Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

ETFs, Futures Swing Trading Instructions Weekly April

Published 04/04/2016, 01:39 AM
Updated 07/09/2023, 06:31 AM

The Weekly VC Price Momentum Indicator

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

C OIL

WEEKLY SUMMARY

TREND MOMENTUM: 38.04 Bullish

PRICE MOMENTUM: 39.14 Bearish

PRICE INDICATOR:

EXIT LONG

S2) 43.51

S1) 41.55

EXIT SHORTS:

B1) 37.00

B2) 35.93

WEEKLY MOVING AVERAGES

The contract closed at 38.07 The market closing above the 9 SMA 38.04 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 39.14 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 37.00 – 35.93 levels and go long on a weekly reversal stop. If long, use the 35.93 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 40.21 – 42.35 levels during the week.

ES

WEEKLY SUMMARY

TREND MOMENTUM: 1965 Bullish

PRICE MOMENTUM: 2048 Bullish

PRICE INDICATOR:

EXIT LONGS:

2) 2103

1) 2084

EXIT SHORTS:

  • 2029
  • 1993

WEEKLY MOVING AVERAGES

The contract closed at 2065 The market closing above the 9 SMA 1965 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 2048 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 2029 – 1993 levels and go long on a weekly reversal stop. If long, use the 1993 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2084 – 2103 levels during the week.

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

WEEKLY SUMMARY

TREND MOMENTUM: 4.37 Bearish

PRICE MOMENTUM: 3.30 Bearish

PRICE INDICATOR:

EXIT LONGS:

S2) 4.13

S1) 3.65

EXIT SHORTs

B1) 2.82

B2) 2.47

WEEKLY MOVING AVERAGES

The contract closed at 3.16. The market closing below the 9 SMA 4.37 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 3.30 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 2.82 – 2.47 levels and go long on a weekly reversal stop. If long, use the 2.47 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.65 – 4.13 levels during the week.

SOYBEANS

WEEKLY SUMMARY

TREND MOMENTUM: 8.87 Bullish

PRICE MOMENTUM: 9.11 Bullish

PRICE INDICATOR:

EXIT LONGS:

2) 9.36

1) 9.28

EXIT SHORTS

  • 9.03
  • 8.86

WEEKLY MOVING AVERAGES

The contract closed at 9.19 The market closing above the 9 SMA 8.87 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 9.11 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 9.03 – 8.86 levels and go long on a weekly reversal stop. If long, use the 8.86 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.28 – 9.36 levels during the week.

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

WEEKLY SUMMARY

TREND MOMENTUM: 65.42 Bullish

PRICE MOMENTUM: 73.31 Bullish

PRICE INDICATOR:

EXIT LONGS:

2) 91.44

1) 84.01

EXIT SHORTS:

  • 65.87
  • 55.17

WEEKLY MOVING AVERAGES

The contract closed at 76.58. The market closing above the 9 SMA 65.42 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 73.31, 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 65.87 – 55.17 levels and go long on a weekly reversal stop. If long, use the 55.17 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 84.01 – 91.44 levels during the week.

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

WEEKLY SUMMARY

TREND MOMENTUM: 56.22 Bullish

PRICE MOMENTUM: 58.51 Bearish

PRICE INDICATOR:

EXIT LONGS:

2) 71.03

1) 65.39

EXIT SHORTS

1) 52.86

2) 45.98

WEEKLY MOVING AVERAGES

The contract closed at 59.75 The market closing above the 9 SMA 56.22 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 below VC Weekly Price Momentum Indicator of 58.51, 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 52.86 – 45.98.10 levels and go long on a weekly reversal stop. If long, use the 45.98 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 65.39 – 71.03 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: 12.84 Bearish

PRICE MOMENTUM: 12.03 Bearish

PRICE INDICATOR:

EXIT LONGS:

2) 13.85

1) 12.89

EXIT SHORTS

1) 11.08

2) 10.23

WEEKLY MOVING AVERAGES

The contract closed at 11.94. The market closing below the 9 SMA 12.84 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 12.03, 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 11.08 – 10.23 levels and go long on a weekly reversal stop. If long, use the 10.23 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.89 – 13.85 levels during the week.

ProShares Ultra Bloomberg Crude Oil (NYSE:UCO)

WEEKLY SUMMARY

TREND MOMENTUM: 8.52 Bearish

PRICE MOMENTUM: 8.71 Bearish

PRICE INDICATOR:

EXIT LONGS:

1) 10.20

1) 9.21

EXIT SHORTS

1) 7.73

2) 7.22

WEEKLY MOVING AVERAGES

The contract closed at 8.23. The market closing below the 9 SMA 8.52 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 8.71, 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 7.73 – 7.22 levels and go long on a weekly reversal stop. If long, use the 7.22 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.21 – 10.20 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.