Weekly VC Price Momentum Indicator
ETFs, Stocks & Futures Swings Report
Trading Instructions as of July 28, 2017
Signals are automatically generated by integrating electronic
weekly statistics with proprietary algorithms.
Crude Oil
WEEKLY SUMMARY
- TREND MOMENTUM: 46.19 Bullish
- PRICE MOMENTUM: 48.31
- PRICE INDICATOR
- EXIT LONG:
- S2) 52.72
- S1) 51.21
EXIT SHORTS:
- B1) 46.80
- B2) 43.90
WEEKLY TREND MOMENTUM
The contract closed at 49.71 The market closing above the 9 SMA 46.19 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 48.30 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 46.80 - 43.90 levels and go long on a weekly reversal stop. If long, use the 43.90 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 51.21 - 52.72 levels during the week.
S&P 500 Futures
WEEKLY SUMMARY
- TREND MOMENTUM: 2441 Bullish
- PRICE MOMENTUM: 2473 Bearish
PRICE INDICATOR
EXIT LONGS:
- 2) 2487
- 1) 2478
EXIT SHORTS:
- 1) 2464
- 2) 2459
WEEKLY TREND MOMENTUM
The contract closed at 2470. The market closing above the 9 SMA 2441 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 2473 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 2464 - 2459 levels and go long on a weekly reversal stop. If long, use the 2459 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2478 - 2487 levels during the week.
FFMGF
WEEKLY SUMMARY
- TREND MOMENTUM: 0.50 Bullish
- PRICE MOMENTUM: 0.51 Bullish
PRICE INDICATOR
EXIT LONGS:
- S2) 0.55
- S1) 0.53
EXIT SHORTS
- B1) 0.49
- B2) 0.47
WEEKLY TREND MOMENTUM
The contract closed at 0.51. The market closing above the 9 SMA 0.50 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 PRICE MOMENTUM
With the market closing at The VC Weekly Price Momentum Indicator of 0.51 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 0.49 - 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 0.53 - 0.55 levels during the week.
McEwen Mining Inc. (NYSE:MUX)
WEEKLY SUMMARY
- TREND MOMENTUM: 2.62 Bearish
- PRICE MOMENTUM: 2.62 Bullish
PRICE INDICATOR
EXIT LONGS:
- S2) 2.86
- S1) 2.74
EXIT SHOTS
- B1) 2.50
- B2) 2.38
WEEKLY TREND MOMENTUM
The contract closed at 2.62 The market closing at the 9 SMA 2.62 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 2.62 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 2.50 - 2.38 levels and go long on a weekly reversal stop. If long, use the 2.38 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2.74 - 2.86 levels during the week.
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 17.86 Bullish
PRICE MOMENTUM: 18.75 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 19.08
1) 18.87
EXIT SHORTS:
18.53
18.41
WEEKLY TREND MOMENTUM
The contract closed at 18.66. The market closing above the 9 SMA 17.86 is confirmation that the trend momentum is bullish. A close below 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 18.75 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 18.53 - 18.41 levels and go long on a weekly reversal stop. If long, use the 18.41 as a Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 18.73 - 19.09 levels during the week.
Direxion Daily Gold Miners Bull 3X Shares (NYSE:NUGT)
WEEKLY SUMMARY
- TREND MOMENTUM: 31. 55 Bullish
- PRICE MOMENTUM: 32.15 Bullish
PRICE INDICATOR:
EXIT LONGS
- 2) 36.44
- 1) 34.76
EXIT SHORTS
- 1) 30.47
- 2) 27.86
WEEKLY TREND MOMENTUM
The contract closed at 33.08 The market closing above the 9 SMA 31.35 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 31.07, 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 30.47 - 27.86 levels and go long on a weekly reversal stop. If long, use the 27.86 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 34.76 - 36.44 levels during the week.
VelocityShares 3x Long Silver (NASDAQ:USLV)
WEEKLY SUMMARY
- TREND MOMENTUM: 11.84 Bullish
- PRICE MOMENTUM: 11.73 Bullish
PRICE INDICATOR:
EXIT LONGS:
- 2) 12.48
- 1) 12.18
EXIT SHORTS
- 1) 11.43
- 2) 10.98
WEEKLY TREND MOMENTUM
The contract closed at 11.87 . The market closing above the 9 SMA 11.84 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 11.73 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 11.43 - 10.98 levels and go long on a weekly reversal stop. If long, use the 10.98 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 12.18 - 12.48 levels during the week.
Taseko Mines Limited (NYSE:TGB)
WEEKLY SUMMARY
- TREND MOMENTUM: 1.28 Bullish
- PRICE MOMENTUM: 1.47 Bullish
PRICE INDICATOR:
EXIT LONGS:
- 1) 1.62
- 1) 1.55
EXIT SHORTS
- 1) 1.40
- 2) 1.32
WEEKLY MOVING AVERAGES
The contract closed at 1.49. The market closing above the 9 SMA 1.28 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 1.47, 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 1.40 - 1.32 levels and go long on a weekly reversal stop. If long, use the 1.32 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.55 - 1.62 levels during the week.
SPY (NYSE:SPY)
WEEKLY SUMMARY
- TREND MOMENTUM: 241 Bullish
- PRICE MOMENTUM: 247 Bullish
PRICE INDICATOR:
EXIT LONGS:
- 1) 249
- 1) 248
EXIT SHORTS
- 1) 245
- 2) 244
WEEKLY MOVING AVERAGES
The contract closed at 247 The market closing above the 9 SMA 241 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 at The VC Weekly Price Momentum Indicator of 247, 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 246 - 244 levels and go long on a weekly reversal stop. If long, use the 244 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 248 - 249 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.