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JNUG Trend Momentum: Bearish

Published 05/23/2017, 12:12 PM
Updated 07/09/2023, 06:31 AM

The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 5.19 .17

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

Crude Oil

WEEKLY SUMMARY
TREND MOMENTUM: 50 Bearish
PRICE MOMENTUM: 50.09 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 50.76
S1) 49.42

EXIT SHORTS:
B1) 48.74
B2) 49.41

WEEKLY TREND MOMENTUM
The contract closed at 48.08 The market closing below the 9 SMA 50 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 50.09 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 48.74 - 49.41 levels and go long on a weekly reversal stop. If long, use the 49.41 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 49.42 - 50.77 levels during the week.
Crude Oil Weekly Chart

ES

WEEKLY SUMMARY
TREND MOMENTUM: 2364 Bullish
PRICE MOMENTUM: 2377 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2437
1) 2410

EXIT SHORTS:
1) 2350
2) 2317

WEEKLY TREND MOMENTUM
The contract closed at 2382. The market closing above the 9 SMA 2364 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 2377 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 2350 - 2317 levels and go long on a weekly reversal stop. If long, use the 2317 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2410 - 2437 levels during the week.

ES Weekly Chart

FFMGF
WEEKLY SUMMARY
TREND MOMENTUM: 0.55 Bearish
PRICE MOMENTUM: 0.53 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.59
S1) 0.56

EXIT SHORTS
B1) 0.50
B2) 0.47

WEEKLY TREND MOMENTUM
The contract closed at 0.52. The market closing below the 9 SMA 0.55 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 0.53 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 0.50 - 0.47 levels and go long on a weekly reversal stop. If long, use the 0.47 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.56 - 0.59 levels during the week.

FFMGF Weekly Chart

McEwen Mining Inc. (NYSE:MUX)

WEEKLY SUMMARY
TREND MOMENTUM: 3.01 Bearish
PRICE MOMENTUM: 2.91 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 3.18
S1) 3.03
EXIT SHORTS
B1) 2.77
B2) 2.64

WEEKLY TREND MOMENTUM
The contract closed at 2.89 The market closing below the 9 SMA 3.01 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 2.91 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 2.77 - 2.64 levels and go long on a weekly reversal stop. If long, use the 2.64 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.03 - 3.18 levels during the week.

MUX Weekly Chart

JNUG (NYSE:JNUG)

WEEKLY SUMMARY
TREND MOMENTUM: 22.09 Bearish
PRICE MOMENTUM: 19.09 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 22.86
1) 20.65

EXIT SHORTS:

  • 16.88
  • 15.32

WEEKLY TREND MOMENTUM
The contract closed at 18.44 The market closing below the 9 SMA 22.09 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 19.09 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 16.88 - 15.32 levels and go long on a weekly reversal stop. If long, use the 15.32 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.65 - 22.86 levels during the week.

JNUG Weekly Chart


NUGT (NYSE:NUGT)

WEEKLY SUMMARY
TREND MOMENTUM: 36.46 Bearish
PRICE MOMENTUM: 35.85 Bullish
PRICE INDICATOR:
EXIT LONGS
2) 41.25
1) 38.16

EXIT SHORTS
1) 32.76
2) 30.45

WEEKLY TREND MOMENTUM
The contract closed at 35.07 The market closing below the 9 SMA 36.46 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 35.85, 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 32.76 - 30.45 levels and go long on a weekly reversal stop. If long, use the 30.45 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 38.16 - 41.25 levels during the week.

NUGT Weekly Chart

USLV (NASDAQ:USLV)

WEEKLY SUMMARY
TREND MOMENTUM: 14.37 Bearish
PRICE MOMENTUM: 12.42 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 13.76
1) 13.15
EXIT SHORTS
1) 11.81
2) 11.08

WEEKLY TREND MOMENTUM
The contract closed at 12.55. The market closing below the 9 SMA 14.37 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 PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 12.42, 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 11.81 - 11.08 levels and go long on a weekly reversal stop. If long, use the 11.08 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.15 - 13.76 levels during the week.

USLV Weekly Chart

Taseko Mines Limited (NYSE:TGB)

WEEKLY SUMMARY
TREND MOMENTUM: 1.20 Bullish
PRICE MOMENTUM: 1.25 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 1.48
1) 1.40
EXIT SHORTS
1) 1.17
2) 1.02

WEEKLY MOVING AVERAGES
The contract closed at 1.31. The market closing above the 9 SMA 1.20 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 1.25, 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 1.17 - 1.02 levels and go long on a weekly reversal stop. If long, use the 1.02 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.40 - 1.48 levels during the week.
TGB Weekly Chart

JDST (NYSE:JDST)

WEEKLY SUMMARY
TREND MOMENTUM: 67.05 Bullish
PRICE MOMENTUM: 71.70 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 74.94
1) 74.31
EXIT SHORTS
1) 71.07
2) 68.46

WEEKLY MOVING AVERAGES
The contract closed at 73.68. The market closing above the 9 SMA 67.05 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 71.70, 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 71.07 - 68.46 levels and go long on a weekly reversal stop. If long, use the 68.46 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 74.31 - 74.94 levels during the week.
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.

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