The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 6.9 .17
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 49.14 Bearish
PRICE MOMENTUM: 46.48 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 49.70
S1) 47.77
EXIT SHORTS:
B1) 44.55
B2) 43.26
WEEKLY TREND MOMENTUM
The contract closed at 45.83 The market closing below the 9 SMA 49.14 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 46.48 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 44.56 - 43.26 levels and go long on a weekly reversal stop. If long, use the 43.26 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 47.77 - 49.70 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2381 Bullish
PRICE MOMENTUM: 2427 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2464
1) 2450
EXIT SHORTS:
1) 2413
2) 2390
WEEKLY TREND MOMENTUM
The contract closed at 2430. The market closing above the 9 SMA 2390 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 PRICE MOMENTUM
With the market closing at The VC Weekly Price Momentum Indicator of 2430 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 2415 - 2399 levels and go long on a weekly reversal stop. If long, use the 2399 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2446 - 2461 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.51 Bearish
PRICE MOMENTUM: 0.51 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 0.58
S1) 0.55
EXIT SHORTS
B1) 0.49
B2) 0.46
WEEKLY TREND MOMENTUM
The contract closed at 0.50. The market closing below the 9 SMA 0.51 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 0.51 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 0.48 - 0.45 levels and go long on a weekly reversal stop. If long, use the 0.45 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.54 - 0.57 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 2.96 Bearish
PRICE MOMENTUM: 2.75 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 3.07
S1) 2.87
EXIT SHORTS
B1) 2.77
B2) 2.64
WEEKLY TREND MOMENTUM
The contract closed at 2.62 The market closing below the 9 SMA 2.84 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 2.65 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 2.44 - 2.26 levels and go long on a weekly reversal stop. If long, use the 2.26 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2.83 - 3.04 levels during the week.
JNUG (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 19.13 Bearish
PRICE MOMENTUM: 18.45 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 22.72
1) 20.48
EXIT SHORTS:
- 16.22
- 14.20
WEEKLY TREND MOMENTUM
The contract closed at 18.25 The market closing below the 9 SMA 19.13 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend signal to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 18.45 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 16.22 - 14.20 levels and go long on a weekly reversal stop. If long, use the 14.20 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.48 - 22.72 levels during the week.
NUGT (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 35.42 Bearish
PRICE MOMENTUM: 35.23 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 41.39
1) 37.79
EXIT SHORTS
1) 31.63
2) 29.07
WEEKLY TREND MOMENTUM
The contract closed at 34.18 The market closing below the 9 SMA 35.42 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 35.23, 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 31.63 - 29.07 levels and go long on a weekly reversal stop. If long, use the 29.07 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 37.79 - 41.39 levels during the week.
USLV (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 13.70 Bearish
PRICE MOMENTUM: 13.75 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 15.16
1) 14.26
EXIT SHORTS
1) 12.85
2) 12.34
WEEKLY TREND MOMENTUM
The contract closed at 13.35. The market closing below the 9 SMA 13.70 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 13.75 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 12.85 - 12.34 levels and go long on a weekly reversal stop. If long, use the 12.34 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.26 - 15.16 levels during the week.
Taseko Mines Limited (NYSE:TGB)
WEEKLY SUMMARY
TREND MOMENTUM: 1.19 Bullish
PRICE MOMENTUM: 1.23 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1.37
1) 1.29
EXIT SHORTS
1) 1.15
2) 1.09
WEEKLY MOVING AVERAGES
The contract closed at 1.22. The market closing above the 9 SMA 1.19 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 1.23, 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 1.15 - 1.07 levels and go long on a weekly reversal stop. If long, use the 1.07 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.29 - 1.37 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 84.67 Bearish
PRICE MOMENTUM: 84.64 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 89.88
1) 87.12
EXIT SHORTS
1) 81.88
2) 79.40
WEEKLY MOVING AVERAGES
The contract closed at 84.37. The market closing below the 9 SMA 84.67 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 84.64, 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 81.88 - 79.40 levels and go long on a weekly reversal stop. If long, use the 79.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 87.13 - 89.88 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. This report is for educational purposes only.