NYSE:JNUG
WEEKLY SUMMARY
TREND MOMENTUM: 23.32 Bearish
PRICE MOMENTUM: 23.43 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 27
2) 31.17
EXIT SHORTS:
- 19.26
- 15.69
MONTHLY MOVING AVERAGES
The contract closed at 22.83. The market closing below the 20 day MA 23.32 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 23.43, it confirms that the price momentum is bearish. A close above the VC Monthly would negate the bearish trend to neutral.
MONTHLY PRICE INDICATOR
Cover short on corrections at the 19.26 – 15.69 and reverse to go long on a Monthly reversal stop. If long, use the 15.69 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 27 – 31.17 levels during the month.
NYSE:NUGT
WEEKLY SUMMARY
TREND MOMENTUM: 12.01 Bearish
PRICE MOMENTUM: 11.84 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 13.35
2) 15.70
EXIT SHORTS:
- 9.49
- 7.98
MONTHLY MOVING AVERAGES
The contract closed at 11. The market closing below the 20 day MA 12.01 is confirmation that the trend momentum is bearish. A close above the 20 MA would negate the Monthly bullish trend to neutral.
MONTHLY MOMENTUM INDICATOR
With the market closing below the VC Monthly Price Momentum Indicator of 11.84, it confirms that the price momentum is bullish. A close above VC Monthly would negate the bullish trend to neutral.
MONTHLY PRICE INDICATOR
Cover short on corrections at the 9.49 – 7.98 to go long on a Monthly reversal stop. If long, use the 7.98 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.35 – 15.70 levels during the Month.
NASDAQ:USLV
WEEKLY SUMMARY
TREND MOMENTUM: 20.63 Bearish
PRICE MOMENTUM: 20.67 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 23.66
2) 27.20
EXIT SHORTS:
- 17.13
- 14.14
MONTHLY MOVING AVERAGES
The contract closed at 20.12. The market closing below the 20 day MA 20.63 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 20.67, 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 17.13 – 14.14 and reverse to go long on a Monthly reversal stop. If long, use the 14.14 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 23.66 – 27.20 levels during the Month.
ARCA:UCO
WEEKLY SUMMARY
TREND MOMENTUM: 47.62 Bearish
PRICE MOMENTUM: 47.73 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 53.40
2) 59.27
EXIT SHORTS:
- 41.86
- 36.19
MONTHLY MOVING AVERAGES
The contract closed at 47.53. The market closing below the 20 day MA 47.62 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 47.73, 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 41.86 – 36.19 and reverse to go long on a monthly reversal stop. If long, use the 36.19 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 53.40 – 59.27 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.