The Weekly VC Price Momentum Indicator
ETFs, Stocks & Futures Swings Report
Trading Instructions July 21,201 7
Signals are automatically generated by integrating electronic
weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 46.85 Bearish
PRICE MOMENTUM: 46.35 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 48.55
S1) 47.16
EXIT SHORTS:
B1) 44.96
B2) 44.15
WEEKLY TREND MOMENTUM
The contract closed at 45.77 The market closing below the 9 SMA 46.85 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 46.25 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 44.96 - 44.15 levels and go long on a weekly reversal stop. If long, use the 44.15 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 47.16 - 48.55 levels during the week.
ES
WEEKLY SUMMARY
TREND MOMENTUM: 2424 Bullish
PRICE MOMENTUM: 2442 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2493
1) 2474
EXIT SHORTS:
1) 2423
2) 2391
WEEKLY TREND MOMENTUM
The contract closed at 2470. The market closing above the 9 SMA 2434 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 2465 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 2453 - 2437 levels and go long on a weekly reversal stop. If long, use the 2437 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2481 - 2493 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.51 Bullish
PRICE MOMENTUM: 0.50 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.57
S1) 0.54
EXIT SHORTS
B1) 0.47
B2) 0.43
WEEKLY TREND MOMENTUM
The contract closed at 0.51. The market closing above the 9 SMA 0.50 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 0.50 it confirms that the price momentum is bearish. A close below the VC Weekly, it would negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 0.50 - 0.48 levels and go long on a weekly reversal stop. If long, use the 0.48 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.52 - 0.53 levels during the week.
McEwen Mining Inc. (TO:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 2.61 Bearish
PRICE MOMENTUM: 2.62 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 2.81
S1) 2.71
EXIT SHOTS
B1) 2.52
B2) 2.43
WEEKLY TREND MOMENTUM
The contract closed at 2.61 The market closing at the 9 SMA 2.61 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 2.62 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 2.52 - 2.43 levels and go long on a weekly reversal stop. If long, use the 2.43 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2.71 - 2.81 levels during the week.
JNUG (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 17.71 Bullish
PRICE MOMENTUM: 17.79 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 18.90
1) 18.46
EXIT SHORTS:
- 17.35
- 16.66
WEEKLY TREND MOMENTUM
The contract closed at 18.02. The market closing above the 9 SMA 17.71 is confirmation that the trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend signal to neutral.
WEEKLY PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 17.79 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 17.35 - 16.68 levels and go long on a weekly reversal stop. If long, use the 16.68 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 18.46 - 18.90 levels during the week.
NUGT (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 31.55 Bearish
PRICE MOMENTUM: 31.07 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 33.30
1) 32.39
EXIT SHORTS
1) 30.16
2) 28.84
WEEKLY TREND MOMENTUM
The contract closed at 31.48 The market closing below the 9 SMA 31.55 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 31.07, 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 30.16 - 28.84 levels and go long on a weekly reversal stop. If long, use the 28.84 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 32.39 - 33.30 levels during the week.
NUGT (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 12.33 Bearish
PRICE MOMENTUM: 9.97 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 11.90
1) 10.78
EXIT SHORTS
1) 8.83
2) 8.04
WEEKLY TREND MOMENTUM
The contract closed at 11.37. The market closing below the 9 SMA 12.04 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 11.14 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 10.83 - 10.30 levels and go long on a weekly reversal stop. If long, use the 10.30 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 11.67 - 11.98 levels during the week.
Taseko Mines Limited (NYSE:TGB)
WEEKLY SUMMARY
TREND MOMENTUM: 1.26 Bullish
PRICE MOMENTUM: 1.36 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 1.52
1) 1.46
EXIT SHORTS
1) 1.29
2) 1.19
WEEKLY MOVING AVERAGES
The contract closed at 1.40. The market closing above the 9 SMA 1.26 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 1.36, 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 1.29 1.19 levels and go long on a weekly reversal stop. If long, use the 1.19 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.46 - 1.53 levels during the week.
SPY (NYSE:SPY)
WEEKLY SUMMARY
TREND MOMENTUM: 242 Bullish
PRICE MOMENTUM: 244 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 249
1) 247
EXIT SHORTS
1) 242
2) 239
WEEKLY MOVING AVERAGES
The contract closed at 246.88 The market closing above the 9 SMA 243 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 246, 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 245 - 2.44 levels and go long on a weekly reversal stop. If long, use the 244 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 248 - 2.49 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.