8/17/2011 - THE VULCAN REPORT THE VULCAN REPORT Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I) as of Tuesday, August 16, 2011 Today's Price Action Change -0.5300 (-0.60%) prices closed lower than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -9.44 Swing Vix: -12.14 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 5 period(s) ago. CRASH ALERT - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projectionsThe 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 5 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, $0$ CL - LIGHT CRUDE COMPOSITE Continuous's price has increased 6.10% , and has ranged from a high of 88.05 to a low of 75.71. 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. - 92.79 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 92.07 INTRADAY PRICE PROJECTIONS RESISTANCE 88.05 - SUPPORT 85.50 - GO SHORT here 84.59 - place stoploss here 89.21 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 102.06- PulseWave BreakOut SUPPORT - 72.96- GO SHORT here 72.96 place stoploss here 89.21 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 92.79 Long term Trend Line support is currently at - 70.76 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 26.69 VOLATILITY On 8/16/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed above the lower band by 33.0%. 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 $0$ DJI - YM Mini Dow Jones FUTURES ($DJI) as of Tuesday, August 16, 2011 Today's Price Action Change -34.0000 (-0.30%) prices closed lower than they opened. with strong Bids going into the close. 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: -14.43 Swing Vix: -16.38 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 5 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 5 period(s) Ago. The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.The Swing Vix has set a new 14-period high while the security price has not. This is a bullish divergence. Since the PulseScan leads the market 3-5 days out We will wait to see if an upside breakout occurs. *Since the last Swing Vix signal, $0$ DJI - YM Mini Dow Jones FUTURES's price has increased 0.99% , and has ranged from a high of 11,450.00 to a low of 10,401.00. 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. - 11,388.64 Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution. The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 11,716.56 Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution. INTRADAY PRICE PROJECTIONS RESISTANCE 11,459.70 - SUPPORT 11,246.30 - GO SHORT here 11,165.00 - place stoploss here 11,553.00 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 12,870.00- PulseWave BreakOut SUPPORT - 10,112.67- GO SHORT here 10,112.67 place stoploss here 11,553.00 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 11,388.64 Long term Trend Line support is currently at - 9,936.62 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 7,032.58 VOLATILITY On 8/16/2011, $0$ DJI - YM Mini Dow Jones FUTURES closed above the lower band by 33.4%. 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 Tuesday, August 16, 2011 Today's Price Action Change 0.1100 (0.15%) prices closed higher than they opened. with strong Bids going into the close. 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: -7.83 Swing Vix: -6.78 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 3 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 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, $0$ DX - US DOLLAR INDEX ICE Continuous's price has decreased 0.80%, 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. - 77.09 INTRADAY PRICE PROJECTIONS RESISTANCE 74.28 - GO LONG here 74.47 place stoploss here 73.63 SUPPORT 73.82 - GO SHORT here 73.63 - place stoploss here 74.47 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 76.55- PulseWave BreakOut SUPPORT - 73.06- GO SHORT here 73.06 place stoploss here 74.47 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 8/16/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed above the lower band by 27.6%. ===========================================
THE VULCAN REPORT Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX) as of Tuesday, August 16, 2011 Today's Price Action Change -12.0000 (-0.54%) prices closed lower than they opened. with strong Bids going into the close. 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: -7.92 Swing Vix: -9.81 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 5 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 5 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, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has increased 1.25% , and has ranged from a high of 2,211.50 to a low of 1,972.25. MOMENTUM MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,091.41. TREND STRENGTH - ,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,091.41 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,202.35 INTRADAY PRICE PROJECTIONS RESISTANCE 2,213.64 - SUPPORT 2,161.11 - GO SHORT here 2,141.83 - place stoploss here 2,237.33 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 2,467.50- PulseWave BreakOut SUPPORT - 1,906.50- GO SHORT here 1,906.50 place stoploss here 2,237.33 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 2,091.41 Long term Trend Line support is currently at - 1,747.32 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 1,059.14 VOLATILITY On 8/16/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed above the lower band by 32.7%. 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 $0$ SPX - ES E-mini S&P 500 FUTURES ($SPX) as of Tuesday, August 16, 2011 Today's Price Action Change -7.0000 (-0.58%) prices closed lower than they opened. with strong Bids going into the close. 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: -13.56 Swing Vix: -15.35 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 5 period(s) ago. CRASH ALERT - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projectionsThe 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 5 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, $0$ SPX - ES E-mini S&P 500 FUTURES's price has increased 1.00% , and has ranged from a high of 1,201.75 to a low of 1,077.00. 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. - 1,205.14 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 1,251.09 INTRADAY PRICE PROJECTIONS RESISTANCE 1,202.70 - SUPPORT 1,176.30 - GO SHORT here 1,165.83 - place stoploss here 1,213.83 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 1,364.08- PulseWave BreakOut SUPPORT - 1,043.08- GO SHORT here 1,043.08 place stoploss here 1,213.83 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 1,205.14 Long term Trend Line support is currently at - 1,039.70 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 708.82 VOLATILITY On 8/16/2011, $0$ SPX - ES E-mini S&P 500 FUTURES closed above the lower band by 31.8%. 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 $0$ XAG/USD - SILVER Spot (XAG USD) as of Tuesday, August 16, 2011 Today's Price Action Change -0.0200 (-0.05%) prices closed lower than they opened. with strong Bids going into the close. A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold). MARKET SENTIMENT PulseScan Swing Vix PulseScan: -5.22 Swing Vix: -8.65 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 20 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, $0$ XAG/USD - SILVER Spot's price has increased 2.18% , and has ranged from a high of 40.17 to a low of 38.21. 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 35.36 is needed to re-establish the downward trend. However a close above 40.93 will establish a new upward trend. TREND STRENGTH - ,,, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 33.78 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 32.28 INTRADAY PRICE PROJECTIONS RESISTANCE 40.21 - SUPPORT 39.25 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 43.71- PulseWave BreakOut SUPPORT - 35.50- VOLATILITY On 8/16/2011, $0$ XAG/USD - SILVER Spot closed below the upper band by 43.6%. ======================================
THE VULCAN REPORT Review of $0$ XAU/USD - GOLD Spot (XAU USD) as of Tuesday, August 16, 2011 Today's Price Action Change 21.1000 (1.19%) prices closed higher than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 34.15 Swing Vix: 34.30 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 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, $0$ XAU/USD - GOLD Spot's price has increased 2.33% , and has ranged from a high of 1,790.00 to a low of 1,725.80. 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. - 1,513.90 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,437.66 INTRADAY PRICE PROJECTIONS RESISTANCE 1,791.32 - GO LONG here 1,807.47 place stoploss here 1,754.67 SUPPORT 1,762.28 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 1,567.23- PulseWave BreakOut SUPPORT - 1,465.97- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,425.00 Long term Trend Line resistance is currently at - 1,817.60 Long term Trend Line support is currently at - 1,513.90 VOLATILITY On 8/16/2011, $0$ XAU/USD - GOLD Spot closed below the upper band by 10.2%. 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 $1$ TMF - DIRXN DLY 30 YR TRSY BUL 3X SHS ETF (TMF) as of Tuesday, August 16, 2011 Today's Price Action Change 2.4200 (5.07%) prices closed higher than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 20.36 Swing Vix: 21.35 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 3 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 7 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, $1$ TMF - DIRXN DLY 30 YR TRSY BUL 3X SHS ETF's price has increased 7.57% , and has ranged from a high of 52.90 to a low of 46.04. 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. - 42.54 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 37.70 INTRADAY PRICE PROJECTIONS RESISTANCE 50.70 - GO LONG here 52.18 place stoploss here 46.92 SUPPORT 47.81 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 58.26- GO LONG here 58.26 place stoploss here 46.92 PulseWave BreakOut SUPPORT - 41.66- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 84.87 Long term Trend Line resistance is currently at - 56.65 Long term Trend Line support is currently at - 42.54 VOLATILITY On 8/16/2011, $1$ TMF - DIRXN DLY 30 YR TRSY BUL 3X SHS ETF closed below the upper band by 22.2%. 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 $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF (TYD) as of Tuesday, August 16, 2011 Today's Price Action Change 1.1800 (1.66%) prices closed higher than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 32.58 Swing Vix: 32.37 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 above 29. This is where it usually forms Resistance. The Swing Vix usually forms Resistance before the underlying security. 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 5 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 been unchanged, and has ranged from a high of 72.61 to a low of 71.15. 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. - 58.12 INTRADAY PRICE PROJECTIONS RESISTANCE 72.68 - GO LONG here 73.46 place stoploss here 70.54 SUPPORT 71.08 - GO SHORT here 70.54 - place stoploss here 73.46 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 8/16/2011, $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF closed below the upper band by 15.6%. 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. =========================================
Thursday, August 18, 2011 8/18/2011 - THE VULCAN REPORT THE VULCAN REPORT Review of Emini NASDAQ 100 (US@NQ.1) as of Thursday, August 18, 2011 Today's Price Action Change -114.7500 (-5.22%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -2.22 Swing Vix: -2.62 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 7 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 7 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, Emini NASDAQ 100's price has decreased 3.23%, and has ranged from a high of 2,211.50 to a low of 1,972.25. MOMENTUM MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,089.75. TREND STRENGTH - ,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,089.75 Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution. The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 2,199.68 Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution. INTRADAY PRICE PROJECTIONS RESISTANCE 2,181.35 - SUPPORT 2,058.15 - GO SHORT here 1,996.33 - place stoploss here 2,220.33 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 2,285.17- PulseWave BreakOut SUPPORT - 1,907.17- GO SHORT here 1,907.17 place stoploss here 2,220.33 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 2,089.75 Long term Trend Line support is currently at - 1,744.00 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 1,052.50 VOLATILITY On 8/18/2011, Emini NASDAQ 100 closed above the lower band by 16.8%. 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 FAZ - SHORT BANKS ETF (FAZ) as of Thursday, August 18, 2011 Today's Price Action Change 7.3800 (12.77%) prices closed higher than they opened. with strong Bids going into the close. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 5 rising windows in the last 50 candles--this makes the current rising window even more bullish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -11.18 Swing Vix: -10.81 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 7 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 7 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, FAZ - SHORT BANKS ETF's price has increased 6.66% , and has ranged from a high of 81.50 to a low of 54.70. 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. - 62.90 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. - 54.17 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 67.19 - GO LONG here 68.95 place stoploss here 61.27 SUPPORT 62.97 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 91.31- GO LONG here 91.31 place stoploss here 61.27 PulseWave BreakOut SUPPORT - 47.36- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 140.45 Long term Trend Line resistance is currently at - 88.75 Long term Trend Line support is currently at - 62.90 VOLATILITY On 8/18/2011, FAZ - SHORT BANKS ETF closed below the upper band by 24.7%. 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 QID - SHORT QQQ (QID) as of Thursday, August 18, 2011 Today's Price Action Change 4.7100 (8.66%) prices closed higher than they opened. with strong Bids going into the close. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -1.64 Swing Vix: -1.68 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 16 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, QID - SHORT QQQ's price has been unchanged, and has ranged from a high of 60.15 to a low of 57.28. MOMENTUM MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at- 71.29. TREND STRENGTH - ,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 71.29 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 60.99 INTRADAY PRICE PROJECTIONS RESISTANCE 60.29 - GO LONG here 61.71 place stoploss here 55.97 SUPPORT 57.14 - GO SHORT here 55.97 - place stoploss here 61.71 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 66.44- GO LONG here 66.44 place stoploss here 55.97 PulseWave BreakOut SUPPORT - 50.30- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 148.73 Long term Trend Line resistance is currently at - 97.10 Long term Trend Line support is currently at - 71.29 VOLATILITY On 8/18/2011, QID - SHORT QQQ closed below the upper band by 15.1%. 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.
It looks to me like the S&P 500 could be below 1000 soon Wait to fill one's basket with really cheap stuff