The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 48.31 Bearish
PRICE MOMENTUM: 44.30 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 45.53
S1) 44.86
EXIT SHORTS:
B1) 43.63
B2) 43.07
WEEKLY MOVING AVERAGES
The contract closed at 44.19 The market closing below the 9 SMA 48.31 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 44.30 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 43.63 – 43.07 levels and go long on a weekly reversal stop. If long, use the 43.07 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 41.86 – 45.53 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2097 Bullish
PRICE MOMENTUM: 2163 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2182
1) 2175
EXIT SHORTS:
1) 2156
2) 2144
WEEKLY MOVING AVERAGES
The contract closed at 2168 The market closing below the 9 SMA 2097 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 2163 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 2156 – 2144 levels and go long on a weekly reversal stop. If long, use the 2144 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2175 – 2182 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.65 Bearish
PRICE MOMENTUM: 0.84 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 1.01
S1) 0.92
EXIT SHORTS
B1) 0.75
B2) 0.67
WEEKLY MOVING AVERAGES
The contract closed at 0.82. The market closing above the 9 SMA 0.65 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 0.84 it confirms that the price momentum is bearish. A close below the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 0.75 – 67 levels and go long on a weekly reversal stop. If long, use the 0.67 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.92 – 1.01 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.54 Bullish
PRICE MOMENTUM: 4.08 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 4.97
1) 4.44
EXIT SHORTS
- 3.55
- 3.19
WEEKLY MOVING AVERAGES
The contract closed at 3.90 The market closing above the 9 SMA 3.54 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 4.08 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 3.54 – 3.19 levels and go long on a weekly reversal stop. If long, use the 3.19 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.44 – 4.97 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 203 Bullish
PRICE MOMENTUM: 239 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 330
1) 279
EXIT SHORTS:
- 189
- 150
WEEKLY MOVING AVERAGES
The contract closed at 228.92 The market closing above the 9 SMA 203 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 240 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 189.28 – 149.64 levels and go long on a weekly reversal stop. If long, use the 149.64 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 279 – 330 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 116.80 Bullish
PRICE MOMENTUM: 158.02 Bullish
PRICE INDICATOR
EXIT LONGS
2) 181.62
1) 169.82
EXIT SHORTS
1) 146.22
2) 134.42
WEEKLY MOVING AVERAGES
The contract closed at 136.13 The market closing above the 9 SMA 121.98 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 138.66, 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 120.22 – 104.31 levels and go long on a weekly reversal stop. If long, use the 104.31 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 154.57 – 173 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: 20.76 Bearish
PRICE MOMENTUM: 25 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 28.09
1) 26.42
EXIT SHORTS
1) 23.32
2) 21.90
WEEKLY MOVING AVERAGES
The contract closed at 24.75. The market closing below the 9 SMA 20.76 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 25, it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 23.32 – 21.89 levels and go long on a weekly reversal stop. If long, use the 21.89 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 26.42 – 28.10 levels during the week.
ProShares Ultra Silver (NYSE:AGQ)
WEEKLY SUMMARY
TREND MOMENTUM: 46 Bullish
PRICE MOMENTUM: 51.86 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 56.08
1) 53.80
EXIT SHORTS
1) 49.58
2) 47.64
WEEKLY MOVING AVERAGES
The contract closed at 51.51. The market closing above the 9 SMA 46 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 51.86, 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 49.58 – 47.64 levels and go long on a weekly reversal stop. If long, use the 47.64 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 53.80 – 56.08 levels during the week.