The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 2.10.17
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 53.84 Bullish
PRICE MOMENTUM: 53.07 Bullish
PRICE INDICATOR
EXIT LONG:
S2) 55.98
S1) 54.92
EXIT SHORTS:
B1) 52.01
B2) 50.16
WEEKLY TREND MOMENTUM
The contract closed at 53.86 The market closing below the 9 SMA 53.84 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 53.07 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 52.01 - 50.16 levels and go long on a weekly reversal stop. If long, use the 50.16 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 54.92 - 55.98 levels during the week.
ES
WEEKLY SUMMARY
TREND MOMENTUM: 2272 Bullish
PRICE MOMENTUM: 2303 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2337
1) 2323
EXIT SHORTS:
1) 2290
2) 2229
WEEKLY TREND MOMENTUM
The contract closed at 2312. The market closing above the 9 SMA 2272 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 2303 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 2290 - 2269 levels and go long on a weekly reversal stop. If long, use the 2269 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2324 - 2337 levels during the week.
First Mining Finance Corp (V:FF)
WEEKLY SUMMARY
TREND MOMENTUM: 0.63 Bearish
PRICE MOMENTUM: 0.67 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.74
S1) 0.71
EXIT SHORTS
B1) 0.64
B2) 0.60
WEEKLY TREND MOMENTUM
The contract closed at 0.68. The market closing above the 9 SMA 0.63 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 0.67 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 0.64 - 0.60 levels and go long on a weekly reversal stop. If long, use the 0.60 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.71 0.74 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.51 Bullish
PRICE MOMENTUM: 4.22 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 4.64
S1) 4.44
EXIT SHORTS
B1) 4.02
B2) 3.80
WEEKLY TREND MOMENTUM
The contract closed at 4.23 The market closing above the 9 SMA 3.51 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 4.22 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 4.02 - 3.80 levels and go long on a weekly reversal stop. If long, use the 3.80 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.44 - 4.64 levels during the week.
JNUG (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 7.66 Bullish
PRICE MOMENTUM: 9.48 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 11.32
1) 10.69
EXIT SHORTS:
- 8.65
- 7.64
WEEKLY TREND MOMENTUM
The contract closed at 11.94 The market closing above the 9 SMA 7.66 is confirmation that the trend momentum is bullish. A close bel0w the 9 SMA would negate the weekly bullish short-term trend signal to neutral.
WEEKLY PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 11.79 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 10.55 - 9.16 levels and go long on a weekly reversal stop. If long, use the 9.16 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.18 - 14.42 levels during the week.
NUGT (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 8.74 Bullish
PRICE MOMENTUM: 12.88 Bullish
PRICE INDICATOR:
EXIT LONGS
2) 14.60
1) 11.78
EXIT SHORTS
1) 12.07
2) 11.16
WEEKLY TREND MOMENTUM
The contract closed above 12.97 The market closing above the 9 SMA 9.33 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 12.88, 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 12.07 - 11.16 levels and go long on a weekly reversal stop. If long, use the 11.16 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.79 - 14.60 levels during the week.
USLV (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 13.21 Bullish
PRICE MOMENTUM: 15.75 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 16.85
1) 16.44
EXIT SHORTS
1) 15.33
2) 14.65
WEEKLY TREND MOMENTUM
The contract closed at 16.02. The market closing above the 9 SMA 13.21 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 15.75, 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 15.33 - 14.65 levels and go long on a weekly reversal stop. If long, use the 14.65 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 16.44 - 16.85 levels during the week.
AUY (NYSE:AUY)
WEEKLY SUMMARY
TREND MOMENTUM: 3.06 Bullish
PRICE MOMENTUM: 3.53 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 3.78
1) 3.65
EXIT SHORTS
1) 3.40
2) 2.28
WEEKLY MOVING AVERAGES
The contract closed at 3.53. The market closing above the 9 SMA 3.06 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 3.53, 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 3.40 - 3.28 levels and go long on a weekly reversal stop. If long, use the 3.28 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.65 - 3.77 levels during the week.
AGQ (NYSE:AGQ)
WEEKLY SUMMARY
TREND MOMENTUM: 35.44 Bullish
PRICE MOMENTUM: 40.04 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 41.92
1) 41.20
EXIT SHORTS
1) 36.32
2) 38.16
WEEKLY MOVING AVERAGES
The contract closed at 40.49. The market closing above the 9 SMA 35.44 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 40.04, 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 39.32 - 38.16 levels and go long on a weekly reversal stop. If long, use the 38.16 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 41.20 - 41.92 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. This report is for educational purposes only.