closing above the 9 day MA (81.02) 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 83.85, it confirms that the price momentum is bearish.

    Cover short on corrections at the 80.53 to 78.53 and reverse and go long on a weekly reversal stop. If long, use the 78.53 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 85.85 and 89.17 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: metals, indices Stocks: AGQ, SLV, GLD, SPY, ZSL
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