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JDST: Contract Closed At 6.66, Trend Momentum Is Bearish

Published 05/17/2015, 02:25 AM
Updated 07/09/2023, 06:31 AM

Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.

Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)

WEEKLY SUMMARY

TREND MOMENTUM: 21 BULLISH

PRICE MOMENTUM: 24.93 BULLISH

PRICE INDICATOR:

EXIT LONGS:

1) 28.52

2) 31.18

EXIT SHORTS:

  • 22.27

  • 18.68

WEEKLY MOVING AVERAGES

The contract closed at 25.85. The market closing above the 9 day MA 21 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 24.93, 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 22.27 – 18.68 levels and go long on a weekly reversal stop. If long, use the 18.68 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 28.51 – 31.18 levels during the week.

Direxion Daily Junior Gold Miners Bear 3X Shares (NYSE:JDST)

WEEKLY SUMMARY

TREND MOMENTUM: 9.13 BEARISH

PRICE MOMENTUM: 7.02 BEARISH

PRICE INDICATOR:

EXIT LONGS:

1) 7.79

2) 8.92

EXIT SHORTS:

  • 5.89

  • 5.12

WEEKLY MOVING AVERAGES

The contract closed at 6.66. The market closing below the 9 day MA 9.13 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 7.02, 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 5.89 – 5.12 levels and go long on a weekly reversal stop. If long, use the 5.12 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 7.79 – 8.92 levels during the week.

Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)

WEEKLY SUMMARY

TREND MOMENTUM: 11.59 BULLISH

PRICE MOMENTUM: 12.98 BEARISH

PRICE INDICATOR:

EXIT LONGS:

1) 13.45

2) 15.66

EXIT SHORTS:

  • 10.78

  • 10.31

WEEKLY MOVING AVERAGES

The contract closed at 13.24. The market closing above the 9 day MA 11.59, 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 12.98, 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 11.78 – 10.31 levels and go long on a weekly reversal stop. If long, use the 10.31 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.45 – 15.65 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: 20.17 BULLISH

PRICE MOMENTUM: 21.81 BULLISH

PRICE INDICATOR:

EXIT LONGS:

1) 25.08

2) 26.77

EXIT SHORTS:

  • 20.12

2) 16.85

WEEKLY MOVING AVERAGES

The contract closed at 23.80. The market closing above the 9 day MA 20,17 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 21.81, 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 20.12 – 16.85 levels and go long on a weekly reversal stop. If long, use the 16.85 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 25.08 – 26.77 levels during the week.

Russell 2000

WEEKLY SUMMARY

TREND MOMENTUM: 1250 BEARISH

PRICE MOMENTUM: 1236 BULLISH

PRICE INDICATOR:

EXIT LONGS:

1) 1254

2) 1263

EXIT SHORTS:

  • 1227

  • 1209

WEEKLY MOVING AVERAGES

The contract closed at 1244. The market closing below the 9 day MA 1250 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 1236, 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 1227 – 1209 levels and go long on a weekly reversal stop. If long, use the 1209 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1254 – 1263 levels during the week.

ProShares Ultra Bloomberg Crude Oil (ARCA:UCO)

WEEKLY SUMMARY

TREND MOMENTUM: 8.49 BULLISH

PRICE MOMENTUM: 9.81 BEARISH

PRICE INDICATOR:

EXIT LONGS:

1) 10.32

2) 10.90

EXIT SHORTS:

  • 9.23

  • 10.72

WEEKLY MOVING AVERAGES

The contract closed at 9.73 The market closing above the 9 day MA 8.49 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 below The VC Weekly Price Momentum Indicator of 9.81 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 9.23 – 8.72 levels and go long on a weekly reversal stop. If long, use the 8.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.32 – 10.90 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.

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