The Weekly VC Price Momentum Indicator
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 41.49 Bullish
PRICE MOMENTUM: 45.09 Bullish
PRICE INDICATOR:
EXIT LONG
S2) 49.37
S1) 47.68
EXIT SHORTS:
B1) 43.40
B2) 40.81
WEEKLY MOVING AVERAGES
The contract closed at 45.99 The market closing above the 9 SMA 41.49 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 45.09 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 43.40 – 40.81 levels and go long on a weekly reversal stop. If long, use the 40.81 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 47.68 – 49.37 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2044 Bullish
PRICE MOMENTUM: 2067 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 2115
1) 2087
EXIT SHORTS:
2039
- 2019
WEEKLY MOVING AVERAGES
The contract closed at 2060 The market closing above the 9 SMA 2044 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 2067 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 2039 – 2019 levels and go long on a weekly reversal stop. If long, use the 2019 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2087 – 2115 levels during the week.
Direxion Daily Gold Miners Bear 3X Shares (NYSE:DUST)
WEEKLY SUMMARY
TREND MOMENTUM: 2.83 Bearish
PRICE MOMENTUM: 1.58 Bearish
PRICE INDICATOR:
EXIT LONGS:
S2) 2.38
S1) 1.85
EXIT SHORTs
B1) 1.05
B2) 0.78
WEEKLY MOVING AVERAGES
The contract closed at 1.32. The market closing below the 9 SMA 2.83 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 1.58 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 1.05 – 0.78 levels and go long on a weekly reversal stop. If long, use the 0.78 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.85 – 2.38 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 3.69 Bullish
PRICE MOMENTUM: 3.86 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 4.09
1) 4.00
EXIT SHORTS
- 3.77
- 3.63
WEEKLY MOVING AVERAGES
The contract closed at 3.92 The market closing above the 9 SMA 3.69 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 3.86 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 3.77 -3.63 levels and go long on a weekly reversal stop. If long, use the 3.63 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.00 – 4.09 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 97.13 Bullish
PRICE MOMENTUM: 157.72 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 222
1) 200
EXIT SHORTS:
- 136.39
- 93.86
WEEKLY MOVING AVERAGES
The contract closed at 178.91 The market closing above the 9 SMA 97.13 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 157.72, 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 136.39 – 93.86 levels and go long on a weekly reversal stop. If long, use the 93.86 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 200 – 222 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 73 Bullish
PRICE MOMENTUM: 105.79 Bearish
PRICE INDICATOR:
EXIT LONGS:
2) 145.85
1) 132.46
EXIT SHORTS
1) 92.39
2) 65.72
WEEKLY MOVING AVERAGES
The contract closed at 119.07 The market closing above the 9 SMA 73 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 105.79, 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 92.39 – 85.72 levels and go long on a weekly reversal stop. If long, use the 85.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 132.46 – 145.86 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: 14.24 Bullish
PRICE MOMENTUM: 18.66 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 21.85
1) 20.65
EXIT SHORTS
1) 17.45
2) 15.46
WEEKLY MOVING AVERAGES
The contract closed at 19.44. The market closing above the 9 SMA 14.24 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 18.66, 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 17.46 – 15 47 levels and go long on a weekly reversal stop. If long, use the 15.47 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.65 levels – 20.64 – 21.85 during the week.
ProShares Ultra Bloomberg Crude Oil (NYSE:UCO)
WEEKLY SUMMARY
TREND MOMENTUM: 9.88 Bullish
PRICE MOMENTUM: 11.43 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 13.39
1) 12.59
EXIT SHORTS
1) 10.63
2) 9.47
WEEKLY MOVING AVERAGES
The contract closed at 11.79. The market closing above the 9 SMA 9.88 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 11.43, 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 10.63 – 9.47 levels and go long on a weekly reversal stop. If long, use the 9.47 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 11.55 – 12.59 – 13.93 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.