Signals are automatically generated by integrating electronic prices and monthly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 43.29 Bearish
PRICE MOMENTUM: 46.97 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 48.14
2) 50.52
EXIT SHORTS:
- 44.58
- 43.40
MONTHLY MOVING AVERAGES
The contract closed at 45.77. The market closing below the 20 day MA 43.29 is confirmation that the trend momentum is bearish. A close above the 20 day MA would negate the Monthly bearish trend to neutral.
MONTHLY MOMENTUM INDICATOR
With the market closing below the VC Monthly Price Momentum Indicator of 46.96, it confirms that the price momentum is bearish. A close above VC Monthly would negate the bearish trend to neutral.
MONTHLY PRICE INDICATOR
Cover short on corrections at the 44.58 – 43.40 and reverse to go long on a monthly reversal stop. If long, use the 43.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 48.14 – 50.52 levels during the month.
WEEKLY SUMMARY
TREND MOMENTUM: 1.994 Bullish
PRICE MOMENTUM: 1.961 Neutral
PRICE INDICATOR:
EXIT LONGS:
1) 2.099
2) 2.237
EXIT SHORTS:
- 1.823
- 1.685
MONTHLY MOVING AVERAGES
The contract closed at 1.961. The market closing below the 20 day MA 1.995 is confirmation that the trend momentum is bearish. A close above the 20 day MA would negate the Monthly bearish trend to neutral.
MONTHLY MOMENTUM INDICATOR
With the market closing above the VC Monthly Price Momentum Indicator of 1.961, it confirms that the price momentum is neutral.
MONTHLY PRICE INDICATOR
Cover short on corrections at the 1.823 – 1.685 and reverse to go long on a monthly reversal stop. If long, use the 1.685 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2.099 – 2.237 levels during the month.
WEEKLY SUMMARY
TREND MOMENTUM: 8.99 Bearish
PRICE MOMENTUM: 9.12 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 9.70
2) 10.54
EXIT SHORTS:
- 8.29
- 7.72
MONTHLY MOVING AVERAGES
The contract closed at 8.87. The market closing below the 20 day MA 8.99 is confirmation that the trend momentum is bearish. A close above the 20 day MA would negate the Monthly bearish trend to neutral.
MONTHLY MOMENTUM INDICATOR
With the market closing below the VC Monthly Price Momentum Indicator of 9.12, it confirms that the price momentum is bearish. A close above VC Monthly would negate the bearish trend to neutral.
MONTHLY PRICE INDICATOR
Cover short on corrections at the 8.29 – 7.72 and reverse to go long on a monthly reversal stop. If long, use the 7.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.70 – 10.54 levels during the month.
NYSE:JNUG
WEEKLY SUMMARY
TREND MOMENTUM: 9.40 Bearish
PRICE MOMENTUM: 9.44 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 12.40
2) 15.99
EXIT SHORTS:
- 5.85
- 2.89
MONTHLY MOVING AVERAGES
The contract closed at 8.81. The market closing below the 20 day MA 9.40 is confirmation that the trend momentum is bearish. A close above the 20 MA would negate the Monthly bearish trend to neutral.
MONTHLY MOMENTUM INDICATOR
With the market closing below the VC Monthly Price Momentum Indicator of 9.44, it confirms that the price momentum is bearish. A close above the VC Monthly it would negate the bearish trend to neutral.
MONTHLY PRICE INDICATOR
Cover short on corrections at the 5.85 – 2.89 and reverse to go long on a Monthly reversal stop. If long, use the 2.89 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.40 – 15.99 levels during the month.
NYSE:NUGT
WEEKLY SUMMARY
TREND MOMENTUM: 3.67 Bearish
PRICE MOMENTUM: 3.73 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 4.85
2) 6.38
EXIT SHORTS:
- 2.20
- 1.08
MONTHLY MOVING AVERAGES
The contract closed at 3.32. The market closing below the 20 day MA 3.67 is confirmation that the trend momentum is bearish. A close above the 20 day MA would negate the Monthly bullish trend to neutral.
MONTHLY MOMENTUM INDICATOR
With the market closing below the VC Monthly Price Momentum Indicator of 3.73, it confirms that the price momentum is bearish. A close above VC Monthly would negate the bearish trend to neutral.
MONTHLY PRICE INDICATOR
Cover short on corrections at the 2.20 – 1.08 to go long on a Monthly reversal stop. If long, use the 1.08 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.85 – 6.38 levels during the Month.
NASDAQ:USLV
WEEKLY SUMMARY
TREND MOMENTUM: 13.57 Bearish
PRICE MOMENTUM: 13.06 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 15.17
2) 17.78
EXIT SHORTS:
- 10.45
- 8.34
MONTHLY MOVING AVERAGES
The contract closed at 12.57. The market closing below the 20 day MA 13.57 is confirmation that the trend momentum is bearish. A close above the 20 day MA would negate the Monthly bearish trend to neutral.
MONTHLY MOMENTUM INDICATOR
With the market closing below the VC Monthly Price Momentum Indicator of 13.06, it confirms that the price momentum is bearish. A close above VC Monthly would negate the bearish trend to neutral.
MONTHLY PRICE INDICATOR
Cover short on corrections at the 10.45 8.34 and reverse to go long on a Monthly reversal stop. If long, use the 8.34 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 15.17 -17.78 levels during the Month.
*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 therein constitutes a solicitation of the purchase or sale of any futures or options contracts.