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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 Stocks, ETF's Swing Trading Instructions - Weekly - 11/30/2012 0 comments
    Dec 2, 2012 2:41 PM | about stocks: GLD, AGQ, GDX, SLV

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

    AGQ
    The ETF contract closed at 56.60. The market closing above the 50 MA is confirmation the trend momentum is bullish. With the market closing above the VC Weekly Price Momentum Indicator of 56.47, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 56.53 and 59.22 levels during the week. Buy corrections at the 55.78 and 49.72 levels to cover shorts and go long on a daily reversal stop. If long use the 49.72 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SLV
    The ETF contract closed at 32.36. The market closing above the 50 MA is confirmation the trend momentum is bullish. With the market closing below the VC Weekly Price Momentum Indicator of 32.53, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 33.14 and 33.93 levels during the week. Buy corrections at the 31.74 to 31.13 levels to cover shorts and go long on a daily reversal stop. If long use the 31.13 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    GDX
    The ETF contract closed at 47.45. The market closing below the 50 and 200 MA is confirmation the trend momentum is bearish. With the market closing below the VC Weekly Price Momentum Indicator of 47.48, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 48.72 and 49.98 levels during the week week. Buy corrections at the 46.21 to 44.98 levels to cover shorts and go long on a daily reversal stop. If long use the 44.98 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    GLD
    The ETF contract closed at 1.6605. The market closing above the 50 MA is confirmation trend momentum remains bullish. With the market closing below the VC Weekly Price Momentum Indicator of 1.6705, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 1.6873 and 1.7140 levels during the week. Buy corrections at the 1.6438 to 1.7140 levels to cover shorts and go long on a daily reversal stop. If long use the 1.7140 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SPY
    The ETF contract closed at 141.15. The market closing above the 50 MA is confirmation the trend momentum is bullish. With the market closing above the VC Weekly Price Momentum Indicator of 141.22, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 143.44 and 144.73 levels during the week. Buy corrections at the 139.93 to 137.10 levels to cover shorts and go long on a daily reversal stop. If long use the 137.10 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Patrick MontesDeOca

    Equity Management Academy

    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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