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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 - Weekly -12/14/2012 To 12/21/2012 0 comments
    Dec 16, 2012 1:12 PM | about stocks: AG, FXE, SLV, GLD, FXB, SPY

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

    GOLD
    The gold contract closed at 1698. The market closing above the 40 day MA is confirmation the trend momentum remains bullish. With the market closing below the VC Weekly Price Momentum Indicator of 1704, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 1718 and 1739 levels during the week. Buy corrections at the 1684 to 1670 levels to cover shorts and go long on a weekly reversal stop. If long use the 1670 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SILVER
    The silver contract closed at 32.37. The market closing above 40 MA is confirmation the trend momentum remains bullish. With the market closing below the VC Weekly Price Momentum Indicator of 32.81, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 33.37 and 34.45 levels during the week. Buy corrections at the 31.73 to 31.17 levels to cover shorts and go long on a weekly reversal stop. If long use the 31.17 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    B POUND
    The B Pound contract closed at 1.6160. The market closing above the 9, 18 and 40 MA is confirmation the trend momentum is bullish. With the market closing above the VC Weekly Price Momentum Indicator of 1.6125, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 1.6241 and 1.6317 levels during the week week. Buy corrections at the 1.6049 to 1.5933 levels to cover shorts and go long on a weekly reversal stop. If long use the 1.5933 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    EURO-CURRENCY
    The eurocurrency contract closed at 1.3170. The market closing above the daily 9, 18 and 40 day MA is confirmation trend momentum is bullish. With the market closing above the VC Weekly Price Momentum Indicator of 1.3086, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 1.3271 and 1.3372 levels during the week. Buy corrections at the 1.2985 to 1.28 levels to cover shorts and go long on a weekly reversal stop. If long use the 1.28 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    E-MINI S&P 500
    The E-Mini S&P 500 contract closed at 1.409. The market closing above the 40 MA is confirmation the trend momentum remains bullish. With the market closing below the VC Weekly Price Momentum Indicator of 1.2986, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 1.426 and 1.443 levels during the week. Buy corrections at the 1.398 to 1.387 levels to cover shorts and go long on a daily reversal stop. If long use the 1.387 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SOYBEANS
    The soybeans contract closed at 14.91. The market closing above the 40 day MA is confirmation the trend momentum remains bullish. With the market closing above the VC Weekly Price Momentum Indicator of 14.78, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 15.05 and 15.18 levels during the week. Buy corrections at the 14.65 to 14.38 levels to cover shorts and go long on a daily reversal stop. If long use the 14.38 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    CORN
    The corn contract closed at 7.31. The market closing above the 40 day MA is confirmation the trend momentum remains bullish. With the market closing above the VC Weekly Price Momentum Indicator of 7.27, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 7.40 and 7.48 levels during the week. Buy corrections at the 7.19 to 7.06 levels to cover shorts and go long on a daily reversal stop. If long use the 7.06 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Patrick MontesDeOca

    Equity Management Academy

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