The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 38.04 Bullish
PRICE MOMENTUM: 39.14 Bearish
PRICE INDICATOR:
EXIT LONG
S2) 43.51
S1) 41.55
EXIT SHORTS:
B1) 37.00
B2) 35.93
WEEKLY MOVING AVERAGES
The contract closed at 38.07 The market closing above the 9 SMA 38.04 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 39.14 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 37.00 – 35.93 levels and go long on a weekly reversal stop. If long, use the 35.93 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 40.21 – 42.35 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 1965 Bullish
PRICE MOMENTUM: 2048 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 2103
1) 2084
EXIT SHORTS:
- 2029
- 1993
WEEKLY MOVING AVERAGES
The contract closed at 2065 The market closing above the 9 SMA 1965 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 above The VC Weekly Price Momentum Indicator of 2048 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 2029 – 1993 levels and go long on a weekly reversal stop. If long, use the 1993 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2084 – 2103 levels during the week.
Direxion Daily Gold Miners Bear 3X Shares (NYSE:DUST)
WEEKLY SUMMARY
TREND MOMENTUM: 4.37 Bearish
PRICE MOMENTUM: 3.30 Bearish
PRICE INDICATOR:
EXIT LONGS:
S2) 4.13
S1) 3.65
EXIT SHORTs
B1) 2.82
B2) 2.47
WEEKLY MOVING AVERAGES
The contract closed at 3.16. The market closing below the 9 SMA 4.37 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 3.30 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 2.82 – 2.47 levels and go long on a weekly reversal stop. If long, use the 2.47 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.65 – 4.13 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 8.87 Bullish
PRICE MOMENTUM: 9.11 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 9.36
1) 9.28
EXIT SHORTS
- 9.03
- 8.86
WEEKLY MOVING AVERAGES
The contract closed at 9.19 The market closing above the 9 SMA 8.87 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 above The VC Weekly Price Momentum Indicator of 9.11 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 9.03 – 8.86 levels and go long on a weekly reversal stop. If long, use the 8.86 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.28 – 9.36 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 65.42 Bullish
PRICE MOMENTUM: 73.31 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 91.44
1) 84.01
EXIT SHORTS:
- 65.87
- 55.17
WEEKLY MOVING AVERAGES
The contract closed at 76.58. The market closing above the 9 SMA 65.42 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 above The VC Weekly Price Momentum Indicator of 73.31, 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 65.87 – 55.17 levels and go long on a weekly reversal stop. If long, use the 55.17 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 84.01 – 91.44 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 56.22 Bullish
PRICE MOMENTUM: 58.51 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 71.03
1) 65.39
EXIT SHORTS
1) 52.86
2) 45.98
WEEKLY MOVING AVERAGES
The contract closed at 59.75 The market closing above the 9 SMA 56.22 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 below VC Weekly Price Momentum Indicator of 58.51, 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 52.86 – 45.98.10 levels and go long on a weekly reversal stop. If long, use the 45.98 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 65.39 – 71.03 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: 12.84 Bearish
PRICE MOMENTUM: 12.03 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 13.85
1) 12.89
EXIT SHORTS
1) 11.08
2) 10.23
WEEKLY MOVING AVERAGES
The contract closed at 11.94. The market closing below the 9 SMA 12.84 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 MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 12.03, 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 11.08 – 10.23 levels and go long on a weekly reversal stop. If long, use the 10.23 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.89 – 13.85 levels during the week.
ProShares Ultra Bloomberg Crude Oil (NYSE:UCO)
WEEKLY SUMMARY
TREND MOMENTUM: 8.52 Bearish
PRICE MOMENTUM: 8.71 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 10.20
1) 9.21
EXIT SHORTS
1) 7.73
2) 7.22
WEEKLY MOVING AVERAGES
The contract closed at 8.23. The market closing below the 9 SMA 8.52 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 8.71, 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 7.73 – 7.22 levels and go long on a weekly reversal stop. If long, use the 7.22 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.21 – 10.20 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.