JNUG Trend Momentum: Bullish
Patrick MontesDeOca | Mar 05, 2017 11:54AM ET
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.
C OIL
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.
ES
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.
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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.
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