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Patrick MontesDeOca
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Published Technical Analyst, Author, Commodity Trader, Systems Developer, Algorithmic Intelligence, Computer Modeling of Processes. I custom build Proprietary Artificial Intelligence for each individual client's portfolio needs. After more 30 years in the business, Patrick MontesDeOca has... More
My company:
Equity Management Academy
My blog:
Trading Talk
My book:
Vedic Codes of the Stock Market Volume 3 – ETFS
  • Golden Eagle Futures Swing Trading Instructions  0 comments
    Nov 24, 2012 10:06 PM | about stocks: GLD, SLV, AGQ, GDX, AG, SLW

    Golden Eagle Futures Swing Trading InstructionsPrepared by Equity Management Academy
    www.ema2trade.com

    11/23/2012

    Signals are automatically generated by integrating electronic prices and daily statistics with proprietary algorithms.

    GOLD
    The December gold electronic contract closed at 1752. The 52-week Range is: 1535 - 1800. The market closing above the daily 9, 18 and 40 day MA is confirmation the short-term, intermediate and long-term trend momentum is bullish. With the market closing above the VC Daily Price Momentum Indicator of 1745, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 1762 and 1772 levels early next week. If stops are taken out here, we could see a rally up to the 1800 weekly resistance levels. Buy corrections at the 1735 to 1717 levels to cover shorts and go long on a daily reversal stop. If long use the 1717 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SILVER
    The December silver electronic contract closed at 34.12. The 52-week Range is: 26.215 - 37.65. The market closing above the daily 9, 18 and 40 day MA is confirmation the short-term, intermediate and long-term trend momentum is bullish. With the market closing above the VC Daily Price Momentum Indicator of 33.84, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 34.44 and 34.76 levels early next week. If stops are taken out here, we could see a rally up to the 35 weekly resistance levels. Buy corrections at the 33.52 to 32.92 levels to cover shorts and go long on a daily reversal stop. If long use the 32.92 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    B POUND
    The December B Pound electronic contract closed at 1.604. The 52-week Range is: 1.5352 - 1.6304. The market closing above the daily 9, 18 and 40 day MA is confirmation the short-term, intermediate and long-term trend momentum is bullish. With the market closing above the VC Daily Price Momentum Indicator of 1.60, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 1.6088 and 1.6133 levels early next week. If stops are taken out here, we could see a rally up to the 1.6173 weekly resistance levels. Buy corrections at the 1.5962 to 1.5881 levels to cover shorts and go long on a daily reversal stop. If long use the 1.5881 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    EURO-CURRENCY
    The December eurocurrency electronic contract closed at 1.2990. The 52-week Range is: 1.2069 - 1.3491. The market closing above the daily 9, 18 and 40 day MA is confirmation the short-term, intermediate and long-term trend momentum is bullish. With the market closing above the VC Daily Price Momentum Indicator of 1.2937, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 1.3045 and 1.3101 levels early next week. If stops are taken out here, we could see a rally up to the 1.3147 weekly resistance levels. Buy corrections at the 1.2881 to 1.2773 levels to cover shorts and go long on a daily reversal stop. If long use the 1.2773 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    E-MINI S&P 500
    The December E-Mini S&P 500 electronic contract closed at 1.405. The 52-week Range is: 1.16925 - 1.468. The market closing above the daily 9 and 18 day MA is confirmation the short-term to intermediate trend momentum is bullish. With the market closing above the VC Daily Price Momentum Indicator of 1.400, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 1.413 and 1.420 levels early next week. If stops are taken out here, we could see a rally up to the 1.4432 weekly resistance levels. Buy corrections at the 1.393 to 1.380 levels to cover shorts and go long on a daily reversal stop. If long use the 1.380 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SOYBEANS
    The November soybeans electronic contract closed at 14.127. The 52-week Range is: 11.28 - 17.81. The market closing above the daily 9, day MA is confirmation the short-term trend momentum is short-term bullish. With the market closing below the VC Daily Price Momentum Indicator of 14.21, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 14.23 and 14.29 levels early next week. If stops are taken out here, we could see a rally up to the 14.52 weekly resistance levels. Buy corrections at the 14.15 to 14.13 levels to cover shorts and go long on a daily reversal stop. If long use the 14.13 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    CORN
    The March corn electronic contract closed at 7.45. The 52-week Range is: 4.99 - 8.99. The market closing above the daily 9, 18 and 36 day MA is confirmation the short-term, intermediate and long-term trend momentum is bullish. With the market closing above theVC Daily Price Momentum Indicator of 7.45, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 7.48 - 752 levels early next week. If stops are taken out here, we could see a rally up to the 7.75 weekly resistance levels. Buy corrections at the 7.43 to 7.39 levels to cover shorts and go long on a daily reversal stop. If long use the 7.39 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Patrick MontesDeOca

    Equity Management Academy

    Toll Free: 877-733-1511
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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: 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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