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Jnug Price Momentum: Bearish

By Patrick MontesDeOcaMarket OverviewMar 27, 2017 02:36PM ET
www.investing.com/analysis/jnug-price-momentum-:-bearish-200180320
Jnug Price Momentum: Bearish
By Patrick MontesDeOca   |  Mar 27, 2017 02:36PM ET
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The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 3.24 .17

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

C Oil

WEEKLY SUMMARY
TREND MOMENTUM: 52.89 Bearish
PRICE MOMENTUM: 48.70 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 51.12
S1) 49.81
EXIT SHORTS:
B1) 47.39
B2) 46.28

WEEKLY TREND MOMENTUM
The contract closed at 48.51 The market closing below the 9 SMA 52.89 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 48.70 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 47.39 - 46.28 levels and go long on a weekly reversal stop. If long, use the 46.28 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.81 - 51.12 levels during the week.

Light Crude Oil Weekly Chart
Light Crude Oil Weekly Chart

ES

WEEKLY SUMMARY
TREND MOMENTUM: 2339 Bullish
PRICE MOMENTUM: 2352 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2399
1) 2372

EXIT SHORTS:
1) 2325
2) 2305

WEEKLY TREND MOMENTUM
The contract closed at 2345. The market closing above the 9 SMA 2339 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 below The VC Weekly Price Momentum Indicator of 2353 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 2325 - 2305 levels and go long on a weekly reversal stop. If long, use the 2305 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2372 - 2399 levels during the week.

S&P 500 Weekly Chart
S&P 500 Weekly Chart

FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.69 Bullish
PRICE MOMENTUM: 0.69 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.80
S1) 0.75
EXIT SHORTS
B1) 0.64
B2) 0.58

WEEKLY TREND MOMENTUM
The contract closed at 0.67. The market closing below the 9 SMA 0.70 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 0.68 it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR
Cover short on corrections at the 0.65 - 0.62 levels and go long on a weekly reversal stop. If long, use the 0.62 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.

First Mining Finance Corp Weekly Chart
First Mining Finance Corp Weekly Chart

McEwen Mining Inc. (NYSE:MUX)

WEEKLY SUMMARY
TREND MOMENTUM: 3.62 Bearish
PRICE MOMENTUM: 3.14 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 3.46
S1) 3.28
EXIT SHORTS
B1) 2.96
B2) 2.81

WEEKLY TREND MOMENTUM
The contract closed at 3.11 The market closing below the 9 SMA 3.62 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 3.14 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 2.96 - 2.92 levels and go long on a weekly reversal stop. If long, use the 2.92 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.28 - 3.46 levels during the week.

McEwen Mining Weekly Chart
McEwen Mining Weekly Chart

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

WEEKLY SUMMARY
TREND MOMENTUM: 8.70 Bearish
PRICE MOMENTUM: 6.91 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 8.34
1) 7.48
EXIT SHORTS:

  • 6.05
  • 5.48

WEEKLY TREND MOMENTUM
The contract closed at 6.61 The market closing below the 9 SMA 8.70 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend signal to neutral.

WEEKLY PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 6.91 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 6.05 - 5.48 levels and go long on a weekly reversal stop. If long, use the 5.48 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 7.48 - 8.34 levels during the week.

JNUG Weekly Chart
JNUG Weekly Chart

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

WEEKLY SUMMARY

TREND MOMENTUM: 10.36 Bearish
PRICE MOMENTUM: 9.34 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 10.53
1) 9.87
EXIT SHORTS
1) 8.68
2) 8.15

WEEKLY TREND MOMENTUM
The contract closed above 9.21 The market closing below the 9 SMA 10.36 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 PRICE MOMENTUM
With the market closing below The VC Weekly Price Momentum Indicator of 9.34, 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 8.68 - 8.15 levels and go long on a weekly reversal stop. If long, use the 8.15 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 9.87 - 10.53 levels during the week.

NUGT Weekly Chart
NUGT Weekly Chart


USLV (NASDAQ:USLV)

WEEKLY SUMMARY
TREND MOMENTUM: 15.18 Bearish
PRICE MOMENTUM: 14.87 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 15.95
1) 15.56
EXIT SHORTS
1) 14.48
2) 13.79

WEEKLY TREND MOMENTUM
The contract closed at 15.17. The market closing below the 9 SMA 15.18 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 14.87, 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 14.48 - 13.79 levels and go long on a weekly reversal stop. If long, use the 13.79 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 15.56 - 15.95 levels during the week.

USLV Weekly Chart
USLV Weekly Chart

Taseko Mines Limited (NYSE:TGB)

WEEKLY SUMMARY
TREND MOMENTUM: 1.37 Bullish
PRICE MOMENTUM: 1.34 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 1.56
1) 1.46
EXIT SHORTS
1) 1.24
2) 1.12

WEEKLY MOVING AVERAGES
The contract closed at 1.24. The market closing below the 9 SMA 1.37 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 1.27, 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 1.17 - 1.09 levels and go long on a weekly reversal stop. If long, use the 1.09 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.34 - 1.45 levels during the week.

TGB Weekly Chart
TGB Weekly Chart

JDST (NYSE:JDST)

WEEKLY SUMMARY
TREND MOMENTUM: 39.10 Bullish
PRICE MOMENTUM: 38.75 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 40.62
1) 39.98
EXIT SHORTS
1) 38.12
2) 36.90

WEEKLY MOVING AVERAGES
The contract closed at 14.70. The market closing below the 9 SMA 15.94 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 14.14, 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 13.05 - 11.40 levels and go long on a weekly reversal stop. If long, use the 11.40 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 15.79 - 16.88 levels during the week.

JDST Weekly Chart
JDST Weekly Chart

*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.

Jnug Price Momentum: Bearish
 

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Jnug Price Momentum: Bearish

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Gold trader
Gold trader May 01, 2017 12:46PM GMT
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hey, You are losing by more than 300% on your short position on JNUG
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Juan Ignacio
Juan Ignacio Apr 12, 2017 1:12AM GMT
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