The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 48.32 Bearish
PRICE MOMENTUM: 45.86 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 48.39
S1) 47.33
EXIT SHORTS:
B1) 44.82
B2) 43.36
WEEKLY MOVING AVERAGES
The contract closed at 46.28 The market closing below the 9 SMA 48.32 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 45.87 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 44.82 – 43.37 levels and go long on a weekly reversal stop. If long, use the 43.37 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 47.33 – 48.39 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2083 Bullish
PRICE MOMENTUM: 2129 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2129
1) 2137
EXIT SHORTS:
1) 2137
2) 2129
WEEKLY MOVING AVERAGES
The contract closed at 2146 The market closing above the 9 SMA 2083 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 2129 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 2129 – 2137 levels and go long on a weekly reversal stop. If long, use the 2137 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2137 – 2129 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.62 Bullish
PRICE MOMENTUM: 0.86 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 1.21
S1) 1.05
EXIT SHORTS
B1) 0.71
B2) 0.51
WEEKLY MOVING AVERAGES
The contract closed at 0.90. The market closing above the 9 SMA 0.62 is confirmation that the trend momentum is bullish. A close above 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 0.86 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 0.71 – 0.513 levels and go long on a weekly reversal stop. If long, use the 0.513 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.06 – 1.21 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.39 Bullish
PRICE MOMENTUM: 4.64 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 5.14
1) 4.87
EXIT SHORTS
- 4.37
- 4.14
WEEKLY MOVING AVERAGES
The contract closed at 4.59 The market closing above the 9 SMA 3.39 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 4.64 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 4.14 – 4.37 levels and go long on a weekly reversal stop. If long, use the 4.37 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.86 – 5.14 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 193.36 Bullish
PRICE MOMENTUM: 289 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 338
1) 312
EXIT SHORTS:
- 262
- 239
WEEKLY MOVING AVERAGES
The contract closed at 285.28 The market closing above the 9 SMA 193.36 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 289 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 262 – 239 levels and go long on a weekly reversal stop. If long, use the 239 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 312 – 338 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 154.78 The market closing above the 9 SMA 116.80 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 158.02, 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 146.22 134.42 levels and go long on a weekly reversal stop. If long, use the 134.42 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 169.82 – 181.62 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: 19.70 Bullish
PRICE MOMENTUM: 26.90 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 28.87
1) 27.72
EXIT SHORTS
1) 25.75
2) 24.93
WEEKLY MOVING AVERAGES
The contract closed at 26.57. The market closing above the 9 SMA 19.70 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 26.90, 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 25.75 – 24.93 levels and go long on a weekly reversal stop. If long, use the 24.93 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 27.72 – 28.87 levels during the week.
ProShares Ultra Silver (NYSE:AGQ)
WEEKLY SUMMARY
TREND MOMENTUM: 12.36 Bullish
PRICE MOMENTUM: 12.20 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 13.41
1) 13.40
EXIT SHORTS
1) 11.38
2) 10.18
WEEKLY MOVING AVERAGES
The contract closed at 54.07. The market closing above the 9 SMA 43.96 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 54.57, 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 52.99 – 51.91 levels and go long on a weekly reversal stop. If long, use the 54.57 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 55.75 – 57.20 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.