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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 Weekly Price Indicator: Futures Swing Trading Instructions - 8/9/2013 0 comments
    Aug 10, 2013 3:35 PM | about stocks: GLD, SLV, GDX, FXB, FXE, FXA, SPY, MOO, DBA

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

    GOLD

    The August gold futures contract closed 1314. The market closing above the 9 day MA (1298) 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 1302, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1284 to 1254 levels and go long on a weekly reversal stop. If long, use the 1254 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1332 to 1350 levels during the week.

    SILVER

    The Sep Silver futures contract closed at 20.51. The market closing above the 9 day MA (20) 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 20.06, it confirms that the price momentum is bullish.

    Cover short on corrections at the 19.55 to 18.58 levels and go long on a weekly reversal stop. If long, use the 18.58 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 21.03 to 21.54 levels during the week.

    B POUND

    The B Pound - PA Index contract closed at 155.02. The market closing above the 9 day MA (153.10) 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 154.65 it confirms that the price momentum is bullish.

    Cover short on corrections at the 153.57 to 152.13 levels and go long on a weekly reversal stop. If long, use the 152.13 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 156.10 and 157.19 levels during the week.

    EURO

    The Euro - PA Index contract closed at 133.44. The market closing above the 9 day MA (132) 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 133.25, it confirms that the price momentum is bullish.

    Cover short on corrections at the 132.51 to 131.59 levels and go long on a weekly reversal stop. If long, use the 131.59 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 134.18 to 134.93. levels during the week.

    AUSTRALIAN DOLLAR

    The Australian dollar - PA Index contract closed at 92.13. The market closing above the 9 MA (91.86) 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 91.04, it confirms that the price momentum is bullish.

    Cover shorts on corrections at the 89.93 to 87.74 levels and go long on a weekly reversal stop. If long, use the 87.74 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 93.23 to 94.34 levels during the week.

    E MINI S&P 500

    The Sep E Mini futures contract closed at 1.685. The market closing below the 9 day MA (1.690) 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 1.690, it confirms that the price momentum is bearish.

    Cover short on corrections at the 1.6757 to 1.666 levels and go long on a weekly reversal stop. If long, use the 1.666 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.700 to 1.714 levels during the week.

    SOYBEANS

    The Nov Soybeans futures contract closed at 11.82. The market closing below the 9 day MA (12.41) 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 11.79, it confirms that the price momentum is bearish.

    Cover short on corrections at the 11.65 to 11.48 levels and go long on a weekly reversal stop. If long, use the 11.48 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 11.96 to 12.11 levels during the week.

    CRUDE OIL

    The August Crude Oil contract closed at 105.92. The market closing above the 9 MA (102.58) 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 105.27, it confirms that the price momentum is bulish.

    Cover shorts on corrections at the 110.75 to 102.83 levels and go long on a weekly reversal stop. If long, use the 102.83 to 99.81 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 108.33 to 110.75 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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