USLV: Weekly Contract Closed At 17.21

(NYSE:JNUG)

WEEKLY MOVING AVERAGES

The contract closed at 19.69. The market closing below the 9 day MA 21.38 is confirmation that the trend momentum is bearish. A close above the 9 MA 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 20.56, 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 18.74 – 17.79 levels and go long on a weekly reversal stop. If long, use the 17.79 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 21.49 – 23.29 levels during the week.

(NYSE:JDST)

WEEKLY MOVING AVERAGES

The contract closed at 9.22. The market closing below the 9 day MA 10.47 is confirmation that the trend momentum is bearish. A close above the 9 MA 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 9.08, it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 8.56 – 7.90 levels and go long on a weekly reversal stop. If long, use the 7.90 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.64 – 10.06 levels during the week.

(NYSE:NUGT)

WEEKLY MOVING AVERAGES

The contract closed at 10.96. The market closing below the 9 day MA 11.26, is confirmation that the trend momentum is bearish. A close above the 9 MA 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 11.37, 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 10.49 – 10.02 levels and go long on a weekly reversal stop. If long, use the 10.02 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 11.84 – 12.72 levels during the week.

(ARCA:USLV)

WEEKLY MOVING AVERAGES

The contract closed at 17.21. The market closing below the 9 day MA 19.62 is confirmation that the trend momentum is bearish. A close above the 9 MA 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 17.47, 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 16.52 – 15.83 levels and go long on a weekly reversal stop. If long, use the 15.83 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 18.16 – 19.12 levels during the week.

RUT – Russell 2000

WEEKLY MOVING AVERAGES

The contract closed at 1268. The market closing above the 9 day MA 1243 is confirmation that the trend momentum is bullish. A close below the 9 MA 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 1265, 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 1258 – 1247 levels and go long on a weekly reversal stop. If long, use the 1247 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1278 – 1283 levels during the week.

(ARCA:UCO)

WEEKLY MOVING AVERAGES

The contract closed at 9.24 The market closing above the 9 day MA (7.83) is confirmation that the trend momentum is bullish. A close below the 9 MA 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 9.16 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 8.82 – 8.40 levels and go long on a weekly reversal stop. If long, use the 8.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 8.82 – 8.40 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.