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I worked on Wall Street as a Systems developer and Money Manager. I run a private equity fund as a hired gun. I currently work with a broad base of private funds. I am very selective in whom I except as a client. My services are normally not open to the general public due to the secure nature of... More
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THE VULCAN REPORT
  • THE VULCAN REPORT Review of SILVER FUTURES (US@SI.1) as of Friday, June 17, 2011 0 comments
    Jun 17, 2011 7:34 AM | about stocks: SLV, AGQ
    Friday, June 17, 2011
    THE VULCAN REPORT Review of SILVER FUTURES (US@SI.1) as of Friday, June 17, 2011
     
    THE VULCAN REPORT
    Review of SILVER FUTURES (US@SI.1)
    as of Friday, June 17, 2011

    Today's Price Action

    Change   prices closed lower than they opened.  2.0000 (0.06%)  with strong 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:    -30.84
    Swing Vix:    -27.94

    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   10 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support 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 38 period(s) Ago.
    The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.The Swing Vix has set a new 14-period low while the security price 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, SILVER FUTURES's price has decreased 2.17%, and has ranged from a high of 3,786.0000 to a low of 3,440.0000.

         MOMENTUM

         MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 3,350.7500Slightly Bearish - .

            TREND STRENGTH - ,

    TRENDLINE RETRACEMENT
    The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 3,350.7500
    The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,983.5820
    The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 3,690.6877
    The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 3,588.2227

    INTRADAY PRICE PROJECTIONS
    RESISTANCE 3,553.7251
    SUPPORT 3,510.2749

    WEEKLY PULSE WAVE PRICE PROJECTIONS
    PulseWave BreakOut RESISTANCE - 3,786.0000
    PulseWave BreakOut SUPPORT - 3,440.0000


    VOLATILITY
    On 6/17/2011, SILVER FUTURES closed  
    above the lower band by 26.6%.
    Themes: /si.1, silver spot Stocks: SLV, AGQ
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