8/15/2011 - CORN E-CBOT Continuous THE VULCAN REPORT Review of $0$ ZC - CORN E-CBOT Continuous (@:ZCC1#I) as of Friday, August 12, 2011 Today's Price Action Change -1.5000 (-0.21%) prices closed lower than they opened. with weak Bids going into the close. A bearish harami occurred (where the current small black body is contained within an unusually large white body). During an uptrend (which appears to be the case with $0$ ZC - CORN E-CBOT Continuous) this pattern implies an end to the rally as the bulls appear to have exhausted themselves. During a downtrend the bearish harami pattern is bullish as the bulls appear to be gaining strength as the bears weaken. A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 0.04 Swing Vix: -1.22 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Sold Buy 23 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $0$ ZC - CORN E-CBOT Continuous's price has been unchanged, and has ranged from a high of 707.75 to a low of 697.50. MOMENTUM MARKET TREND - Currently the TREND is . TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 587.58 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 626.28 INTRADAY PRICE PROJECTIONS RESISTANCE 708.26 - GO LONG here 712.42 place stoploss here 691.92 SUPPORT 696.99 - GO SHORT here 691.92 - place stoploss here 712.42 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 734.08- GO LONG here 734.08 place stoploss here 691.92 PulseWave BreakOut SUPPORT - 646.50- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,224.10 Long term Trend Line resistance is currently at - 799.75 Long term Trend Line support is currently at - 587.58 VOLATILITY On 8/12/2011, $0$ ZC - CORN E-CBOT Continuous closed below the upper band by 23.5%.
8/15/2011 - CORN - TEUCRIUM CORN FD ETF THE VULCAN REPORT Review of $1$ CORN - TEUCRIUM CORN FD (CORN.K) as of Friday, August 12, 2011 Today's Price Action Change -0.0140 (-0.03%) prices closed lower than they opened. with weak Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 5.48 Swing Vix: 5.19 The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Bought Sell 17 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ CORN - TEUCRIUM CORN FD's price has been unchanged, and has ranged from a high of 47.66 to a low of 46.89. MOMENTUM MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation. TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 36.28 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 39.88 INTRADAY PRICE PROJECTIONS RESISTANCE 47.70 - GO LONG here 48.04 place stoploss here 46.50 SUPPORT 46.85 - GO SHORT here 46.50 - place stoploss here 48.04 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 48.90- GO LONG here 48.90 place stoploss here 46.50 PulseWave BreakOut SUPPORT - 44.20- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 73.75 Long term Trend Line resistance is currently at - 48.77 Long term Trend Line support is currently at - 36.28 VOLATILITY On 8/12/2011, $1$ CORN - TEUCRIUM CORN FD closed below the upper band by 12.7%.
8/15/2011 - DIG - PROSHARES ULTRA OIL & GAS ETF (DIG) THE VULCAN REPORT Review of $1$ DIG - PROSHARES ULTRA OIL & GAS ETF (DIG) as of Friday, August 12, 2011 Today's Price Action Change prices closed lower than they opened. with weak Bids going into the close. 0.7900 (1.89%) MARKET SENTIMENT PulseScan Swing Vix PulseScan: -33.82 Swing Vix: -34.92 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 1 period(s) ago. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Sold Buy 1 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ DIG - PROSHARES ULTRA OIL & GAS ETF's price has increased 1.89% , and has ranged from a high of 43.65 to a low of 38.21. MOMENTUM MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution. TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 44.58 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 48.21 INTRADAY PRICE PROJECTIONS RESISTANCE 43.73 - GO LONG here 44.35 place stoploss here 41.29 SUPPORT 42.04 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 62.89- PulseWave BreakOut SUPPORT - 53.01- MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 44.58 Long term Trend Line support is currently at - 25.53 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = -12.57 VOLATILITY On 8/12/2011, $1$ DIG - PROSHARES ULTRA OIL & GAS ETF closed above the lower band by 21.2%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
THE VULCAN REPORT Review of $0$ DX - US DOLLAR INDEX ICE Continuous (@XC1#I) as of Monday, August 15, 2011 Today's Price Action Change -0.7600 (-1.02%) prices closed lower than they opened. with weak Bids going into the close. Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -8.06 Swing Vix: -4.68 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 2 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Sold Buy 12 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $0$ DX - US DOLLAR INDEX ICE Continuous's price has decreased 0.95%, and has ranged from a high of 75.39 to a low of 73.84. MOMENTUM MARKET TREND - Currently the TREND is . TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 78.25 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 77.12 INTRADAY PRICE PROJECTIONS RESISTANCE 74.78 - GO LONG here 75.08 place stoploss here 73.28 SUPPORT 73.79 - GO SHORT here 73.28 - place stoploss here 75.08 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 76.55- PulseWave BreakOut SUPPORT - 73.06- GO SHORT here 73.06 place stoploss here 75.08 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 78.25 Long term Trend Line support is currently at - 72.86 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 62.08 VOLATILITY On 8/15/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed above the lower band by 20.1%.
THE VULCAN REPORT Review of $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF (TYD) as of Monday, August 15, 2011 Today's Price Action Change -0.7700 (-1.07%) prices closed lower than they opened. with weak Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 30.79 Swing Vix: 31.96 The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 2 period(s) ago. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Bought Sell 4 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF's price has increased 1.27% , and has ranged from a high of 72.23 to a low of 68.67. MOMENTUM MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation. TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 62.06 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 58.01 INTRADAY PRICE PROJECTIONS RESISTANCE 71.95 - SUPPORT 71.01 - GO SHORT here 70.48 - place stoploss here 72.20 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 62.95- PulseWave BreakOut SUPPORT - 59.52- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 98.22 Long term Trend Line resistance is currently at - 74.11 Long term Trend Line support is currently at - 62.06 VOLATILITY On 8/15/2011, $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF closed below the upper band by 18.3%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. ==========================================
THE VULCAN REPORT Review of $0$ EUR/USD FOREX EURO DOLLAR CURRENCY ($EUR/USD SPOT) as of Monday, August 15, 2011 Today's Price Action Change 0.0196 (1.38%) prices closed higher than they opened. with strong Bids going into the close. Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 0.08 Swing Vix: -3.51 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Bought Sell 46 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not. This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops. *Since the last Swing Vix signal, $0$ EUR/USD FOREX EURO DOLLAR CURRENCY's price has been unchanged, and has ranged from a high of 1.4475 to a low of 1.4253. MOMENTUM MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 1.4279 is needed to re-establish the downward trend. However a close above 1.4441 will establish a new upward trend. TREND STRENGTH - ,,, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1.3756 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1.3944 INTRADAY PRICE PROJECTIONS RESISTANCE 1.4486 - SUPPORT 1.4242 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 1.4562- PulseWave BreakOut SUPPORT - 1.3902- VOLATILITY On 8/15/2011, $0$ EUR/USD FOREX EURO DOLLAR CURRENCY closed below the upper band by 16.1%. =========================================
THE VULCAN REPORT Review of $1$ DDM - PROSHARES ULTRA DOW 30 ETF (DDM) as of Monday, August 15, 2011 Today's Price Action Change 1.9000 (3.68%) prices closed higher than they opened. with strong Bids going into the close. Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -25.16 Swing Vix: -28.26 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 2 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Sold Buy 2 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ DDM - PROSHARES ULTRA DOW 30 ETF's price has increased 6.53% , and has ranged from a high of 53.58 to a low of 47.30. MOMENTUM MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution. TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 53.81 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 56.23 INTRADAY PRICE PROJECTIONS RESISTANCE 53.64 - GO LONG here 54.43 place stoploss here 51.84 SUPPORT 52.22 - GO SHORT here 51.84 - place stoploss here 54.43 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 67.66- PulseWave BreakOut SUPPORT - 43.99- GO SHORT here 43.99 place stoploss here 54.43 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 53.81 Long term Trend Line support is currently at - 39.89 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 12.05 VOLATILITY On 8/15/2011, $1$ DDM - PROSHARES ULTRA DOW 30 ETF closed above the lower band by 32.6%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. ======================================== THE VULCAN REPORT Review of $1$ DIG - PROSHARES ULTRA OIL & GAS ETF (DIG) as of Monday, August 15, 2011 Today's Price Action Change 2.8400 (6.65%) prices closed higher than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -26.48 Swing Vix: -29.29 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 2 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Sold Buy 2 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ DIG - PROSHARES ULTRA OIL & GAS ETF's price has increased 8.67% , and has ranged from a high of 45.57 to a low of 38.21. MOMENTUM MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution. TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 44.58 Today's Rally pushed prices on the close above the long term trendline resistance - This is Bullish as the market is now under heavy Accumulation. The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 48.21 Today's Rally pushed prices on the close above the long term trendline resistance - This is Bullish as the market is now under heavy Accumulation. INTRADAY PRICE PROJECTIONS RESISTANCE 45.67 - GO LONG here 46.93 place stoploss here 42.81 SUPPORT 43.41 - GO SHORT here 42.81 - place stoploss here 46.93 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 62.89- PulseWave BreakOut SUPPORT - 33.50- GO SHORT here 33.50 place stoploss here 46.93 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 44.58 Long term Trend Line support is currently at - 25.53 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = -12.57 VOLATILITY On 8/15/2011, $1$ DIG - PROSHARES ULTRA OIL & GAS ETF closed above the lower band by 31.6%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. ==================================== THE VULCAN REPORT Review of $1$ FAS - DIREXION DAILY FIN BULL 3X ETF (FAS) as of Monday, August 15, 2011 Today's Price Action Change 1.2910 (9.18%) prices closed higher than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -16.48 Swing Vix: -19.37 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 4 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Sold Buy 4 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ FAS - DIREXION DAILY FIN BULL 3X ETF's price has increased 1.59% , and has ranged from a high of 15.66 to a low of 8.72. MOMENTUM MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution. TREND STRENGTH - STRONG - Bearish Trend,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 21.51 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 25.75 INTRADAY PRICE PROJECTIONS RESISTANCE 15.42 - GO LONG here 15.91 place stoploss here 14.29 SUPPORT 14.53 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 26.51- PulseWave BreakOut SUPPORT - 21.30- MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 21.51 Long term Trend Line support is currently at - 8.72 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = -16.85 VOLATILITY On 8/15/2011, $1$ FAS - DIREXION DAILY FIN BULL 3X ETF closed above the lower band by 23.9%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
THE VULCAN REPORT Review of $1$ QLD - PROSHARES ULTRA QQQ ETF (QLD) as of Monday, August 15, 2011 Today's Price Action Change 2.2500 (2.94%) prices closed higher than they opened. with strong Bids going into the close. Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -22.79 Swing Vix: -25.86 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 2 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Sold Buy 4 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ QLD - PROSHARES ULTRA QQQ ETF's price has increased 4.66% , and has ranged from a high of 78.93 to a low of 70.60. MOMENTUM MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 73.93. TREND STRENGTH - ,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 73.93 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 80.64 INTRADAY PRICE PROJECTIONS RESISTANCE 79.05 - GO LONG here 80.47 place stoploss here 75.79 SUPPORT 76.47 - GO SHORT here 75.79 - place stoploss here 80.47 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 98.35- PulseWave BreakOut SUPPORT - 64.12- GO SHORT here 64.12 place stoploss here 80.47 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 73.93 Long term Trend Line support is currently at - 50.77 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 4.46 VOLATILITY On 8/15/2011, $1$ QLD - PROSHARES ULTRA QQQ ETF closed above the lower band by 31.7%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. =================================== THE VULCAN REPORT Review of $1$ SLV - SILVER ETF (SLV) as of Monday, August 15, 2011 Today's Price Action Change 0.5500 (1.44%) prices closed higher than they opened. with strong Bids going into the close. Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -14.45 Swing Vix: -16.34 The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 2 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Bought Sell 13 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ SLV - SILVER ETF's price has increased 2.30% , and has ranged from a high of 38.79 to a low of 36.94. MOMENTUM MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 34.44 is needed to re-establish the downward trend. However a close above 40.16 will establish a new upward trend. TREND STRENGTH - ,,, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 32.86 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 31.20 INTRADAY PRICE PROJECTIONS RESISTANCE 38.82 - SUPPORT 38.15 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 42.72- PulseWave BreakOut SUPPORT - 34.56- VOLATILITY On 8/15/2011, $1$ SLV - SILVER ETF closed below the upper band by 47.4%. ================================== THE VULCAN REPORT Review of $1$ GLD - COMEX Gold FUTURES ETF (GLD) as of Monday, August 15, 2011 Today's Price Action Change 1.8300 (1.08%) prices closed higher than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 31.16 Swing Vix: 31.98 The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 1 period(s) ago. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. *The last signal was a Over-Bought Sell 10 period(s) Ago. The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging. *Since the last Swing Vix signal, $1$ GLD - COMEX Gold FUTURES ETF's price has increased 1.08% , and has ranged from a high of 171.91 to a low of 167.77. MOMENTUM MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation. TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 144.61 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 139.38 INTRADAY PRICE PROJECTIONS RESISTANCE 172.06 - SUPPORT 168.80 - GO SHORT here 167.93 - place stoploss here 173.85 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 152.44- PulseWave BreakOut SUPPORT - 143.56- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 236.18 Long term Trend Line resistance is currently at - 175.13 Long term Trend Line support is currently at - 144.61 VOLATILITY On 8/15/2011, $1$ GLD - COMEX Gold FUTURES ETF closed below the upper band by 9.3%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
ALGO'S ARE NOW OFF THE CHARTS SUGGESTING THAT THIS IS THE NEXT LEG DOWN AND THAT THEY WILL NOT BE ABLE TO STOP THE NEXT MAJOR SELL OFF!!!
STRANGE PRICE ACTION TODAY. SHORT ETF TRIGGERD BUT ONLY THE QID. THE LONG ETFS DID NOT TRIGGER NOR DID THE INVERSE SP500 OR DOW??