The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic
weekly statistics with proprietary algorithms.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY MOVING AVERAGES
The contract closed at 21.55. The market closing above the 9 day MA 19.71 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 22.28, 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 19.33 – 17.11 levels and go long on a weekly reversal stop. If long, use the 17.11 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 24.50 – 27.45 levels during the week.
Direxion Daily Junior Gold Miners Bear 3X Shares (NYSE:JDST)
WEEKLY MOVING AVERAGES
The contract closed at 8.32. The market closing below the 9 day MA 9.06 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 8.14, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 7.22 – 6.12 levels and go long on a weekly reversal stop. If long, use the 6.12 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.24 – 10.16 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY MOVING AVERAGES
The contract closed at 12.41. The market closing above the 9 day MA 10.89, 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 12.44, 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 11.23 – 10.05 levels and go long on a weekly reversal stop. If long, use the 10.05 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.62 – 14.83 levels during the week.
USLV
WEEKLY MOVING AVERAGES
The contract closed at 18.42. The market closing below the 9 day MA 19.35 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 18.71, 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 16.93 – 15.43 levels and go long on a weekly reversal stop. If long, use the 15.43 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.21 – 21.99 levels during the week.
RUT – RUSSELL 2000
WEEKLY MOVING AVERAGES
The contract closed at 1228. The market closing below the 9 day MA 1247 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 1240, 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 1204 – 1180 levels and go long on a weekly reversal stop. If long, use the 1180 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1264 – 1300 levels during the week. .
UCO
WEEKLY MOVING AVERAGES
The contract closed at 9.71 The market closing above the 9 day MA 8.90 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 9.50 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 9.21 – 8.70 levels and go long on a weekly reversal stop. If long, use the 8.70 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10 – 10.30 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.