The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 3.10.17
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 53.34 Bearish
PRICE MOMENTUM: 50.20 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 55.69
S1) 52.09
EXIT SHORTS:
B1) 46.60
B2) 44.71
WEEKLY TREND MOMENTUM
The contract closed at 48.49 The market closing below the 9 SMA 53.34 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 50.20 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 46.60 - 44,71 levels and go long on a weekly reversal stop. If long, use the 44.71 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 52.09 - 55.69 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2322 Bullish
PRICE MOMENTUM: 2369 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2396
1) 2384
EXIT SHORTS:
1) 2357
2) 2342
WEEKLY TREND MOMENTUM
The contract closed at 2372. The market closing above the 9 SMA 2322 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 2369 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 2357 - 2342 levels and go long on a weekly reversal stop. If long, use the 2342 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2384 - 2396 levels during the week.
First Mining Finance Corp (V:FF)
WEEKLY SUMMARY
TREND MOMENTUM: 0.69 Bullish
PRICE MOMENTUM: 0.69 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.80
S1) 0.75
EXIT SHORTS
B1) 0.64
B2) 0.58
WEEKLY TREND MOMENTUM
The contract closed at 0.71. The market closing above the 9 SMA 0.69 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 below The VC Weekly Price Momentum Indicator of 0.69 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 0.64 - 58 levels and go long on a weekly reversal stop. If long, use the 0.58 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.75 - 80 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.78 Bearish
PRICE MOMENTUM: 3.87 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 4.30
S1) 4.02
EXIT SHORTS
B1) 3.59
B2) 3.44
WEEKLY TREND MOMENTUM
The contract closed at 3.06 The market closing below the 9 SMA 3.78 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 3.03 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 2.91 - 2.77 levels and go long on a weekly reversal stop. If long, use the 2.77 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.17 - 3.29 levels during the week.
Direxion Daily Junior Gold Miners (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 9.12 Bearish
PRICE MOMENTUM: 5.97 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 7.32
1) 6.74
EXIT SHORTS:
- 5.39
- 4.62
WEEKLY TREND MOMENTUM
The contract closed at 6.16 The market closing below the 9 SMA 9.12 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 above The VC Weekly Price Momentum Indicator of 5.97 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 5.39 - 4.62 levels and go long on a weekly reversal stop. If long, use the 4.62 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 6.74 - 7.32 levels during the week.
Direxion Daily Gold Miners (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 10.55 Bearish
PRICE MOMENTUM: 8.07 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 8.24
1) 8.12
EXIT SHORTS
1) 7.95
2) 7.90
WEEKLY TREND MOMENTUM
The contract closed above 8.01 The market closing below the 9 SMA 10.55 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 below The VC Weekly Price Momentum Indicator of 8.07, 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 7.95 - 7.90 levels and go long on a weekly reversal stop. If long, use the 7.90 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 8.12 - 8.24 levels during the week.
VelocityShares 3x Long Silver (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 14.93 Bearish
PRICE MOMENTUM: 13.36 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 13.75
1) 13.61
EXIT SHORTS
1) 13.22
2) 12.97
WEEKLY TREND MOMENTUM
The contract closed at 13.48. The market closing below the 9 SMA 14.93 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 13.36, 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 13.22 - 12.97 levels and go long on a weekly reversal stop. If long, use the 16.97 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.61 - 13.75levels during the week.
Taseko Mines Limited (NYSE:TGB)
WEEKLY SUMMARY
TREND MOMENTUM: 1.35 Bearish
PRICE MOMENTUM: 1.20 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1.29
1) 1.23
EXIT SHORTS
1) 1.14
2) 1.11
WEEKLY MOVING AVERAGES
The contract closed at 1.18. The market closing above at the 9 SMA 1.35 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bullish short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 1.20, 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 1.14 - 1.11 levels and go long on a weekly reversal stop. If long, use the 1.11 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.23 - 1.29 levels during the week.
ProShares Ultra Silver (NYSE:AGQ)
WEEKLY SUMMARY
TREND MOMENTUM: 38.61 Bearish
PRICE MOMENTUM: 36.04 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 36.74
1) 36.48
EXIT SHORTS
1) 35.78
2) 35.34
WEEKLY MOVING AVERAGES
The contract closed at 36.23. The market closing below the 9 SMA 38.61 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 above The VC Weekly Price Momentum Indicator of 36.04, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 35.78 - 35.34 levels and go long on a weekly reversal stop. If long, use the 35.34 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 36.48 - 36.74 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.