WEEKLY SUMMARY
TREND MOMENTUM: 36.87 Bullish
PRICE MOMENTUM: 39.94 Bearish
PRICE INDICATOR:
EXIT LONG
S2) 43.51
S1) 41.55
EXIT SHORTS:
B1) 37.98
B2) 36.37
WEEKLY MOVING AVERAGES
The contract closed at 39.59 The market closing above the 9 SMA 36.87 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 below The VC Weekly Price Momentum Indicator of 39.84 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 37.98 – 36.37 levels and go long on a weekly reversal stop. If long, use the 36.37 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 41.55 – 43.51 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 1934 Bullish
PRICE MOMENTUM: 2026 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 2074
1) 2056
EXIT SHORTS:
2008
1978
WEEKLY MOVING AVERAGES
The contract closed at 2039 The market closing above the 9 SMA 1934 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 2026 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 2008 – 1978 levels and go long on a weekly reversal stop. If long, use the 1978 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2056 – 2074 levels during the week.
Direxion Daily Gold Miners Bear 3X Shares (NYSE:DUST)
WEEKLY SUMMARY
TREND MOMENTUM: 5.53 Bearish
PRICE MOMENTUM: 3.47 Bullish
PRICE INDICATOR:
EXIT LONGS:
S2) 4.37
S1) 3.98
EXIT SHORTs
B1) 3.07
B2) 2.55
WEEKLY MOVING AVERAGES
The contract closed at 3.59. The market closing below the 9 SMA 5.53 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 above The VC Weekly Price Momentum Indicator of 3.47 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 3.07 – 2.56 levels and go long on a weekly reversal stop. If long, use the 2.56 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.98 – 4.37 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 8.83 Bullish
PRICE MOMENTUM: 9.05 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 9.27
1) 9.18
EXIT SHORTS
8.97
8.83
WEEKLY MOVING AVERAGES
The contract closed at 9.10 The market closing above the 9 SMA 8.83 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 9.05 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 8.97 – 8.83 levels and go long on a weekly reversal stop. If long, use the 8.8.83 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.18 – 9.28 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 60.16 Bullish
PRICE MOMENTUM: 72.91 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 95.22
1) 81.24
EXIT SHORTS:
58.92
50.59
WEEKLY MOVING AVERAGES
The contract closed at 67.26. The market closing above the 9 SMA 60.16 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 72.91, 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 58.92 – 50.59 levels and go long on a weekly reversal stop. If long, use the 50.59 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 81.24 – 95.22 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 52.43 Bullish
PRICE MOMENTUM: 58.69 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 77.75
1) 66.18
EXIT SHORTS
1) 47.12
2) 39.63
WEEKLY MOVING AVERAGES
The contract closed at 54.61 The market closing above the 9 SMA 52.43 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 58.69, 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 47.12 – 39.63.10 levels and go long on a weekly reversal stop. If long, use the 39.63 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 66.18 – 77.75 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: 12.69 Bearish
PRICE MOMENTUM: 12.91 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 15.09
1) 13.65
EXIT SHORTS
1) 11.47
2) 10.73
WEEKLY MOVING AVERAGES
The contract closed at 12.20. The market closing below the 9 SMA 12.69 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 12.91, 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 11.47 – 10.73 levels and go long on a weekly reversal stop. If long, use the 10.73 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.64 – 15.09 levels during the week.
ProShares Ultra Bloomberg Crude Oil (NYSE:UCO)
WEEKLY SUMMARY
TREND MOMENTUM: 8.86 Bullish
PRICE MOMENTUM: 9.77 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 11.53
1) 10.56
EXIT SHORTS
1) 8.80
2) 8.01
WEEKLY MOVING AVERAGES
The contract closed at 9.58. The market closing above the 9 SMA 8.86 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 9.77, 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 8.80 – 8.01 levels and go long on a weekly reversal stop. If long, use the 8.01 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.55 – 11.53 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.