The Weekly VC Price Momentum Indicator
ETFs, Stocks & Futures Swings Report
Trading Instructions May 5,201 7
Signals are automatically generated by integrating electronic
weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 50.02 Bearish
PRICE MOMENTUM: 46.43 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 52
S1) 49.10
EXIT SHORTS:
B1) 43.55
B2) 40.87
WEEKLY TREND MOMENTUM
The contract closed at 46.22 The market closing below the 9 SMA 50.02 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 46.43 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 43.55 - 40.87 levels and go long on a weekly reversal stop. If long, use the 40.87 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.10 - 51.99 levels during the week.
ES
WEEKLY SUMMARY
TREND MOMENTUM: 2361 Bullish
PRICE MOMENTUM: 2391 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2415
1) 2406
EXIT SHORTS:
1) 2382
2) 2367
WEEKLY TREND MOMENTUM
The contract closed at 2398. The market closing above the 9 SMA 2361 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 2391 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 2382 - 2367 levels and go long on a weekly reversal stop. If long, use the 2367 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2406 - 2415 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.62 Bearish
PRICE MOMENTUM: 0.47 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 0.56
S1) 0.50
EXIT SHORTS
B1) 0.41
B2) 0.38
WEEKLY TREND MOMENTUM
The contract closed at 0.44. The market closing below the 9 SMA 0.59 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 at The VC Weekly Price Momentum Indicator of 0.47 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 0.42 - 0.40 levels and go long on a weekly reversal stop. If long, use the 0.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.46 - 0.48 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.04 Bearish
PRICE MOMENTUM: 2.68 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 3.23
S1) 2.96
EXIT SHORTS
B1) 2.48
B2) 2.27
WEEKLY TREND MOMENTUM
The contract closed at 2.68 The market closing below the 9 SMA 3.04 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 below The VC Weekly Price Momentum Indicator of 2.75 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 2.48 - 2.27 levels and go long on a weekly reversal stop. If long, use the 2.27 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2.96 - 3.23 levels during the week.
JNUG (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 23.69 Bearish
PRICE MOMENTUM: 15.57 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 19.85
1) 17.42
EXIT SHORTS:
- 13.14
- 11.29
WEEKLY TREND MOMENTUM
The contract closed at 14.99 The market closing below the 9 SMA 23.69 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 15.57 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 13.14 - 11.29 levels and go long on a weekly reversal stop. If long, use the 11.29 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 17.42 - 19.85 levels during the week.
NUGT (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 36.24 Bearish
PRICE MOMENTUM: 33.08 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 48.94
1) 39.26
EXIT SHORTS
1) 23.40
2) 17.22
WEEKLY TREND MOMENTUM
The contract closed above 29.58 The market closing below the 9 SMA 36.24 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 33.08, 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 23.40 - 17.22 levels and go long on a weekly reversal stop. If long, use the 17.22 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 39.26 - 48.94 levels during the week.
USLV (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 14.76 Bearish
PRICE MOMENTUM: 12.16 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 14.45
1) 13.04
EXIT SHORTS
1) 10.75
2) 9.87
WEEKLY TREND MOMENTUM
The contract closed at 11.63. The market closing below the 9 SMA 14.76 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 12.16, 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 10.75 - 9.87 levels and go long on a weekly reversal stop. If long, use the 9.87 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.04 - 14.45 levels during the week.
Taseko Mines Limited (NYSE:TGB)
WEEKLY SUMMARY
TREND MOMENTUM: 1.21 Bearish
PRICE MOMENTUM: 1.09 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1.26
1) 1.17
EXIT SHORTS
1) 1.01
2) 0.94
WEEKLY MOVING AVERAGES
The contract closed at 1.09. The market closing below the 9 SMA 1.21 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 1.10, 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 1.01 - 0.94 levels and go long on a weekly reversal stop. If long, use the 0.94 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.17 1.26 levels during the week.
JDST (NYSE:JDST)
WEEKLY SUMMARY
TREND MOMENTUM: 16.29 Bullish
PRICE MOMENTUM: 19.59 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 24.29
1) 22.11
EXIT SHORTS
1) 17.41
2) 14.89
WEEKLY MOVING AVERAGES
The contract closed at 94.82. The market closing above the 9 SMA 67.33 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 92.83, 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 82 - 69 levels and go long on a weekly reversal stop. If long, use the 69 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 106 - 117 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.