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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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Vedic Codes of the Stock Market Volume 3 – ETFS
  • Golden Eagle Futures Swing Trading Instructions - Weekly - 12/29/2012 0 comments
    Dec 30, 2012 2:45 PM | about stocks: GLD, GDX, SLV, PSLV, AGQ

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

    GOLD
    The February electronic gold contract closed at 1664. The market closing below the 40 day MA is confirmation that the trend momentum remains bearish. With the market closing above the VC Weekly Price Momentum Indicator of 1660, it confirms that the price momentum is turning bullish. Look to take some profits, if long, as we reach the 1669 and 1.674 levels during the week. Buy corrections at the 1656 and 1648 levels to cover shorts and go long on a weekly reversal stop. If long, use the 1648 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SILVER
    The silver contract closed at 30.24. The market closing below the 40 MA is confirmation that the trend momentum remains bearish. With the market closing below the VC Weekly Price Momentum Indicator of 30.61, it confirms that the price momentum is bearish. Look to take some profits, if long, as we reach the 30.61 and 30.98 levels during the week. Buy corrections at the 29.79 and 29.35 levels to cover shorts and go long on a weekly reversal stop. If long, use the 29.35 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    B POUND
    The B Pound contract closed at 1.6106. The market closing above the 40 MA is confirmation that the trend momentum is bullish. With the market closing below the VC Weekly Price Momentum Indicator of 1.6124, it confirms that the price momentum is bearish. Look to take some profits, if long, as we reach the 1.618 and 1.626 levels during the week week. Buy corrections at the 1.605 and 1.599 levels to cover shorts and go long on a weekly reversal stop. If long, use the 1.599 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    EURO-CURRENCY
    The eurocurrency contract closed at 1.3249. The market closing above the 9, 18 and 40 MA is confirmation that the trend momentum is bullish. With the market closing below the VC Weekly Price Momentum Indicator of 1.3252, it confirms that the price momentum is remains bearish. Look to take some profits, if long, as we reach the 1.3292 and 1.3334 levels during the week. Buy corrections at the 1.3210 to 1.3170 levels to cover shorts and go long on a weekly reversal stop. If long, use the 1.3170 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 1.411. The market closing above the 40 MA is confirmation that the trend momentum remains bullish. With the market closing above the VC Weekly Price Momentum Indicator of 1.409, it confirms that the price momentum is bullish. Look to take some profits, if long, as we reach the 1.421 to 1.431 levels during the week. Buy corrections at the 1.399 to 1.386 levels to cover shorts and go long on a daily reversal stop. If long use the 1.366 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    SOYBEANS
    The soybeans contract closed at 14.19. The market closing below the 40 MA is confirmation that the trend momentum bearish. With the market closing below the VC Weekly Price Momentum Indicator of 14.32, it confirms that the price momentum is bearish. Look to take some profits, if long, as we reach the 14.32 and 14.45 levels during the week. Buy corrections at the 14.11 and 14.02 levels to cover shorts and go long on a daily reversal stop. If long use the 14.02 level as a SCO/GTC (Stop Close Only and Good Till Cancelled order).

    CORN
    The corn contract closed at 6.92. The market closing below the 40 MA is confirmation that the trend momentum is bearish. With the market closing below the VC Weekly Price Momentum Indicator of 6.92, it confirms that the price momentum is bearish. Look to take some profits, if long, as we reach the 6.95 to 6,98 levels during the week. Buy corrections at the 6.89 to 6.86 levels to cover shorts and go long on a daily reversal stop. If long, use the 6.86 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.

    Stocks: GLD, GDX, SLV, PSLV, AGQ
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