The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
Direxion Daily Jr Gld Mnrs Bull 3X (NYSE:JNUG)
WEEKLY MOVING AVERAGES
The contract closed at 2.66. The market closing below the 9 day MA (4.89) 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 2.99 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 2.32 – 1.99 levels and go long on a weekly reversal stop. If long, use the 1.99 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.02 – 4.99 levels during the week.
SPDR S&P 500 Low Volatility GBP (LONDON:USLV)
WEEKLY MOVING AVERAGES
The contract closed at 24.92. The market closing above the 9 day MA (23.89) 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 above The VC Weekly Price Momentum Indicator of 24.11 it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 22.48 – 20.03 levels and go long on a weekly reversal stop. If long, use the 20.03 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 26.56 – 28.19 levels during the week.
SPDR Gold Trust (ARCA:GLD)
WEEKLY MOVING AVERAGES
The contract closed at 117.41. The market closing above the 9 day MA (115.29) is confirmation that the trend momentum is bullish.
WEEKLY MOMENTUM INDICATOR
With the market closing above The VC Weekly Price Momentum Indicator of 116.95, 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 114.92 – 112.42 levels and go long on a weekly reversal stop. If long, use the 112.42 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 119.45 – 11944 levels during the week.
RUT – RUSSELL 2000
WEEKLY MOVING AVERAGES
The contract closed at 1152.45. The market closing below the 9 day MA (1155.16) 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 1164.37 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 1140.52 – 1128.58 levels and go long on a weekly reversal stop. If long, use the 1128.58 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1176.30 – 1200.16 levels during the week.
ProShares Ultra DJ-UBS Crude Oil (ARCA:UCO)
WEEKLY MOVING AVERAGES
The contract closed at 12.11. The market closing below the 9 day MA (20.36) 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 13.05 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 11.01 – 9.91 levels and go long on a weekly reversal stop. If long, use the 9.91 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.14 – 16.17 levels during the week.
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