JDST: Contract Closed At 6.66, Trend Momentum Is Bearish

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

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

WEEKLY SUMMARY

TREND MOMENTUM: 21 BULLISH

PRICE MOMENTUM: 24.93 BULLISH

PRICE INDICATOR:

EXIT LONGS:

1) 28.52

2) 31.18

EXIT SHORTS:

• 22.27

• 18.68

WEEKLY MOVING AVERAGES

The contract closed at 25.85. The market closing above the 9 day MA 21 is confirmation that the trend momentum is bullish. A close below the 9 MA 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 24.93, 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 22.27 – 18.68 levels and go long on a weekly reversal stop. If long, use the 18.68 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 28.51 – 31.18 levels during the week.

Direxion Daily Junior Gold Miners Bear 3X Shares (NYSE:JDST)

WEEKLY SUMMARY

TREND MOMENTUM: 9.13 BEARISH

PRICE MOMENTUM: 7.02 BEARISH

PRICE INDICATOR:

EXIT LONGS:

1) 7.79

2) 8.92

EXIT SHORTS:

• 5.89

• 5.12

WEEKLY MOVING AVERAGES

The contract closed at 6.66. The market closing below the 9 day MA 9.13 is confirmation that the trend momentum is bearish. A close above the 9 MA 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 7.02, 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 5.89 – 5.12 levels and go long on a weekly reversal stop. If long, use the 5.12 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 7.79 – 8.92 levels during the week.

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

WEEKLY SUMMARY

TREND MOMENTUM: 11.59 BULLISH

PRICE MOMENTUM: 12.98 BEARISH

PRICE INDICATOR:

EXIT LONGS:

1) 13.45

2) 15.66

EXIT SHORTS:

• 10.78

• 10.31

WEEKLY MOVING AVERAGES

The contract closed at 13.24. The market closing above the 9 day MA 11.59, is confirmation that the trend momentum is bullish. A close below the 9 MA 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 12.98, 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 11.78 – 10.31 levels and go long on a weekly reversal stop. If long, use the 10.31 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.45 – 15.65 levels during the week.

VelocityShares 3x Long Silver linked to S&P GSCI Silver ER Exp 14 Oct 2031 (NASDAQ:USLV)

WEEKLY SUMMARY

TREND MOMENTUM: 20.17 BULLISH

PRICE MOMENTUM: 21.81 BULLISH

PRICE INDICATOR:

EXIT LONGS:

1) 25.08

2) 26.77

EXIT SHORTS:

• 20.12

2) 16.85

WEEKLY MOVING AVERAGES

The contract closed at 23.80. The market closing above the 9 day MA 20,17 is confirmation that the trend momentum is bullish. A close below the 9 MA 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 21.81, 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 20.12 – 16.85 levels and go long on a weekly reversal stop. If long, use the 16.85 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 25.08 – 26.77 levels during the week.

Russell 2000

WEEKLY SUMMARY

TREND MOMENTUM: 1250 BEARISH

PRICE MOMENTUM: 1236 BULLISH

PRICE INDICATOR:

EXIT LONGS:

1) 1254

2) 1263

EXIT SHORTS:

• 1227

• 1209

WEEKLY MOVING AVERAGES

The contract closed at 1244. The market closing below the 9 day MA 1250 is confirmation that the trend momentum is bearish. A close above the 9 MA 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 1236, 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 1227 – 1209 levels and go long on a weekly reversal stop. If long, use the 1209 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1254 – 1263 levels during the week.

ProShares Ultra Bloomberg Crude Oil (ARCA:UCO)

WEEKLY SUMMARY

TREND MOMENTUM: 8.49 BULLISH

PRICE MOMENTUM: 9.81 BEARISH

PRICE INDICATOR:

EXIT LONGS:

1) 10.32

2) 10.90

EXIT SHORTS:

• 9.23

• 10.72

WEEKLY MOVING AVERAGES

The contract closed at 9.73 The market closing above the 9 day MA 8.49 is confirmation that the trend momentum is bullish. A close below the 9 MA 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 9.81 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 9.23 – 8.72 levels and go long on a weekly reversal stop. If long, use the 8.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.32 – 10.90 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.

Written By: Patrick MontesDeOca