Seeking Alpha

Patrick MontesD...'s  Instablog

Patrick MontesDeOca
Send Message
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 - 12/21/2012 To 12/27/2012 0 comments
    Dec 22, 2012 10:57 PM | about stocks: AGQ, SLV, GLD, GDX, SPY

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

    AGQ
    The ETF contract closed at 43.14. The market closing below the 50, 200 MA is confirmation the trend momentum is bearish. With the market closing below the VC Weekly Price Momentum Indicator of 45.24, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 48.44 and 53.74 levels during the week. Buy corrections at the 39.94 to 36.74 levels to cover shorts and go long on a daily reversal stop. If long use the 36.74 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SLV
    The ETF contract closed at 29. The market closing above the 200 MA is confirmation the trend momentum remains bullish. With the market closing below the VC Weekly Price Momentum Indicator of 29.67, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 30.69 and 32.80 levels during the week. Buy corrections at the 27.98 to 26.96 levels to cover shorts and go long on a daily reversal stop. If long use the 26.96 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    GDX
    The ETF contract closed at 45.18. The market closing below the 50, 200 MA is confirmation the trend momentum is bearish. With the market closing below the VC Weekly Price Momentum Indicator of 45.35, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 46.53 to 47.88 levels during the week week. Buy corrections at the 43.99 to 42.81 levels to cover shorts and go long on a daily reversal stop. If long use the 42.81 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    GLD
    The ETF contract closed at 160.33. The market closing above the 200 MA is confirmation trend momentum remains bullish. With the market closing below the VC Weekly Price Momentum Indicator of 161.11, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 163.84 to 167.43 levels during the week. Buy corrections at the 157.61 to 154.88 levels to cover shorts and go long on a daily reversal stop. If long use the 154.88 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SPY
    The ETF contract closed at 142.79. The market closing above the 50 and 200 MA is confirmation the trend momentum is bullish. With the market closing below the VC Weekly Price Momentum Indicator of 142.92, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 144.42 to 146.03 levels during the week. Buy corrections at the 141.30 to 139.80 levels to cover shorts and go long on a daily reversal stop. If long use the 139.80 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Patrick MontesDeOca

    Equity Management Academy

    Toll Free: 877-733-1511
    Ph: 805-418-1744 Main
    E-Fax: 310-281-6919
    Email: support@EMA2Trade.com
    Twitter: https://twitter.com/EMA2Trade
    Live Video Chat: Click HERE
    FaceBook: www.facebook.com/EMA2Trade
    YouTube: Trading Talk

    *Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

    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: precious metals Stocks: AGQ, SLV, GLD, GDX, SPY
Back To Patrick MontesDeOca's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • agq
    Mar 31, 2013
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.