The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 48.29 Bearish
PRICE MOMENTUM: 48.29 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 52.11
S1) 49.84
EXIT SHORTS:
B1) 46.00
B2) 44.43
WEEKLY MOVING AVERAGES
The contract closed at 47.57 The market closing below the 9 SMA 48.29 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bulli short-term trend to neutral.
WEEKLY MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 48.29 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 46.00 – 44.43 levels and go long on a weekly reversal stop. If long, use the 44.43 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.84 – 52.11 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2057 Bearish
PRICE MOMENTUM: 2045 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 2165
1) 2092
EXIT SHORTS:
1) 1972
2) 1925
WEEKLY MOVING AVERAGES
The contract closed at 2018 The market closing below the 9 SMA 2057 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 2045 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 1972 – 1925 levels and go long on a weekly reversal stop. If long, use the 1925 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2092 – 2165 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.578 Bearish
PRICE MOMENTUM: 0.558
PRICE INDICATOR
EXIT LONGS:
S2) 0.652
S1) 0.604
EXIT SHORTS
B1) 0.51
B2) 0.464
WEEKLY MOVING AVERAGES
The contract closed at 0.555. The market closing above the 9 SMA 0.578 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 0.558 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 0.51 – 0.464 levels and go long on a weekly reversal stop. If long, use the 0.464 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.604 – 0.652 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 4.04 Bearish
PRICE MOMENTUM: 4.01 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 4.59
1) 4.25
EXIT SHORTS
- 3.67
- 3.43
WEEKLY MOVING AVERAGES
The contract closed at 3.90 The market closing below the 9 SMA 4.04 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 MOMENTUM INDICATOR
With the market closing below The VC Weekly Price Momentum Indicator of 4.01 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 3.67 – 3.43 levels and go long on a weekly reversal stop. If long, use the 3.43 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.25 – 4.59 levels during the week.
NYSE:JNUG
WEEKLY SUMMARY
TREND MOMENTUM: 156.62 Bullish
PRICE MOMENTUM: 183.94 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 244.14
1) 215.85
EXIT SHORTS:
- 155.65
- 123.74
WEEKLY MOVING AVERAGES
The contract closed at 187.55 The market closing above the 9 SMA 156.62 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 183.94 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 155.65 – 123.74 levels and go long on a weekly reversal stop. If long, use the 123.74 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 215.84 – 244.14 levels during the week.
NYSE:NUGT
WEEKLY SUMMARY
TREND MOMENTUM: 101.44 Bullish
PRICE MOMENTUM: 110.58 Bullish
PRICE INDICATOR
EXIT LONGS
2) 143.64
1) 128.83
EXIT SHORTS
1) 95.76
2) 77.52
WEEKLY MOVING AVERAGES
The contract closed at 114.01 The market closing above the 9 SMA 101.44 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 110.58, 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 95.77 – 77.52 levels and go long on a weekly reversal stop. If long, use the 77.52 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 128.82 – 143.64 levels during the week.
NASDAQ:USLV
WEEKLY SUMMARY
TREND MOMENTUM: 17 Bullish
PRICE MOMENTUM: 17.79 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 19.57
1) 19.10
EXIT SHORTS
1) 18.33
2) 18.01
WEEKLY MOVING AVERAGES
The contract closed at 18.65. The market closing above the 9 SMA 17 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 17.79, 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 18.33 – 18.01 levels and go long on a weekly reversal stop. If long, use the 18.01 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 19.10 – 19.57 levels during the week.
NYSE:UCO
WEEKLY SUMMARY
TREND MOMENTUM: 12.27 Bearish
PRICE MOMENTUM: 12.31 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 13.76
1) 12.81
EXIT SHORTS
1) 11.86
2) 10.86
WEEKLY MOVING AVERAGES
The contract closed at 11.87. The market closing below the 9 SMA 12.27 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 12.31, 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 11.36 – 10.86 levels and go long on a weekly reversal stop. If long, use the 10.86 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.81 – 13.76 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.