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 3.94. The market closing below the 9 day MA (11.87) 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 5.33 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 2.55 – .56 levels and go long on a weekly reversal stop. If long, use the .56 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 7.02 – 10.10 levels during the week.
SPDR S&P 500 Low Volatility GBP (LONDON:USLV)
WEEKLY MOVING AVERAGES
The contract closed at 22.44. The market closing below the 9 day MA (29.73) 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 24.35 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 20.53 – 18.62 levels and go long on a weekly reversal stop. If long, use the 18.62 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 26.26 – 30.08 levels during the week.
SPDR Gold Trust (ARCA:GLD)
WEEKLY MOVING AVERAGES
The contract closed at 112.66. The market closing below the 9 day MA (117.42) is confirmation that the trend momentum is bearish.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 114.60 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 110.72 – 108.78 levels and go long on a weekly reversal stop. If long, use the 108.78 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 116.54 – 120.42 levels during the week.
RUT – RUSSELL 2000
WEEKLY MOVING AVERAGES
The contract closed at 1.174. The market closing above the 9 day MA (1.125) is confirmation that the trend momentum is bullish. A close above 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 1.151 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 1.127 – 1.081 levels and go long on a weekly reversal stop. If long, use the 1.081 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.197 – 1.221 levels during the week.
ProShares Ultra DJ-UBS Crude Oil (ARCA:UCO) – C OIL
WEEKLY MOVING AVERAGES
The contract closed at 24.04. The market closing below the 9 day MA (28.11) 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 24.18 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 23.10 – 22.17 levels and go long on a weekly reversal stop. If long, use the 22.17 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 25.11 – 26.19 levels during the week.
Trading Derivatives, Financial Instruments And Precious Metals Involves Significant Risk Of Loss And Is Not Suitable For Everyone. Past Performance Is Not Necessarily Indicative Of Future Results.