Author Archives: pmontesdeoca

SILVER $18 HANDLE COMING UP

 

Patrick MontesDeOca, CEO of the Equity Management Academy, discussed moves in the silver market this week that were accurately predicted last weekend by the Academy’s proprietary VC Price Momentum Indicator.

In a January 13 Academy report, MontesDeOca set out specific positions to take based on the proprietary VC Price Momentum algorithms. The weekly report on the 13th stated that the gold market, after closing at $1196, was “Bullish.”

MontesDeOca said, “Gold pretty much went through the [report’s] first target of $1211 and up to the second target of $1227.”

Turning to the silver market, MontesDeOca said that on Friday the silver futures contract closed at $16.76. He said, “With the market closing above the 9-day moving average of $16.48, the market is bullish. The algorithm also tells you that if it closes below $16.48, that this signal would be negated and the market would go to neutral.”

Based on the weekly VC Price Momentum Indicator, the weekly average silver price is $16.74. Silver closed above $16.74, which, MontesDeOca said, “Told us the price momentum is bullish.” If silver closes below $16.74, “the energy will change,” negating the bullish signal.

“The market has continued to move up after testing the lows,” MontesDeOca said, “and we’ve seen $16.7450.” The market is moving into the mean weekly price of $16.74.

 In last Saturday’s report he recommended that if his subscribers are long, to take profits at $17.04 to $17.31. The high yesterday was $17.36. MontesDeOca said, “It met the target of $17.31 and we recommended our clients take some profits. 

We published a report on the 11th stating that the weekly upswing had been completed.”

Where are we now?

MontesDeOca said, “We have come down from a high of $17.36 and we’re looking at a substantial correction in the past couple of days.” That movement activated demand. If silver closes above $16.74, it will activate a weekly buy signal. A close above $16.93 would activate a daily buy signal.

MontesDeOca said, “We are beginning to see the market turning, and we recommended at the open this morning that our subscribers cover any short positions that they have.”

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

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 stock, futures or options contracts.

GOLD – WEEKLY UPSWING COMPLETED

 

 

For more information on the the criteria to join the Academy’s select group of investors, please call 805-418-1744 or email support@ema2trade.com.

Major Long-Term Upside Breakout in JNUG

In a report Patrick MontesDeOca,today, January 5, 2017,  CEO of the Equity Management Academy, predicted a “major, major breakout” in Direxion Daily Junior Gold Miners Bull 3X ETF (JNUG) shares.

“We have clear signals,” MontesDeOca said, “of potentially a truly remarkable trade.”

MontesDeOca tracks the 9-day moving average for short-term trend identification. The market, he said, has moved above that average, “giving us a very clear buy signal.”

Reinforcing that trend is the use of Fibonacci numbers. “We use the Fibonacci retracement from the high back on August 29 to the recent low on December 19, and what we see is once again a trending pattern that projects the 23.6% Fibonacci retracement to be at $10.62, 38.2% is at $14.97, the 50% target is $18.49, a 61% retracement is $22.01 and a 78.6% retracement is $27.02.” With the market currently trading at about $6.75, MontesDeOca said, “This is just the beginning of what appears to be a really exciting move.”

Turning to possible resistance levels, MontesDeOca used Fibonacci fan lines to “get a pretty good indication of where the resistance levels are in relation to the retracement,” which is at about $14.97. He predicted some resistance at $13.21 and up to about $17. The upper end of that resistance is at $20.74.

“My objective,” MontesDeOca said, “is approximately the 50% to 61% retracement of $18.49 to $22.01. These are the targets we are looking at for the next three to six months. We are looking at a major, major breakout in JNUG.”

For more information on JNUG and the the criteria to join the Academy’s select group of investors, please call 805-418-1744 or email support@ema2trade.com.

JNUG MAJOR LONG TERM UPSIDE BREAKEOUT PODCAST

 

For more information on JNUG and the the criteria to join the Academy’s select group of investors, please call 805-418-1744 or email support@ema2trade.com.

 

FIBONACCI STRIKES GOLD’S BULL EYE!

 

 

For more information on the criteria to join the Academy’s select group of investors or for more information about gold, please email support@ema2trade.com or call 805-418-1744.

 

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