ETFs Weekly Swing Trading Instructions

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June 18, 2013 1:24pm NYSE:AGQ NYSE:SLV

buy-and-hold: Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.


AGQ

The ETF contract closed at 21.75. The market closing below the 9 day MA (23.50) 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 21.47, it confirms that the price momentum is bullish.

Look to take some profits on longs, as we reach the 22.25 and 22.78 levels during the week. Cover short on corrections at the 20.96 to 20.18 and reverse and go long on a weekly reversal stop. If long, use the 28.18 level as a Stop Close Only and Good Till Cancelled order.

SLV

The ETF contract closed at 21.33. The market closing below the 9 day MA (22.05) 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 21.16, it confirms that the price momentum is bullish.

Look to take some profits on longs, as we reach the 21.57 and 21.80 levels during the week. Cover short on corrections at the 20.93 to 20.52 and reverse and go long on a weekly reversal stop. If long, use the 20.52 level as a Stop Close Only and Good Till Cancelled order.

GLD

The ETF contract closed at 134.43. The market closing below the 9 day MA (136.06) 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 133.83, it confirms that the price momentum is bullish.

Look to take some profits on longs, as we reach the 135.43 and 136.42 levels during the week. Cover short on corrections at the 132.84 to 131.24 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.

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.

Look to take some profits on longs, as we reach the 165.29 and 167.40 levels during the week. 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.

ZSL

The ETF contract closed at 82.52. The market closing above the 9 day MA (78.61) 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.

Look to take some profits on longs, as we reach the 85.85 and 89.17 levels during the week. 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.

 

This article is brought to you courtesy of Patrick MontesDeOca from Equity Management Academy.


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