Seeking Alpha

tbird112078's  Instablog

tbird112078
Send Message
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
My company:
Equity Management Academy
My blog:
  • The VC Weekly Price Indicator Weekly 8/23/2013 0 comments
    Aug 24, 2013 10:19 PM | about stocks: GLD, SLV, SPY, FXE, FXB, FXA, MOO, DBA

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

    GOLD

    The August gold futures contract closed at 1.396 . The market closing above the 18 day MA (1355) 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 1382 it confirms that the price momentum is bullish.

    Cover short on corrections at the 1365 to 1333 levels and go long on a weekly reversal stop. If long, use the 1333 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1414 to 1431 levels during the week.

    SILVER

    The Sep Silver futures contract closed at 24.05. The market closing above the 18 day MA (21.57) 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 23.48, it confirms that the price momentum is bullish.

    Cover short on corrections at the 22.85 and 21.65 levels and go long on a weekly reversal stop. If long, use the 21.65 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 24.68 to 22.85 levels during the week.

    B POUND

    The B Pound - PA Index contract closed at 155.70. The market closing above the 18 day MA (153.58) 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 156.09 it confirms that the price momentum is bullish.

    Cover short on corrections at the 155 to 154.3 levels and go long on a weekly reversal stop. If long, use the 154.3 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 156.79 to 157.88 levels during the week.

    EURO

    The Euro - PA Index contract closed at 133.84. The market closing above the 18 day MA (131.07) 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 133.82, it confirms that the price momentum is bullish.

    Cover short on corrections at the 133.18 to 132.41 levels and go long on a weekly reversal stop. If long, use the 132.41 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 134.54 to 135.23. levels during the week.

    AUSTRALIAN DOLLAR

    The Australian dollar - PA Index contract closed at 90.35. The market closing below the 18 MA (94.43) is confirmation that the trend momentum is bearish. A close above the 18 MA would negate the weekly bearish trend to neutral.

    With the market closing below the VC Weekly Price Momentum Indicator of 90.53, it confirms that the price momentum is bearish.

    Cover shorts on corrections at the 89.50 to 88.65 levels and go long on a weekly reversal stop. If long, use the 88.65 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 91.38 to 92.41 levels during the week.

    E MINI S&P 500

    The Sep E Mini futures contract closed at 1.661. The market closing below the 9 day MA (1.663) 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 1.652, it confirms that the price momentum is bullish.

    Cover short on corrections at the 1.641 and 1.621 levels and go long on a weekly reversal stop. If long, use the 1.621 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.672 and 1.683 levels during the week.

    SOYBEANS

    The Nov Soybeans futures contract closed at 13.28. The market closing above the 18 day MA (12.51) 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 13.11, it confirms that the price momentum is bearish.

    Cover short on corrections at the 12.90 to 12.52 levels and go long on a weekly reversal stop. If long, use the 12.52 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.90 to 12.52 levels during the week.

    CRUDE OIL

    The August Crude Oil contract closed at 106.32. The market closing above the 9 MA (104.27) 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 105.80, it confirms that the price momentum is bulish.

    Cover shorts on corrections at the 104.01 to 101.71 levels and go long on a weekly reversal stop. If long, use the 101.71 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits, if long, as we reach the 108.11 109.91 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.

Back To tbird112078's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.