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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
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Equity Management Academy
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Trading Talk
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Vedic Codes of the Stock Market Volume 3 – ETFS
  • Golden Eagle Stocks, ETF's Swing Trading Instructions - Weekly - 12/14/2012 To 12/21/2012 0 comments
    Dec 16, 2012 9:11 PM | about stocks: AGQ, SLV, GDX, GLD, SPY

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

    AGQ
    The ETF contract closed at 49.88. 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 51.59, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 53.29 and 56.71 levels during the week. Buy corrections at the 48.71 to 46.47 levels to cover shorts and go long on a daily reversal stop. If long use the 46.47 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SLV
    The ETF contract closed at 31.17. 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 31.68, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 32.20 and 33.24 levels during the week. Buy corrections at the 30.64 to 30.12 levels to cover shorts and go long on a daily reversal stop. If long use the 30.12 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    GDX
    The ETF contract closed at 46.48. The market closing below the 40 MA is confirmation the trend momentum is bearish. With the market closing below the VC Weekly Price Momentum Indicator of 46.80, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 47.64 and 48.80 levels during the week week. Buy corrections at the 45.64 and 44.80 levels to cover shorts and go long on a daily reversal stop. If long use the 44.80 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    GLD
    The ETF contract closed at 165.65. The market closing below the 40 MA is confirmation trend momentum is bearish. With the market closing above the VC Weekly Price Momentum Indicator of 165.48, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 165.83 and 166.02 levels during the week. Buy corrections at the 165.29 to 164.94 levels to cover shorts and go long on a daily reversal stop. If long use the 161.37 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SPY
    The ETF contract closed at 142.11. The market closing above the 40 MA is confirmation the trend momentum is bullish. With the market closing above the VC Weekly Price Momentum Indicator of 142.85, it confirms the price momentum is bullish. Look to take some profits, if long, as we reach the 143.81 and 145.52 levels during the week. Buy corrections at the 141.14 and 140.18 levels to cover shorts and go long on a daily reversal stop. If long use the 140.18 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Patrick MontesDeOca

    Equity Management Academy

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    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.

    Themes: Metals Stocks, ETF's Stocks: AGQ, SLV, GDX, GLD, SPY
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