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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
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Trading Talk
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Vedic Codes of the Stock Market Volume 3 – ETFS
  • Golden Eagle Stocks, Precious Metals ETF's Swing Trading Instructions - Weekly - 12/28/2012  0 comments
    Dec 30, 2012 12:30 PM | about stocks: GLG, GDX, SLV, AGQ, SPY

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

    AGQ
    The ETF contract closed at 43.42. 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 45.54, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 44.41 and 45.39 levels during the week. Buy corrections at the 45.56 to 41.69 levels to cover shorts and go long on a daily reversal stop. If long use the 41.69 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SLV
    The ETF contract closed at 29.10. 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 29.15, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 29.45 and 29.73 levels during the week. Buy corrections at the 28.81 to 28.51 levels to cover shorts and go long on a daily reversal stop. If long use the 28.51 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    GDX
    The ETF contract closed at 44.93. 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, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 45.83 and 46.72 levels during the week week. Buy corrections at the 44.11 to 43.28 levels to cover shorts and go long on a daily reversal stop. If long use the 43.28 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    GLD
    The ETF contract closed at 160.54. The market closing below the 50 MA is confirmation trend momentum is bearish. With the market closing below the VC Weekly Price Momentum Indicator of 160.69, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 161.34 and 162.13 levels during the week. Buy corrections at the 159.90 to 159.25 levels to cover shorts and go long on a daily reversal stop. If long use the 159.25 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SPY
    The ETF contract closed at 140.33. 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 142.97, it confirms the price momentum is bearish. Look to take some profits, if long, as we reach the 142.07 and 143.81 levels during the week. Buy corrections at the 139.23 to 138.13 levels to cover shorts and go long on a daily reversal stop. If long use the 138.13 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    Patrick MontesDeOca

    Equity Management Academy

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    *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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: GOLD AND SILVER Stocks: GLG, GDX, SLV, AGQ, SPY
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