The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 33.78 Bearish
PRICE MOMENTUM: 32.70 Bullish
PRICE INDICATOR:
EXIT LONG
2) 36.81
1) 34.83
EXIT SHORTS:
- 30.72
- 28.59
WEEKLY MOVING AVERAGES
The contract closed at 32.84 The market closing below the 9 SMA 33.78 is confirmation that the trend momentum is bearish. 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 32.70 it confirms that the price momentum is bearish. A close below the VC Weekly, it would negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 30.71 – 28.59 levels and go long on a weekly reversal stop. If long, use the 28.59 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 34.83 – 36.81 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 1916 Bullish
PRICE MOMENTUM: 1929 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 2000
1) 1970
EXIT SHORTS:
- 1899
- 1858
WEEKLY MOVING AVERAGES
The contract closed at 1941 The market closing above the 9 SMA 1916 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 1929 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 1899 – 1858 levels and go long on a weekly reversal stop. If long, use the 1858 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1970 – 2..000 levels during the week.
Direxion Daily Gold Miners Bear 3X Shares (NYSE:DUST)
WEEKLY SUMMARY
TREND MOMENTUM: 11.31 Bearish
PRICE MOMENTUM: 4.72 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 6.34
1) 5.52
EXIT SHORTS:
- 3.91
- 3.10
WEEKLY MOVING AVERAGES
The contract closed at 4.71. The market closing below the 9 SMA 11.31 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 4.72 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 3.90 – 3.10 levels and go long on a weekly reversal stop. If long, use the 3.10 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 5.52 – 6.34 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 8.72 Bearish
PRICE MOMENTUM: 8.72 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 9.00
1) 8.82
EXIT SHORTS:
- 8.54
- 8.44
WEEKLY MOVING AVERAGES
The contract closed at 8.64 The market closing below the 9 SMA 8.72 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 8.72 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 8.54 – 8.44 levels and go long on a weekly reversal stop. If long, use the 8.44 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 8.82 – 9.00 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 40.44 Bullish
PRICE MOMENTUM: 58.56 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 75.06
1) 62.62
EXIT SHORTS:
- 50.12
- 42.06
WEEKLY MOVING AVERAGES
The contract closed at 58.18. The market closing above the 9 SMA 40.44 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 58.56, 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 50.12 – 42.06 levels and go long on a weekly reversal stop. If long, use the 42.06 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 66.62 – 75.06 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 35.78 Bullish
PRICE MOMENTUM: 53.57 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 71.23
1) 61.90
EXIT SHORTS
1) 44.25
2) 35.93
WEEKLY MOVING AVERAGES
The contract closed at 52.58 The market closing above the 9 SMA 35.78 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 53.58, 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 44.25 – 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 61.90 – 71.23 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: 11.38 Bullish
PRICE MOMENTUM: 12.13 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 14.46
1) 12.93
EXIT SHORTS
1) 10.60
2) 9.80
WEEKLY MOVING AVERAGES
The contract closed at 11.41. The market closing above the 9 SMA 11.38 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 12.13, 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 10.60 – 9.80 levels and go long on a weekly reversal stop. If long, use the 9.80 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.93 – 14.46 levels during the week.
ProShares Ultra Bloomberg Crude Oil (NYSE:UCO)
WEEKLY SUMMARY
TREND MOMENTUM: 8.70 Bearish
PRICE MOMENTUM: 6.90 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 8.71
1) 7.81
EXIT SHORTS
1) 6.00
2) 5.08
WEEKLY MOVING AVERAGES
The contract closed at 7.51. The market closing below the 9 SMA 8.70 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 7.40, 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 6.66 – 5.82 levels and go long on a weekly reversal stop. If long, use the 5.82 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 8.24 – 8.98 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.