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JDST: Contract Closed At 6.66, Trend Momentum Is Bearish
www.investing.com/analysis/etf%E2%80%99s,-futures-swing-trading-instructions-weekly-251987
JDST: Contract Closed At 6.66, Trend Momentum Is Bearish
By Patrick MontesDeOca | May 17, 2015 02:25AM ET Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 21 BULLISH
PRICE MOMENTUM: 24.93 BULLISH
PRICE INDICATOR:
EXIT LONGS:
1) 28.52
2) 31.18
EXIT SHORTS:
- 22.27
- 18.68
WEEKLY MOVING AVERAGES
The contract closed at 25.85. The market closing above the 9 day MA 21 is confirmation that the trend momentum is bullish. A close below the 9 MA 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 24.93, 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 22.27 – 18.68 levels and go long on a weekly reversal stop. If long, use the 18.68 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 28.51 – 31.18 levels during the week.
Direxion Daily Junior Gold Miners Bear 3X Shares (NYSE:JDST)
WEEKLY SUMMARY
TREND MOMENTUM: 9.13 BEARISH
PRICE MOMENTUM: 7.02 BEARISH
PRICE INDICATOR:
EXIT LONGS:
1) 7.79
2) 8.92
EXIT SHORTS:
- 5.89
- 5.12
WEEKLY MOVING AVERAGES
The contract closed at 6.66. The market closing below the 9 day MA 9.13 is confirmation that the trend momentum is bearish. A close above the 9 MA 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 7.02, 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 5.89 – 5.12 levels and go long on a weekly reversal stop. If long, use the 5.12 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 7.79 – 8.92 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 11.59 BULLISH
PRICE MOMENTUM: 12.98 BEARISH
PRICE INDICATOR:
EXIT LONGS:
1) 13.45
2) 15.66
EXIT SHORTS:
- 10.78
- 10.31
WEEKLY MOVING AVERAGES
The contract closed at 13.24. The market closing above the 9 day MA 11.59, is confirmation that the trend momentum is bullish. A close below the 9 MA 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 12.98, 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 11.78 – 10.31 levels and go long on a weekly reversal stop. If long, use the 10.31 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.45 – 15.65 levels during the week.
VelocityShares 3x Long Silver linked to S&P GSCI Silver ER Exp 14 Oct 2031 (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 20.17 BULLISH
PRICE MOMENTUM: 21.81 BULLISH
PRICE INDICATOR:
EXIT LONGS:
1) 25.08
2) 26.77
EXIT SHORTS:
- 20.12
2) 16.85
WEEKLY MOVING AVERAGES
The contract closed at 23.80. The market closing above the 9 day MA 20,17 is confirmation that the trend momentum is bullish. A close below the 9 MA 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 21.81, 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 20.12 – 16.85 levels and go long on a weekly reversal stop. If long, use the 16.85 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 25.08 – 26.77 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 1250 BEARISH
PRICE MOMENTUM: 1236 BULLISH
PRICE INDICATOR:
EXIT LONGS:
1) 1254
2) 1263
EXIT SHORTS:
- 1227
- 1209
WEEKLY MOVING AVERAGES
The contract closed at 1244. The market closing below the 9 day MA 1250 is confirmation that the trend momentum is bearish. A close above the 9 MA 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 1236, 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 1227 – 1209 levels and go long on a weekly reversal stop. If long, use the 1209 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1254 – 1263 levels during the week.
ProShares Ultra Bloomberg Crude Oil (ARCA:UCO)
WEEKLY SUMMARY
TREND MOMENTUM: 8.49 BULLISH
PRICE MOMENTUM: 9.81 BEARISH
PRICE INDICATOR:
EXIT LONGS:
1) 10.32
2) 10.90
EXIT SHORTS:
- 9.23
- 10.72
WEEKLY MOVING AVERAGES
The contract closed at 9.73 The market closing above the 9 day MA 8.49 is confirmation that the trend momentum is bullish. A close below the 9 MA 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 9.81 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 9.23 – 8.72 levels and go long on a weekly reversal stop. If long, use the 8.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.32 – 10.90 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.
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JDST: Contract Closed At 6.66, Trend Momentum Is Bearish
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