The Weekly VC Price Momentum Indicator
ETFs, Stocks & Futures Swings Report
Trading Instructions April 21,201 7
Signals are automatically generated by integrating electronic
weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 51.48 Bearish
PRICE MOMENTUM: 50.82 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 55.25
S1) 52.43
EXIT SHORTS:
B1) 48
B2) 46.39
WEEKLY TREND MOMENTUM
The contract closed at 49.62 The market closing below the 9 SMA 51.48 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 50.82 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 48 - 46.39 levels and go long on a weekly reversal stop. If long, use the 46.39 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 52.43 - 55.25 levels during the week.
ES
WEEKLY SUMMARY
TREND MOMENTUM: 2357 Bearish
PRICE MOMENTUM: 2342 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2377
1) 2362
EXIT SHORTS:
1) 2327
2) 2307
WEEKLY TREND MOMENTUM
The contract closed at 2346. The market closing below the 9 SMA 2357 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 2342 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 2327 - 2307 levels and go long on a weekly reversal stop. If long, use the 2307 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2362 - 2377 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.66 Bearish
PRICE MOMENTUM: 0.53 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 0.63
S1) 0.57
EXIT SHORTS
B1) 0.47
B2) 0.43
WEEKLY TREND MOMENTUM
The contract closed at 0.50. The market closing below the 9 SMA 0.66 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 0.53 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 0.47 - 0.43 levels and go long on a weekly reversal stop. If long, use the 0.43 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.57 - 0.63 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.19 Bearish
PRICE MOMENTUM: 3.04 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 7.41
S1) 6.51
EXIT SHORTS
B1) 5.14
B2) 4.67
WEEKLY TREND MOMENTUM
The contract closed at 3.07 The market closing below the 9 SMA 3.19 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 3.04 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 2.94 - 2.80 levels and go long on a weekly reversal stop. If long, use the 2.80 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.18 - 3.28 levels during the week.
JNUG (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 6.91 Bearish
PRICE MOMENTUM: 6.04 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 7.41
1) 6.51
EXIT SHORTS:
- 5.14
- 4.67
WEEKLY TREND MOMENTUM
The contract closed at 5.61 The market closing below the 9 SMA 6.91 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend signal to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 6.04 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 5.14 - 4.67 levels and go long on a weekly reversal stop. If long, use the 4.67 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 6.51 - 7.41 levels during the week.
NGUT (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 9.54 Bullish
PRICE MOMENTUM: 10.27 Bullish
PRICE INDICATOR:
EXIT LONGS
2) 12.22
1) 11.05
EXIT SHORTS
1) 9.10
2) 8.23
WEEKLY TREND MOMENTUM
The contract closed above 9.87 The market closing above the 9 SMA 9.54 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 10.27, 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 9.10 8.23 levels and go long on a weekly reversal stop. If long, use the 8.23 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 11.05 - 12.22 levels during the week.
USLV (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 15.59 Bearish
PRICE MOMENTUM: 16.09 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 17.80
1) 16.66
EXIT SHORTS
1) 14.95
2) 14.38
WEEKLY TREND MOMENTUM
The contract closed at 15.52. The market closing below the 9 SMA 15.59 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 16.09, 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 14.95 - 14.38 levels and go long on a weekly reversal stop. If long, use the 14.38 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 16.66 - 17.80 levels during the week.
TGB (NYSE:TGB)
WEEKLY SUMMARY
TREND MOMENTUM: 1.27 Bearish
PRICE MOMENTUM: 1.10 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1.33
1) 1.21
EXIT SHORTS
1) 0.98
2) 0.87
WEEKLY MOVING AVERAGES
The contract closed at 1.08. The market closing below the 9 SMA 1.27 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 1.10, 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 0.98 - 0.87 levels and go long on a weekly reversal stop. If long, use the 0.87 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.21 - 1.33 levels during the week.
JDST (NYSE:JDST)
WEEKLY SUMMARY
TREND MOMENTUM: 15.67 Bullish
PRICE MOMENTUM: 15.76 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 19.29
1) 17.86
EXIT SHORTS
1) 14.34
2) 12.23
WEEKLY MOVING AVERAGES
The contract closed at 16.44. The market closing above the 9 SMA 15.67 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 15.76, 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 14.34 - 12.23 levels and go long on a weekly reversal stop. If long, use the 12.23 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 17.87 - 19.29 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. This report is for educational purposes only.