Author Archives: pmontesdeoca

GOLD IS THE CANARY IN THE SILVER MINE

 

 

Summary

For next week, since silver is closing above the mean, it is bullish.

From here, it appears we have activated a buy signal on the close above $16.42.

For next week, since silver closed above the mean, it is bullish. The target is $16.66 to $16.92.

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Silver: Daily, Weekly, And Monthly Targets Completed

 

 

Summary

The silver market came back down to activate a daily short trigger from $16.61.

It also activated another short signal on a close below $16.40 with a goal of $16.18.

If we close below $16.19, we are activating a monthly short as well.

The market has accomplished the extremes above the mean and has gone beyond the extremes, which indicates the market is extremely overbought.

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E-MINI S&P 500 SPECIAL ALERT NEW HIGHS ARE POSSIBLE WITH PATRICK MONTESDEOCA

 

 

Summary
  • As I write this (7 AM May 14), the E-mini S&P has activated a buy signal at 2,832 with a stop using the 15-minute bar close at 2,829 or below.
  • Your target is 2,884.
  • The signal that went long at 2,832 is carrying a trailing stop now at 2,833.
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As we examine the Seeking Alpha E-mini S&P 500 Marketplace report we published on May 10, the price after the report was published came down below 2,884 and activated the extreme levels below the mean as we came into this week of 2,829 to 2,771.

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Silver: A Reversion Back To $16 Highly Probable Short Term!

 

Summary
  • Based on last week, silver is about to make an explosive move.
  • With the market closing below the 9-day moving average, which is VC PMI’s first filter, it tells us that we are coming into the week with a bearish trend momentum.
  • The VC PMI’s weekly average price (the second filter) is $14.89, so the artificial intelligence is telling us that the market is bullish coming into next week.
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This is a special weekly silver report

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Gold: Is The $1,300 Level Next?

Summary

The price momentum or average gold price is $1,283, and the market closing above it, activated the S1 of $1,298 and S2 of $1,306.

If we come back down below $1,299 after completion, you will probably be stopped out and go neutral.

If it goes down below $1,283, after making it up to the targets at S1 and S2, it would activate B1 of $1,274 and B2 of $1,260.

Looking Back

We published a report on Seeking Alpha on April 22, 2019, called “Special Gold Alert: Is the $1,456 Handle Possible in 2019?” In that report, we looked at price relationships in gold in the structure of the supply and demand levels that is identified by the Variable Changing Price Momentum Indicator (VC PMI) artificial intelligence. It identifies the average price and two levels above the average price, the sell 1 (S1) and sell 2 (S2) levels, and two extreme levels below the mean, which are the buy 1 (B1) and buy 2 (B2) levels. In the report, we said that $1,281 was the average price, and if the market came down below $,1281, it would activate the extreme levels below the mean.

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