The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 1.20.17
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 53.16 Bullish
PRICE MOMENTUM: 53.09 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 55.68
S1) 54.45
EXIT SHORTS:
B1) 51.85
B2) 50.49
WEEKLY TREND MOMENTUM
The contract closed at 53.22 The market closing above the 9 SMA 53.16 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 above The VC Weekly Price Momentum Indicator of 53.09 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 51.85 - 50.49 levels and go long on a weekly reversal stop. If long, use the 50.49 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 54.45 - 55.69 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2235 Bullish
PRICE MOMENTUM: 2264 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2284
1) 2275
EXIT SHORTS:
1) 2255
2) 2244
WEEKLY TREND MOMENTUM
The contract closed at 2266. The market closing above the 9 SMA 2245 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 above The VC Weekly Price Momentum Indicator of 2264 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 2255 - 2244 levels and go long on a weekly reversal stop. If long, use the 2244 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2275 - 2284 levels during the week.
First Mining Finance Corp (SG:FMGG)
WEEKLY SUMMARY
TREND MOMENTUM: 0.60 Bullish
PRICE MOMENTUM: 0.64 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.69
S1) 0.67
EXIT SHORTS
B1) 0.62
B2) 0.59
WEEKLY TREND MOMENTUM
The contract closed at 0.64. The market closing above the 9 SMA 0.62 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 above The VC Weekly Price Momentum Indicator of 0.64 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 0.61 - 0.59 levels and go long on a weekly reversal stop. If long, use the 0.59 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.66 - 0.69 levels during the week.
McEwen Mining Inc. (TO:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.01 Bullish
PRICE MOMENTUM: 3.75 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 4.12
S1) 3.96
EXIT SHORTS
B1) 3.58
B2) 3.38
WEEKLY TREND MOMENTUM
The contract closed at 3.86 The market closing above the 9 SMA 3.14 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 above The VC Weekly Price Momentum Indicator of 3.85 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 3.67 - 3.49 levels and go long on a weekly reversal stop. If long, use the 3.49 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.03 - 4.21 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 6.35 Bullish
PRICE MOMENTUM: 8.37 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 11.25
1) 10.48
EXIT SHORTS:
7.54
6.70
WEEKLY TREND MOMENTUM
The contract closed at 8.56 The market closing above the 9 SMA 6.53 is confirmation that the trend momentum is bullish. A close bel0w the 9 SMA would negate the weekly bullish short-term trend signal to neutral.
WEEKLY PRICE MOMENTUM
With the market closing at The VC Weekly Price Momentum Indicator of 8.52 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 7.69 - 6.83 levels and go long on a weekly reversal stop. If long, use the 6.83 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.38 - 10.21 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 7.89 Bullish
PRICE MOMENTUM: 10.09 Bullish
PRICE INDICATOR
EXIT LONGS
2) 11.40
1) 10.77
EXIT SHORTS
1) 9.46
2) 8.78
WEEKLY TREND MOMENTUM
The contract closed above 10.14 The market closing above the 9 SMA 8.09 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 above The VC Weekly Price Momentum Indicator of 10.09, 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 9.46 - 8.78 levels and go long on a weekly reversal stop. If long, use the 8.78 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.77 - 11.40 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: 12.68 Bullish
PRICE MOMENTUM: 13.84 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 15.36
1) 14.64
EXIT SHORTS
1) 13.11
2) 12.32
WEEKLY TREND MOMENTUM
The contract closed at 13.91. The market closing above the 9 SMA 12.73 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 above The VC Weekly Price Momentum Indicator of 13.84, 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 13.12 - 12.32 levels and go long on a weekly reversal stop. If long, use the 12.32 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 14.64 - 15.63 levels during the week.
Yamana Gold Inc (NYSE:AUY)
WEEKLY SUMMARY
TREND MOMENTUM: 2.92 Bullish
PRICE MOMENTUM: 3.20 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 3.42
1) 3.32
EXIT SHORTS
1) 3.10
2) 2.98
WEEKLY MOVING AVERAGES
The contract closed at 3.21. The market closing above the 9 SMA 2.92 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 3.20, 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 3.10 - 2.98 levels and go long on a weekly reversal stop. If long, use the 2.98 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.32 - 3.42 levels during the week.
ProShares Ultra Silver (NYSE:AGQ)
WEEKLY SUMMARY
TREND MOMENTUM: 34.43 Bullish
PRICE MOMENTUM: 36.69 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 39.22
1) 38.80
EXIT SHORTS
1) 35.48
2) 34.16
WEEKLY MOVING AVERAGES
The contract closed at 36.79. The market closing below the 9 SMA 34.43 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 36.69, 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 35.48 - 34.16 levels and go long on a weekly reversal stop. If long, use the 34.16 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 38.80 - 39.22 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.