The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 46.09 Bullish
PRICE MOMENTUM: 48.91 Bearish
PRICE INDICATOR:
EXIT LONG
S2) 50.71
S1) 49.06
EXIT SHORTS:
B1) 47.73
B2) 48.56
WEEKLY MOVING AVERAGES
The contract closed at 48.90 The market closing above the 9 SMA 46.09 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 48.92 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 47.73 – 46.57 levels and go long on a weekly reversal stop. If long, use the 46.57 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 50.08 – 51.27 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2067 Bullish
PRICE MOMENTUM: 2095 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 2118
1) 2108
EXIT SHORTS:
1) 2085
2) 2072
WEEKLY MOVING AVERAGES
The contract closed at 2097 The market closing above the 9 SMA 2067 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 2095 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 2085 – 2072 levels and go long on a weekly reversal stop. If long, use the 2072 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2108 – 2118 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.53 Bullish
PRICE MOMENTUM: 0.54 Bullish
PRICE INDICATOR:
EXIT LONGS:
S2) 0.627
S1) 0.593
EXIT SHORTs
B1) 0.503
B2) 0.447
WEEKLY MOVING AVERAGES
The contract closed at 0.56. The market closing above the 9 SMA 0.53 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 0.54 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 0.503 – 0.447 levels and go long on a weekly reversal stop. If long, use the 0.447 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.593 – 0.627 levels during the week.
Teucrium Corn (NYSE:CORN)
WEEKLY SUMMARY
TREND MOMENTUM: 3.89 Bullish
PRICE MOMENTUM: 4.12 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 4.32
1) 4.26
EXIT SHORTS
4.07
3.94
WEEKLY MOVING AVERAGES
The contract closed at 4.19 The market closing above the 9 SMA 3.89 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 4.13 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 4.06 – 3.94 levels and go long on a weekly reversal stop. If long, use the 3.94 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.26 – 4.32 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 134.34 Bullish
PRICE MOMENTUM: 129.47 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 180
1) 162.87
EXIT SHORTS:
112.76
79.36
WEEKLY MOVING AVERAGES
The contract closed at 146.17 The market closing above the 9 SMA 134.34 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 129.47 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 112.76 – 79.36 levels and go long on a weekly reversal stop. If long, use the 79.36 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 162.87 – 180 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 90.97 Bullish
PRICE MOMENTUM: 89.62 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 121.11
1) 110.50
EXIT SHORTS
1) 79.01
2) 58.13
WEEKLY MOVING AVERAGES
The contract closed at 99.90 The market closing above the 9 SMA 90.97 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 89.62, 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 79.01 – 58.13 levels and go long on a weekly reversal stop. If long, use the 58.13 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 110.50 – 121.11 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: 15.92 Bearish
PRICE MOMENTUM: 14.41 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 16.02
1) 15.47
EXIT SHORTS
1) 13.86
2) 12.80
WEEKLY MOVING AVERAGES
The contract closed at 14.91. The market closing below the 9 SMA 15.92 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 14.41, 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 13.86 – 12.80 levels and go long on a weekly reversal stop. If long, use the 12.80 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.47 – 16.02 levels during the week.
ProShares Ultra Bloomberg Crude Oil (NYSE:UCO)
WEEKLY SUMMARY
TREND MOMENTUM: 11.47 Bearish
PRICE MOMENTUM: 12.83 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 14.07
1) 13.43
EXIT SHORTS
1) 12.19
2) 11.59
WEEKLY MOVING AVERAGES
The contract closed at 12.79. The market closing above the 9 SMA 11.47 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 12.83, 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 12.19 – 11.59 levels and go long on a weekly reversal stop. If long, use the 11.59 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.43 – 14.07 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.