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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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  • The VC Price Indicator: Futures Swing Trading Instructions Weekly 8-2-2013 0 comments
    Aug 3, 2013 4:27 PM | about stocks: GLD, SLV, FXE, FXB, FXA, MOO, DBA, SPY, UNG

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

    GOLD

    The August gold futures contract closed 1313. The market closing above the 9 day MA (1305) 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 1311, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1284 to 1256 levels and go long on a weekly reversal stop. If long, use the 1256 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1339 to 1.367 levels during the week.

    SILVER

    The Sep Silver futures contract closed at 19.84. The market closing below the 9 day MA (20.17) 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 19.76, it confirms that the price momentum is bullish.

    Cover short on corrections at the 19.26 to 18.68 levels and go long on a weekly reversal stop. If long, use the 18.68 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.34 and 20.84 levels during the week.

    B POUND

    The B Pound - PA Index contract closed at 152.95. The market closing above the 18 day MA (152.4) is confirmation that the trend momentum is bullish. A close below the 18 MA would negate the weekly bullish short-term trend to neutral.

    With the market closing above the VC Weekly Price Momentum Indicator of 152.5 it confirms that the price momentum is bullish.

    Cover short on corrections at the 151.90 to 150.85 levels and go long on a weekly reversal stop. If long, use the 150.85 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 153.55 to 154.15 levels during the week.

    EURO

    The Euro - PA Index contract closed at 1.3281. The market closing above the 9 day MA (1.3117) 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 1.3240, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.3180 and 1.3080 levels and go long on a weekly reversal stop. If long, use the 1.3080 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.3341 and 1.34 levels during the week.

    AUSTRALIAN DOLLAR

    The Australian dollar - PA Index contract closed at 89.02. The market closing below the 9 MA (92.17) 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 90.06, it confirms that the price momentum is bearish.

    Cover shorts on corrections at the 87.67 to 86.32 levels and go long on a weekly reversal stop. If long, use the 86.32 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 91.40 to 93.79 levels during the week.

    E MINI S&P 500

    The Sep E Mini futures contract closed at 1.703. The market closingabove the 9 day MA (1.689) 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 1.701, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.698 to 1.692 levels and go long on a weekly reversal stop. If long, use the 1.692 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.707 to 1.710 levels during the week.

    SOYBEANS

    The Nov Soybeans futures contract closed at 11.80. The market closing below the 9 day MA (12.57) 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 11.95, it confirms that the price momentum is bearish.

    Cover short on corrections at the 11.61 and 11.42 levels and go long on a weekly reversal stop. If long, use the 11.42 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.13 to 12.44 levels during the week.

    CRUDE OIL

    The August Crude Oil contract closed at 106.96. The market closing above the 9 MA (101.44) 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 106.15, it confirms that the price momentum is bulish.

    Cover shorts on corrections at the 103.48 to 100 levels and go long on a weekly reversal stop. If long, use the 100 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 109.63 to 112 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.

    Stocks: GLD, SLV, FXE, FXB, FXA, MOO, DBA, SPY, UNG
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