The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 3.2.17
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
WEEKLY SUMMARY
TREND MOMENTUM: 54.37 Bearish
PRICE MOMENTUM: 54.12 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 55.80
S1) 54.89
EXIT SHORTS:
B1) 53.22
B2) 52.44
WEEKLY TREND MOMENTUM
The contract closed at 53.99 The market closing below the 9 SMA 54.37 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 below The VC Weekly Price Momentum Indicator of 54.12 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 53.22 - 52.44 levels and go long on a weekly reversal stop. If long, use the 52.44 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 54.90 - 55.80 levels during the week.
WEEKLY SUMMARY
TREND MOMENTUM: 2295 Bullish
PRICE MOMENTUM: 2360 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2382
1) 2373
EXIT SHORTS:
1) 2351
2) 2338
WEEKLY TREND MOMENTUM
The contract closed at 2365. The market closing above the 9 SMA 2295 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 2360 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 2351 - 2338 levels and go long on a weekly reversal stop. If long, use the 2338 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2373 - 2382 levels during the week.
FFMGF (V:FF)
WEEKLY SUMMARY
TREND MOMENTUM: 0.68 Bullish
PRICE MOMENTUM: 0.80 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.88
S1) 0.85
EXIT SHORTS
B1) 0.77
B2) 0.72
WEEKLY TREND MOMENTUM
The contract closed at 0.81. The market closing above the 9 SMA 0.68 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 0.80 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 0.77 - 72 levels and go long on a weekly reversal stop. If long, use the 0.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.85 - 0.88 levels during the week.
MUX (NYSE:MUX)
WEEKLY SUMMARY
TREND MOMENTUM: 3.78 Bearish
PRICE MOMENTUM: 3.87 Bearish
PRICE INDICATOR
EXIT LONGS:
S2) 4.30
S1) 4.02
EXIT SHORTS
B1) 3.59
B2) 3.44
WEEKLY TREND MOMENTUM
The contract closed at 3.74 The market closing below the 9 SMA 3.78 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 3.87 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 3.59 - 3.44 levels and go long on a weekly reversal stop. If long, use the 3.44 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 4.02 - 4.30 levels during the week.
JNUG (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 9.15 Bullish
PRICE MOMENTUM: 10.73 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 12.46
1) 11.46
EXIT SHORTS:
- 9.73
- 9.00
WEEKLY TREND MOMENTUM
The contract closed at 10.46 The market closing above the 9 SMA 9.15 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 below The VC Weekly Price Momentum Indicator of 10.73 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 9.73 - 9.00 levels and go long on a weekly reversal stop. If long, use the 9.00 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 11.46 - 12.46 levels during the week.
NUGT (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 10.59 Bullish
PRICE MOMENTUM: 11.45 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 12.94
1) 12.10
EXIT SHORTS
1) 10.61
2) 9.96
WEEKLY TREND MOMENTUM
The contract closed above 11.26 The market closing above the 9 SMA 10.59 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 11.45, 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 10.61 - 9.96 levels and go long on a weekly reversal stop. If long, use the 9.96 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.10 - 12.94 levels during the week.
USLV (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 14.36 Bullish
PRICE MOMENTUM: 17.07 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 17.23
1) 17.13
EXIT SHORTS
1) 16.97
2) 16.91
WEEKLY TREND MOMENTUM
The contract closed at 17.02. The market closing above the 9 SMA 14.36 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 17.07, 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 16.97 - 16.91 levels and go long on a weekly reversal stop. If long, use the 16.91 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 17.13 - 17.23 levels during the week.
AUY (NYSE:AUY)
WEEKLY SUMMARY
TREND MOMENTUM: 3.09 Bearish
PRICE MOMENTUM: 3.23 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 3.67
1) 3.38
EXIT SHORTS
1) 2.94
2) 2.79
WEEKLY MOVING AVERAGES
The contract closed at 2.79. The market closing above at the 9 SMA 3.14 is confirmation that the trend momentum is bearish. A close above 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 2.87, 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 2.66 - 2.52 levels and go long on a weekly reversal stop. If long, use the 2.52 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.00 - 3.22 levels during the week.
AGQ (NYSE:AGQ)
WEEKLY SUMMARY
TREND MOMENTUM: 37.50 Bullish
PRICE MOMENTUM: 41.53 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 44.07
1) 43.14
EXIT SHORTS
1) 40.60
2) 38.99
WEEKLY MOVING AVERAGES
The contract closed at 42.20. The market closing above the 9 SMA 37.50 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 41.53, it confirms that the price momentum is bearish. A close below the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 40.60 - 38.99 levels and go long on a weekly reversal stop. If long, use the 38.99 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 43.14 - 44.07 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.