The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 3.24 .17
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 52.89 Bearish
PRICE MOMENTUM: 48.70 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 51.12
S1) 49.81
EXIT SHORTS:
B1) 47.39
B2) 46.28
WEEKLY TREND MOMENTUM
The contract closed at 48.51 The market closing below the 9 SMA 52.89 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 48.70 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 47.39 - 46.28 levels and go long on a weekly reversal stop. If long, use the 46.28 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.81 - 51.12 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2339 Bullish
PRICE MOMENTUM: 2352 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2399
1) 2372
EXIT SHORTS:
1) 2325
2) 2305
WEEKLY TREND MOMENTUM
The contract closed at 2345. The market closing above the 9 SMA 2339 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 2353 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 2325 - 2305 levels and go long on a weekly reversal stop. If long, use the 2305 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2372 - 2399 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.69 Bullish
PRICE MOMENTUM: 0.69 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.80
S1) 0.75
EXIT SHORTS
B1) 0.64
B2) 0.58
WEEKLY TREND MOMENTUM
The contract closed at 0.67. The market closing below the 9 SMA 0.70 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 0.68 it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 0.65 - 0.62 levels and go long on a weekly reversal stop. If long, use the 0.62 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.71 - 0.74 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.62 Bearish
PRICE MOMENTUM: 3.14 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 3.46
S1) 3.28
EXIT SHORTS
B1) 2.96
B2) 2.81
WEEKLY TREND MOMENTUM
The contract closed at 3.11 The market closing below the 9 SMA 3.62 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 3.14 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 2.96 - 2.92 levels and go long on a weekly reversal stop. If long, use the 2.92 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.28 - 3.46 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 8.70 Bearish
PRICE MOMENTUM: 6.91 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 8.34
1) 7.48
EXIT SHORTS:
- 6.05
- 5.48
WEEKLY TREND MOMENTUM
The contract closed at 6.61 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 signal to neutral.
WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 6.91 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 6.05 - 5.48 levels and go long on a weekly reversal stop. If long, use the 5.48 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 7.48 - 8.34 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 10.36 Bearish
PRICE MOMENTUM: 9.34 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 10.53
1) 9.87
EXIT SHORTS
1) 8.68
2) 8.15
WEEKLY TREND MOMENTUM
The contract closed above 9.21 The market closing below the 9 SMA 10.36 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 9.34, 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 8.68 - 8.15 levels and go long on a weekly reversal stop. If long, use the 8.15 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.87 - 10.53 levels during the week.
USLV (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 15.18 Bearish
PRICE MOMENTUM: 14.87 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 15.95
1) 15.56
EXIT SHORTS
1) 14.48
2) 13.79
WEEKLY TREND MOMENTUM
The contract closed at 15.17. The market closing below the 9 SMA 15.18 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 14.87, 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 14.48 - 13.79 levels and go long on a weekly reversal stop. If long, use the 13.79 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 15.56 - 15.95 levels during the week.
Taseko Mines Limited (NYSE:TGB)
WEEKLY SUMMARY
TREND MOMENTUM: 1.37 Bullish
PRICE MOMENTUM: 1.34 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 1.56
1) 1.46
EXIT SHORTS
1) 1.24
2) 1.12
WEEKLY MOVING AVERAGES
The contract closed at 1.24. The market closing below the 9 SMA 1.37 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 1.27, 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 1.17 - 1.09 levels and go long on a weekly reversal stop. If long, use the 1.09 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.34 - 1.45 levels during the week.
JDST (NYSE:JDST)
WEEKLY SUMMARY
TREND MOMENTUM: 39.10 Bullish
PRICE MOMENTUM: 38.75 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 40.62
1) 39.98
EXIT SHORTS
1) 38.12
2) 36.90
WEEKLY MOVING AVERAGES
The contract closed at 14.70. The market closing below the 9 SMA 15.94 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 14.14, 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 13.05 - 11.40 levels and go long on a weekly reversal stop. If long, use the 11.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 15.79 - 16.88 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.