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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 7-12-2013 0 comments
    Jul 13, 2013 3:55 PM | about stocks: GLD, AGQ, SLV, GDX, FXE, FXA, FXB, MOO, DBA, SPY

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

    GOLD

    The August gold futures contract closed at 1284. The market closing below the 9 day MA (1325) 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 1265, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1233 and 1182 levels and go long on a weekly reversal stop. If long, use the 1182 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1316 to 1348 levels during the week.

    SILVER

    The July Silver futures contract closed at 19.87. The market closing below the 9 day MA (21) 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 19.60, it confirms that the price momentum is bearish.

    Cover short on corrections at the 18.94 and 18.02 levels and go long on a weekly reversal stop. If long, use the 18.02 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.52 to 21.18 levels during the week.

    B POUND

    The Sep B Pound futures contract closed at 1.51. The market closing below the 9 day MA (1.5254) 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 1.5039 it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.4863 and 1.4629 levels and go long on a weekly reversal stop. If long, use the 1.4629 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.5273 and 1.5449 levels during the week.

    EURO

    The Sep Euro futures contract closed at 1.307. The market closing above the 9 day MA (1.3044) 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 1.3012, it confirms that the price momentum is bearish.

    Cover short on corrections at the 1.2811 and 1,2555 levels and go long on a weekly reversal stop. If long, use the 1.2555 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.3268 and 1.3469 levels during the week.

    AUSTRALIAN DOLLAR

    The Sep Australian dollar contract closed at 90.24. The market closing below the 9 MA (93.36) 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 90.81, it confirms that the price momentum is bearish.

    Cover shorts on corrections at the 90 and 87.75 levels and go long on a weekly reversal stop. If long, use the 87.75 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 92.06 and 93.87 levels during the week.

    E MINI S&P 500

    The Sep E Mini futures contract closed at 1.671. The market closing above the 9 day MA (1.628) 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 1.657, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.6400 and 1.6090 levels and go long on a weekly reversal stop. If long, use the 1.6090 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.6880 and 1.7050 levels during the week.

    SOYBEANS

    The Aug Soybeans futures contract closed at 14.32. The market closing above the 9 day MA (14.24) is confirmation that the trend momentum is bearish. 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 14.46, it confirms that the price momentum is bearish.

    Cover short on corrections at the 14.12 and 13.93 levels and go long on a weekly reversal stop. If long, use the 13.93 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.65 and 14.99 levels during the week.

    CRUDE OIL

    The August Crude Oil contract closed at 105.95. The market closing above the 9 MA (97.41) 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 105.18, it confirms that the price momentum is bullish.

    Cover shorts on corrections at the 102.90 and 99.86 levels and go long on a weekly reversal stop. If long, use the 99.86 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 108.22 and 110.50 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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