USLV Price Momentum: Bullish
Patrick MontesDeOca | Mar 12, 2017 01:51PM ET
The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly 3.10.17
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.
C Oil
WEEKLY SUMMARY
TREND MOMENTUM: 53.34 Bearish
PRICE MOMENTUM: 50.20 Bearish
PRICE INDICATOR
EXIT LONG:
S2) 55.69
S1) 52.09
EXIT SHORTS:
B1) 46.60
B2) 44.71
WEEKLY TREND MOMENTUM
The contract closed at 48.49 The market closing below the 9 SMA 53.34 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 50.20 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 46.60 - 44,71 levels and go long on a weekly reversal stop. If long, use the 44.71 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 52.09 - 55.69 levels during the week.
ES
WEEKLY SUMMARY
TREND MOMENTUM: 2322 Bullish
PRICE MOMENTUM: 2369 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 2396
1) 2384
EXIT SHORTS:
1) 2357
2) 2342
WEEKLY TREND MOMENTUM
The contract closed at 2372. The market closing above the 9 SMA 2322 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 2369 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 2357 - 2342 levels and go long on a weekly reversal stop. If long, use the 2342 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 2384 - 2396 levels during the week.
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First Mining Finance Corp (V:FF)
WEEKLY SUMMARY
TREND MOMENTUM: 0.69 Bullish
PRICE MOMENTUM: 0.69 Bullish
PRICE INDICATOR
EXIT LONGS:
S2) 0.80
S1) 0.75
EXIT SHORTS
B1) 0.64
B2) 0.58
WEEKLY TREND MOMENTUM
The contract closed at 0.71. The market closing above the 9 SMA 0.69 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 0.69 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 0.64 - 58 levels and go long on a weekly reversal stop. If long, use the 0.58 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 0.75 - 80 levels during the week.
McEwen Mining Inc. (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 3.06 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 above The VC Weekly Price Momentum Indicator of 3.03 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 2.91 - 2.77 levels and go long on a weekly reversal stop. If long, use the 2.77 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 3.17 - 3.29 levels during the week.
Direxion Daily Junior Gold Miners (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 9.12 Bearish
PRICE MOMENTUM: 5.97 Bearish
PRICE INDICATOR
EXIT LONGS:
2) 7.32
1) 6.74
EXIT SHORTS:
- 5.39
- 4.62
WEEKLY TREND MOMENTUM
The contract closed at 6.16 The market closing below the 9 SMA 9.12 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 above The VC Weekly Price Momentum Indicator of 5.97 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 5.39 - 4.62 levels and go long on a weekly reversal stop. If long, use the 4.62 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 6.74 - 7.32 levels during the week.
Direxion Daily Gold Miners (NYSE:NUGT)
WEEKLY SUMMARY
TREND MOMENTUM: 10.55 Bearish
PRICE MOMENTUM: 8.07 Bearish
PRICE INDICATOR:
EXIT LONGS
2) 8.24
1) 8.12
EXIT SHORTS
1) 7.95
2) 7.90
WEEKLY TREND MOMENTUM
The contract closed above 8.01 The market closing below the 9 SMA 10.55 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 8.07, 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 7.95 - 7.90 levels and go long on a weekly reversal stop. If long, use the 7.90 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 8.12 - 8.24 levels during the week.
VelocityShares 3x Long Silver (NASDAQ:USLV)
WEEKLY SUMMARY
TREND MOMENTUM: 14.93 Bearish
PRICE MOMENTUM: 13.36 Bullish
PRICE INDICATOR:
EXIT LONGS:
2) 13.75
1) 13.61
EXIT SHORTS
1) 13.22
2) 12.97
WEEKLY TREND MOMENTUM
The contract closed at 13.48. The market closing below the 9 SMA 14.93 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 13.36, 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 13.22 - 12.97 levels and go long on a weekly reversal stop. If long, use the 16.97 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.61 - 13.75levels during the week.
Taseko Mines Limited (NYSE:TGB)
WEEKLY SUMMARY
TREND MOMENTUM: 1.35 Bearish
PRICE MOMENTUM: 1.20 Bearish
PRICE INDICATOR:
EXIT LONGS:
1) 1.29
1) 1.23
EXIT SHORTS
1) 1.14
2) 1.11
WEEKLY MOVING AVERAGES
The contract closed at 1.18. The market closing above at the 9 SMA 1.35 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 1.20, 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 1.14 - 1.11 levels and go long on a weekly reversal stop. If long, use the 1.11 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1.23 - 1.29 levels during the week.
ProShares Ultra Silver (NYSE:AGQ)
WEEKLY SUMMARY
TREND MOMENTUM: 38.61 Bearish
PRICE MOMENTUM: 36.04 Bullish
PRICE INDICATOR:
EXIT LONGS:
1) 36.74
1) 36.48
EXIT SHORTS
1) 35.78
2) 35.34
WEEKLY MOVING AVERAGES
The contract closed at 36.23. The market closing below the 9 SMA 38.61 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 MOMENTUM INDICATOR
With the market closing above The VC Weekly Price Momentum Indicator of 36.04, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bearish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 35.78 - 35.34 levels and go long on a weekly reversal stop. If long, use the 35.34 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 36.48 - 36.74 levels during the week.
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