(NYSE:JNUG)
WEEKLY MOVING AVERAGES
The contract closed at 16.76. The market closing below the 9 day MA (29.25) 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 16.65, 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 13.26 – 9.77 levels and go long on a weekly reversal stop. If long, use the 9.77 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.15 – 23.53 levels during the week.
(ARCA:USLV)
WEEKLY MOVING AVERAGES
The contract closed at 17.22. The market closing below the 9 day MA (22.55) 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 17.23, 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 16.24 – 15.25 levels and go long on a weekly reversal stop. If long, use the 15.25 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 18.21 – 19.21 levels during the week.
(NYSE:NUGT)
WEEKLY MOVING AVERAGES
The contract closed at 9.31. The market closing below the 9 day MA (15.12) 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 9.35, 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 8.13 – 6.94 levels and go long on a weekly reversal stop. If long, use the 6.94 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.54 – 11.76 levels during the week.
RUT
WEEKLY MOVING AVERAGES
The contract closed at 1232. The market closing above the 9 day MA (1208) 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 1225 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 1213 – 1194 levels and go long on a weekly reversal stop. If long, use the 1194 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1244 – 1256 levels during the week.
(ARCA:UCO)
WEEKLY MOVING AVERAGES
The contract closed at 8.14 The market closing below the 9 day MA (8.47) 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 8.19 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 7.82 – 7.49 levels and go long on a weekly reversal stop. If long, use the 7.49 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 8.52 – 8.89 levels during the week.
Disclaimer: Trading Derivatives, Financial Instruments And Precious Metals Involves Significant Risk Of Loss And Is Not Suitable For Everyone. Past Performance Is Not Necessarily Indicative Of Future Results.