Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.
WEEKLY MOVING AVERAGES
The December gold futures contract closed at 1232. The market closing below the 50 day MA (1290) is confirmation that the weekly trend momentum is bearish. A close above the 50 day 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 1244, 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 1215 – 1199 levels and go long on a weekly reversal stop. If long, use the 1199 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1261 – 1289 levels during the week.
WEEKLY MOVING AVERAGES
The December silver futures contract closed at 18.62. The market closing below the 9 day MA (19.85) is confirmation that the weekly trend momentum is bearish. A close above the 9 day 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 18.80, 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 18.26 – 17.91 levels and go long on a weekly reversal stop. If long, use the 17.91 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 19.16 – 19.69 levels during the week.
Direxion Daily Jr Gld Mnrs Bull 3X (NYSE:JNUG)
WEEKLY MOVING AVERAGES
The contract closed at 16.91. The market closing below the 9 day MA (23.99) 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 17.35 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 15.61 – 14.31 levels and go long on a weekly reversal stop. If long, use the 14.31 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 18.65 – 20.40 levels during the week.
SPDR S&P 500 Low Volatility GBP (LONDON:USLV)
WEEKLY MOVING AVERAGES
The contract closed at 35.60. The market closing below the 9 day MA (43.57) 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 36.42 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 34.13 – 32.65 levels and go long on a weekly reversal stop. If long, use the 32.65 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 37.9 – 40.19 levels during the week.
SPDR Gold Trust (ARCA:GLD)
WEEKLY MOVING AVERAGES
The contract closed at 118.07. The market closing below the 9 day MA (123.94) 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 119.35 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 117.10 – 115.81 levels and go long on a weekly reversal stop. If long, use the 115.81 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 120.64 – 122.90 levels during the week.
WEEKLY MOVING AVERAGES
The contract closed at 1.161. The market closing above the 50 day MA (1.144) is confirmation that the trend momentum is bullish. A close below the 50 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 1.163 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 1.153 – 1.144 levels and go long on a weekly reversal stop. If long, use the 1.144 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.172 – 1.182 levels during the week.
ProShares Ultra DJ-UBS Crude Oil (ARCA:UCO)
WEEKLY MOVING AVERAGES
The contract closed at 30.29. The market closing below the 50 day MA (33.66) is confirmation that the trend momentum is bearish. A close above the 50 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 30.31 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 29.50 – 28.72 levels and go long on a weekly reversal stop. If long, use the 28.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 31.09 – 31.90 levels during the week.
Disclosure: 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.
Trading Derivatives, Financial Instruments And Precious Metals Involves Significant Risk Of Loss And Is Not Suitable For Everyone. Past Performance Is Not Necessarily Indicative Of Future Results.