The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 47.52 Bullish
PRICE MOMENTUM: 47.79 Bullish
PRICE INDICATOR
EXIT LONG
S2) 51.24
S1) 49.75
EXIT SHORTS:
B1) 46.30
B2) 44.34
WEEKLY MOVING AVERAGES
The contract closed at 48.26 The market closing above the 9 SMA 47.52 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 47.79 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 46.30 – 44.34 levels and go long on a weekly reversal stop. If long, use the 44.34 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.75 – 51.24 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2064 Bearish
PRICE MOMENTUM: 2064 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 2113
1) 2086
EXIT SHORTS:
1) 2037
2) 2015
WEEKLY MOVING AVERAGES
The contract closed at 2060 The market closing below the 9 SMA 2064 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 2064 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 2037 – 2015 levels and go long on a weekly reversal stop. If long, use the 2015 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2086 – 2113 levels during the week.
FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.569 Bullish
PRICE MOMENTUM: 0.595 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.663
S1) 0.622
EXIT SHORTS
B1) 0.564
B2) 0.527
WEEKLY MOVING AVERAGES
The contract closed at 0.58. The market closing above the 9 SMA 0.569 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 below The VC Weekly Price Momentum Indicator of 0.595 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 0.554 – 527 levels and go long on a weekly reversal stop. If long, use the 0.527 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.622 – 0.663 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 4.03 Bullish
PRICE MOMENTUM: 4.33 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 4.51
1) 4.44
EXIT SHORTS
- 4.26
- 4.15
WEEKLY MOVING AVERAGES
The contract closed at 4.38 The market closing above the 9 SMA 4.03 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 4.32 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 4.26 – 4.15 levels and go long on a weekly reversal stop. If long, use the 4.15 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.44 – 4.51 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 149.28 Bullish
PRICE MOMENTUM: 173.65 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 219.25
1) 195.30
EXIT SHORTS:
- 149.70
- 128.05
WEEKLY MOVING AVERAGES
The contract closed at 171.35 The market closing above the 9 SMA 149.28 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 below The VC Weekly Price Momentum Indicator of 173.65 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 149.70 – 128.05 levels and go long on a weekly reversal stop. If long, use the 128.05 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 195.30 – 220 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 97.82 Bullish
PRICE MOMENTUM: 107 Bearish
PRICE INDICATOR
EXIT LONGS
2) 129.94
1) 117.02
EXIT SHORTS
1) 94.08
2) 84.06
WEEKLY MOVING AVERAGES
The contract closed at 104.10 The market closing above the 9 SMA 97.82 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 107, 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 94.08 – 84.06 levels and go long on a weekly reversal stop. If long, use the 81.76 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 119.22 – 131.56 levels during the week.
VelocityShares 3x Long Silver linked to S&P GSCI Silver ER Exp 14 Oct 2031 (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 16.80 Bullish
PRICE MOMENTUM: 17.86 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 16.85
1) 15.86
EXIT SHORTS
1) 18.85
2) 19.86
WEEKLY MOVING AVERAGES
The contract closed at 17.85. The market closing above the 9 SMA 16.80 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 below The VC Weekly Price Momentum Indicator of 17.86, 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 16.85 – 15.86 levels and go long on a weekly reversal stop. If long, use the 15.86 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 18.85 – 19.86 levels during the week.
ProShares Ultra Bloomberg Crude Oil (NYSE:UCO)
WEEKLY SUMMARY
TREND MOMENTUM: 12.14 Bullish
PRICE MOMENTUM: 12.23 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 13.19
1) 13.98
EXIT SHORTS
1) 11.44
2) 10.48
WEEKLY MOVING AVERAGES
The contract closed at 12.39. The market closing above the 9 SMA 12.14 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 12.23, 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 11.43 – 10.48 levels and go long on a weekly reversal stop. If long, use the 10.48 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.19 – 13.98 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.