Author Archives: pmontesdeoca

The Weekly VC Price Momentum Indicator – ETF’s, Futures Swing Trading Instructions weekly 8/26/2016

p_sprott

 

 

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

 

C OIL

 

WEEKLY SUMMARY

TREND MOMENTUM: 47.61 Bullish

PRICE MOMENTUM: 48.98 Bullish

PRICE INDICATOR

EXIT LONG:

  S2) 51.41

  S1) 50.19

EXIT SHORTS:

 B1) 47.77

 B2) 46.55

 

WEEKLY MOVING AVERAGES

The contract closed at 48.98 The market closing above the 9 SMA 47.61 is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing  at The VC Weekly Price Momentum Indicator of 48.98 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 47.76 – 46.55 levels and go long on a weekly reversal stop. If long, use the 46.55 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 50.20 – 51.41  levels during the week.

 

ES

 

WEEKLY SUMMARY

TREND MOMENTUM: 2140 Bullish

PRICE MOMENTUM: 2179 Bullish

PRICE INDICATOR

EXIT LONGS:

  2) 2204

  1) 2193

 

EXIT SHORTS:

 1) 2168

 2) 2154

WEEKLY MOVING AVERAGES

The contract closed at 2168 The market closing above the 9 SMA 2156  is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 2173 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 2154 – 2139 levels and go long on a weekly reversal stop. If long, use the 2139 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2188 – 2206 levels during the week.  

 

FFMGF

WEEKLY SUMMARY

TREND MOMENTUM: 0.79 Bearish

PRICE MOMENTUM: 0.73 Bullish

PRICE INDICATOR

EXIT LONGS:

 

  S2) 0.89

  S1) 0.83

 

EXIT SHORTS

    B1)  0.67

    B2) 0.57

 

WEEKLY MOVING AVERAGES

The contract closed at 0.76. The market closing below the 9 SMA 0.79  is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing at The VC Weekly Price Momentum Indicator of 0.73 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 0.67 – 57 levels and go long on a weekly reversal stop. If long, use the 0.57 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.83 – 0.89 levels during the week.  

 

MUX

 

WEEKLY SUMMARY

TREND MOMENTUM: 4.31 Bearish

PRICE MOMENTUM: 4.00 Bearish

PRICE INDICATOR

EXIT LONGS:

 

 2)  4.90

  1) 4.37

 

EXIT SHORTS

 

  • 3.47
  • 3.10

 

WEEKLY MOVING AVERAGES

The contract closed at 3.84 The market closing below the 9 SMA 4.31 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 4.00 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 3.47 – 3.10 levels and go long on a weekly reversal stop. If long, use the 3.10 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.37 – 4.90 levels during the week.  

 

JNUG

 

WEEKLY SUMMARY

TREND MOMENTUM: 26.91 Bearish

PRICE MOMENTUM: 22.26 Bearish

 

PRICE INDICATOR

EXIT LONGS:

     2) 32.04

     1) 26.25

EXIT SHORTS:

  • 16.47
  • 12.48

WEEKLY MOVING AVERAGES

The contract closed at 20.46 The market closing below the 9 SMA 26.91  is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 22.26 it confirms that the price momentum is bearish.  A close above  the VC Weekly, it would negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 16.47 – 12.48 levels  and go long on a weekly reversal stop. If long, use the 12.48 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 26.25 – 32.04 levels during the week.  

 

NUGT

 

WEEKLY SUMMARY

TREND MOMENTUM: 29.84 Bearish

PRICE MOMENTUM:  23.91 Bearish

 

PRICE INDICATOR

EXIT LONGS

  2) 32.62

  1) 27.25

EXIT SHORTS

    1) 18.54

    2) 15.20

WEEKLY MOVING AVERAGES

The contract closed at 21.88 The market closing bel0w the 9 SMA 29.84 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 23.91, it confirms that the price momentum is below.  A close above the VC Weekly, it would negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 18.54 – 15.20 levels and go long on a weekly reversal stop. If long, use the 15.20 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 27.25 – 32.62  levels during the week.  

 

USLV

 

WEEKLY SUMMARY

TREND MOMENTUM: 24.93 Bearish

PRICE MOMENTUM: 20.99 Bearish

PRICE INDICATOR

EXIT LONGS:

  2) 22.87

  1) 21.73

EXIT SHORTS

     1) 19.86

    2) 19.13

 

WEEKLY MOVING AVERAGES

The contract closed at 20.60. The market closing below the 9 SMA 24.93 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 20.99, it confirms that the price momentum is bearish.  A close above the VC Weekly, it would negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 19.86 – 19.13 levels and go long on a weekly reversal stop. If long, use the 19.13 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the  21.73 – 22.87 levels during the week.   

 

AGQ

 

WEEKLY SUMMARY

TREND MOMENTUM: 51.80 Bearish

PRICE MOMENTUM: 46.42 Bearish

PRICE INDICATOR:

EXIT LONGS:

  1) 49.06

  1) 47.51

EXIT SHORTS

     1) 44.86

    2)  43.78

 

WEEKLY MOVING AVERAGES

The contract closed at 45.95. The market closing below the 9 SMA 51.80 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 46.42, it confirms that the price momentum is bearish.  A close above the VC Weekly, it would negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 44.85 – 43.78 levels and go long on a weekly reversal stop. If long, use the 43.78 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 47.51 – 49 levels during the week.   

 

*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 herein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 

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

FaceBook: www.facebook.com/EMA2Trade

YouTube: Trading Talk

The Weekly VC Price Momentum Indicator Gold and Silver Futures Swings Report Trading Instructions August 26, 2016

p_sprott

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

 

GOLD

WEEKLY SUMMARY

TREND MOMENTUM:  1346 Bearish

PRICE MOMENTUM:   1332 Bearish

 

PRICE INDICATOR

EXIT LONGS:

    2 ) 1360

    1)  1343

 

EXIT SHORTS:

 

  • 1315
  • 1304

 

 

WEEKLY MOVING AVERAGES

The gold futures contract closed at 1325.90. The market closing below the 9 SMA 1346 is confirmation that the weekly trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below the VC Weekly Price Momentum Indicator of 1332, it confirms that the price momentum is bearish.  A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1315 – 1304, and go long on a weekly reversal stop. If long, use the 1304 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1343 – 1360 during the week.

 

SILVER

 

WEEKLY SUMMARY

 

TREND MOMENTUM: 19.78 Bearish

PRICE MOMENTUM: 18.78 Bearish

 

PRICE INDICATOR

EXIT LONGS:

    2) 19.59

    1) 19.12  

 

EXIT SHORTS:

 

  • 18.31
  • 17.97  

 

 

WEEKLY MOVING AVERAGES

The silver futures contract closed at 18.65. The market closing below the 9 SMA 19.78, is confirmation that the weekly trend momentum is bearish. A close below the 9 SMA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below the VC Weekly Price Momentum Indicator of 18.78 it confirms that the price momentum is bearish. A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 18.31 – 17.97, and go long on a weekly reversal stop. If long, use the 17.97 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 19.12 – 19.59 during the week.

 

 

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 herein constitutes a solicitation of the purchase or sale of any futures or options contracts.

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

Prudent Behavior During a Time of Ridiculous Predictions

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 In a recent podcast, Equity Management Academy trader and educator, Patrick MontesDeOca said, “Since the highs in gold back in July, we have seen a surge of tremendous propaganda pertaining to the gold and silver markets. Almost every gold bug out there has come out with extreme videos” anticipating “ridiculously” high gold and silver prices. He said, “A great deal of fear has been pumped into the markets” and “People seem to have gotten onto the fear bandwagon instead of relying on real information to invest.”

Conceding that we are “in an economic crisis,” MontesDeOca warned that we “really have to take a look at this crisis as a tremendous opportunity.” Since 2008, when he resigned from the financial system as a broker and analyst and became independent, he said, “I am in a far, far greater position.” He found the change difficult, since after more than 30 years he had to conclude that much of what he believed was false. However, he concluded that “Unless you are part of the corrupt system, you will find it very difficult to do anything” effectively within the system.

MontesDeOca argued that “corruption has reached an extreme” since the 2008 collapse, which shattered the foundation of Western economics. Today, the rhetoric coming out of the Fed and low-to-negative interest rates are “completely ridiculous.” He has struggled to “Find some kind of a logic that will make sense out of what Central Banks and the Fed are doing,” but has found no such logic for their failed policies. The Fed and Central Banks have been pumping money into the system for years and the situation continues to deteriorate.

MontesDeOca concluded, “There seems to be a concerted effort for interest rates globally to go negative.” He argued that economies grow when investors make a small percentage on a business, investment or on savings. That small difference over time leads to a growing net worth for individuals.

Today, Central Banks and governments are making it so there is no return on savings. MontesDeOca said, “Central Banks and governments want the right to use your money for free to pay off their debts. Negative interest rates show that governments are completely broke. Their only way out is to pump more money into the system, but the system that is broken. No matter how much money they pump into it, it will not recover.”

“We are in a crisis situation,” MontesDeOca argued, “but be careful that you aren’t caught up in this panic. That is when you get your head cut off. You have to do your homework. Take your time to validate information and don’t act impulsively. Do your research before you decide to take action.” He warned that “The internet is full of propaganda and 95% of it is garbage.”

Looking for a rational, measured approach to investing? The goal of the Equity Management Academy is to provide a select group of investors with the tools and information to invest wisely and well for the long-term in these tough economic times. For more information about the Academy and Patrick MontesDeOca, please email support@ema2trade.com

SILVER – CAPITULATION OR CONTINUATION SPECIAL REPORT

P_Silve_Kingr

 

GOLD AND SILVER SPECIAL WEEKLY VIDEO REPORT

 

Click HERE to see VIDEO REPORT 

In an August 24, 2016 podcast, Equity Management Academy trader and analyst Patrick MontesDeOca outlined the accuracy of an Academy report published in July 2015 and discussed how the Academy produces daily, weekly and monthly reports to advise their select group of subscribers on when to enter and exit the precious metals markets.

In the July 2015 report (available at ema2trade.com), MontesDeOca anticipated a major top in JNUG (a gold mining shares ETF), which was reached in August of 2016 when it reached $323. Many of the Academy’s subscriber could then lock in their profits after achieving what MontesDeOca called “Phenomenal results.”

The July 2015 report also forecast $1,350 gold, which was reached on August 3, 2016.

MontesDeOca also discussed an August 12 report, “A Perfect Storm of Opportunity,” published when silver was trading at about $20.47. The report was accurate in predicting a high for silver, which was reached on July 5 at $21.22.

The Academy also publishes daily reports. MontesDeOca discussed the August 19 gold and silver report, which specified to exit shorts in silver between $18.99 and $18.65. The last price for silver today was $18.65, so, he said, “We have completed our downside targets.” The report recommended taking “profits on shorts into corrections.” It also specified when to go long with specific entry points.

In conclusion, MontesDeOca said, “We have met all our upside targets set in our July 2015 report.” He said, “We have come down to a corrective level,” which is “a major level of support.”

The Academy’s daily, weekly and monthly reports tell subscribers specifically when to buy, sell and hold. He discussed in-depth the use of daily, weekly and monthly harmonics to determine when to buy and sell by using the proprietary VC Price Momentum Indicator, which produces clear, color-coded charts for subscribers.

For more information about the Academy and Patrick MontesDeOca or to find out if you qualify to become a member of the Equity Management Academy, please email support@ema2trade.com or call 805-418-1744.

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:http://facebook.com/EMA2Trade

  YouTube: Trading Talk

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.

 

 

The Weekly VC Price Momentum Indicator ETFs, Stocks & Futures Swings Report Trading Instructions August 19, 2015

p_sprott

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

C OIL

WEEKLY SUMMARY

TREND MOMENTUM: 46.74 Bullish

PRICE MOMENTUM: 47.22 Bullish

PRICE INDICATOR

EXIT LONG:

  S2) 51.59

  S1) 50.05

EXIT SHORTS:

 B1) 45.68

 B2) 42.85

WEEKLY MOVING AVERAGES

The contract closed at 48.52 The market closing below the 9 SMA 46.74 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing  above The VC Weekly Price Momentum Indicator of 47.22 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 45.68 – 42.85 levels and go long on a weekly reversal stop. If long, use the 42.85 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 50.05 – 51.58  levels during the week.

ES

WEEKLY SUMMARY

TREND MOMENTUM: 2140 Bullish

PRICE MOMENTUM: 2179 Bullish

PRICE INDICATOR

EXIT LONGS:

  2) 2204

  1) 2193

EXIT SHORTS:

 1) 2168

 2) 2154

WEEKLY MOVING AVERAGES

The contract closed at 2182 The market closing above the 9 SMA 2140  is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 2179 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 2168 – 2154 levels and go long on a weekly reversal stop. If long, use the 2154 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2193 – 2204 levels during the week.  

FFMGF

WEEKLY SUMMARY

TREND MOMENTUM: 0.77 Bullish

PRICE MOMENTUM: 0.77 Bullish

PRICE INDICATOR

EXIT LONGS:

  S2) 0.92

  S1) 0.85

EXIT SHORTS

    B1)  0.70

    B2) 0.62

WEEKLY MOVING AVERAGES

The contract closed at 0.77. The market closing at the 9 SMA 0.77  is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing at The VC Weekly Price Momentum Indicator of 0.77 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 0.70 – 0.62 levels and go long on a weekly reversal stop. If long, use the 0.62 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.85 – 0.92 levels during the week.  

MUX

WEEKLY SUMMARY

TREND MOMENTUM: 4.28 Bullish

PRICE MOMENTUM: 4.57 Bullish

PRICE INDICATOR

EXIT LONGS:

 2)  5.03

  1) 4.80

EXIT SHORTS

  • 4.34
  • 4.11

WEEKLY MOVING AVERAGES

The contract closed at 4.57 The market closing above the 9 SMA 4.28 is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing at The VC Weekly Price Momentum Indicator of 4.57 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 4.34 – 4.11 levels and go long on a weekly reversal stop. If long, use the 4.11 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.80 – 5.03 levels during the week.  

JNUG

WEEKLY SUMMARY

TREND MOMENTUM: 267 Bullish

PRICE MOMENTUM: 294 Bearish

PRICE INDICATOR

EXIT LONGS:

     2) 332

     1) 310

EXIT SHORTS:

  • 272
  • 2.56

WEEKLY MOVING AVERAGES

The contract closed at 287 The market closing above the 9 SMA 267  is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 294 it confirms that the price momentum is bullish.  A close above  the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 272 – 256 levels  and go long on a weekly reversal stop. If long, use the 2.56 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 309 – 332 levels during the week.  

NUGT

WEEKLY SUMMARY

TREND MOMENTUM: 145 Bullish

PRICE MOMENTUM:  166 Bullish

PRICE INDICATOR

EXIT LONGS

  2) 192.10

  1) 179.54

EXIT SHORTS

    1) 153.86

    2) 140.74

WEEKLY MOVING AVERAGES

The contract closed at 166.98 The market closing above the 9 SMA 145 is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 166.42, it confirms that the price momentum is bullish.  A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 153.86 – 140.74 levels and go long on a weekly reversal stop. If long, use the 140.74 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 179.54 – 192.10  levels during the week.  

USLV

WEEKLY SUMMARY

TREND MOMENTUM: 24.72 Bullish

PRICE MOMENTUM: 24.44 Bullish

PRICE INDICATOR

EXIT LONGS:

  2) 26.88

  1) 25.80

EXIT SHORTS

     1) 23.36

    2) 22

WEEKLY MOVING AVERAGES

The contract closed at 24.85. The market closing at the 9 SMA 24.72 is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 24.44, it confirms that the price momentum is bullish.  A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 23.36 – 22 levels and go long on a weekly reversal stop. If long, use the 22 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the  25.80 – 26.88 levels during the week.   

AGQ

WEEKLY SUMMARY

TREND MOMENTUM: 51.44 Bearish

PRICE MOMENTUM: 52.40 Bearish

PRICE INDICATOR:

EXIT LONGS:

  1) 53.83

  1) 51.57

EXIT SHORTS

     1) 48.14

    2)  46.97

WEEKLY MOVING AVERAGES

The contract closed at 49.32. The market closing below the 9 SMA 51.44 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 50.40, it confirms that the price momentum is bearish.  A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 48.15 – 46.97 levels and go long on a weekly reversal stop. If long, use the 46.97 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 51.58 – 53.83 levels during the week.   

*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 herein constitutes a solicitation of the purchase or sale of any futures or options contracts.

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
FaceBook: www.facebook.com/EMA2Trade
YouTube:
Trading Talk

 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.

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