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8/1/2011 - THE VULCAN REPORT

|Includes:AAPL, AGQ, BAL, CORN, COW, DIA, GLD, GOOG, GS, NIB, QQQ, SGG, SLV, SPDR S&P 500 Trust ETF (SPY)
Monday, August 1, 2011
8/1/2011 - THE VULCAN REPORT
 
THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Friday, July 29, 2011


Today's Price Action


Change   -1.2700 (-1.31%) 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:      9.88
Swing Vix:     14.87


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. 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 77 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
      
  *Since the last Swing Vix signal, $0$ CL - LIGHT CRUDE COMPOSITE Continuous's price has decreased 1.40%, and has ranged from a high of  99.50 to a low of  94.95.


     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    95.68 is needed to re-establish the downward trend. However a close above   102.26 will establish a new upward trend.


        TREND STRENGTH - ,,,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    92.79
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    92.54


INTRADAY PRICE PROJECTIONS
RESISTANCE    97.51  
SUPPORT    94.83  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   100.62  
PulseWave BreakOut SUPPORT -    94.53  


VOLATILITY
On 7/29/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed   
above the lower band by 22.8%.
================================================

THE VULCAN REPORT
Review of $0$ XAU/USD - GOLD Spot (XAU USD)
as of Friday, July 29, 2011

Today's Price Action

Change    9.7000 (0.60%) prices closed higher than they opened.  with strong Bids going into the close.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     40.66
Swing Vix:     40.83

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    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 days  
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 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, $0$ XAU/USD - GOLD Spot's price has been unchanged, and has ranged from a high of 1,637.50 to a low of 1,613.00.

     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. - 1,410.96
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,411.60

INTRADAY PRICE PROJECTIONS
RESISTANCE 1,638.72  
SUPPORT 1,611.78  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,610.70  
PulseWave BreakOut SUPPORT - 1,581.10  

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,090.59
Long term Trend Line resistance is currently at - 1,637.50
Long term Trend Line support is currently at - 1,410.96

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,449.86
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,996.77
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,543.68

VOLATILITY
On 7/29/2011, $0$ XAU/USD - GOLD Spot closed   
below the upper band by 18.4%.
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 $0$ XAG/USD - SILVER Spot (XAG USD)
as of Friday, July 29, 2011

Today's Price Action

Change    0.1500 (0.38%) 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:     33.28
Swing Vix:     34.27

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  8 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 decreased 0.89%, and has ranged from a high of  41.46 to a low of  39.30.

     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    35.97 is needed to re-establish the downward trend. However a close above    41.06 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. -    31.58

INTRADAY PRICE PROJECTIONS
RESISTANCE    40.47  
SUPPORT    39.24  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    41.46  
PulseWave BreakOut SUPPORT -    38.21  

VOLATILITY
On 7/29/2011, $0$ XAG/USD - SILVER Spot closed   
below the upper band by 30.8%.
=============================================

THE VULCAN REPORT
Review of $0$ ZC - CORN E-CBOT Continuous (@:ZCC1#I)
as of Friday, July 29, 2011

Today's Price Action

Change  -17.7500 (-2.59%) 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. 

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     10.53
Swing Vix:     12.55

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    6 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 14 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 decreased 1.88%, and has ranged from a high of 693.00 to a low of 662.25.

     MOMENTUM

     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-   580.88Slightly Bearish - .

        TREND STRENGTH - ,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -   580.88
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   623.50

INTRADAY PRICE PROJECTIONS
RESISTANCE   685.61 place stoploss here 
SUPPORT   661.14 GO SHORT here 

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   693.00  
PulseWave BreakOut SUPPORT -   670.75  

VOLATILITY
On 7/29/2011, $0$ ZC - CORN E-CBOT Continuous closed   
below the upper band by 49.7%.
=======================================================

 THE VULCAN REPORT
Review of $1$ AAPL - APPLE ORD (NASDAQ:AAPL)
as of Friday, July 29, 2011

Today's Price Action

Change   -1.3400 (-0.34%) prices closed higher than they opened.  with strong Bids going into the close.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     35.12
Swing Vix:     36.63

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. However, the Swing Vix just crossed below 39 from a topping formation.  This is a bearish sign.  
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  0 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, $1$ AAPL - APPLE ORD's price has decreased 0.54%, and has ranged from a high of 402.64 to a low of 384.00.

     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. -   320.03
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   319.24

INTRADAY PRICE PROJECTIONS
RESISTANCE   395.71  
SUPPORT   383.44  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   404.50  GO LONG here
PulseWave BreakOut SUPPORT -   348.62  place stoploss here

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   573.44
Long term Trend Line resistance is currently at -   404.50
Long term Trend Line support is currently at -   320.03

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 1,080.26
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =   911.32
BUBBLE PHASE I - (24-36mo) PRICE TARGET =   742.38

VOLATILITY
On 7/29/2011, $1$ AAPL - APPLE ORD closed   
below the upper band by 25.6%.
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.     
=============================================

THE VULCAN REPORT
Review of $1$ GOOG - GOOGLE CL A ORD (NASDAQ:GOOG)
as of Friday, July 29, 2011

Today's Price Action

Change   -7.2500 (-1.19%) prices closed lower than they opened. with weak Bids going into the close. 

An inverted hammer occurred.  If this occurs during a downtrend it implies a reversal.  Look for a confirmation of the reversal on the bar.
A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
A shooting star occurred (a shooting star has a small real body near the bottom of the candle and a long upper shadow).  During an uptrend(which appears to be the case with $1$ GOOG - GOOGLE CL A ORD) the long upper shadow indicates that the bears are gaining control and a top may occur.
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:     35.80
Swing Vix:     37.66

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. However, the Swing Vix just crossed below 39 from a topping formation.  This is a bearish sign.  
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  0 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, $1$ GOOG - GOOGLE CL A ORD's price has decreased 3.02%, and has ranged from a high of 627.50 to a low of 603.00.

     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. -   545.30
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   551.59

INTRADAY PRICE PROJECTIONS
RESISTANCE   615.52  
SUPPORT   603.13  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   627.50  GO LONG here
PulseWave BreakOut SUPPORT -   525.50  place stoploss here

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   838.27
Long term Trend Line resistance is currently at -   642.96
Long term Trend Line support is currently at -   545.30

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 1,424.20
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 1,228.89
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 1,033.58

VOLATILITY
On 7/29/2011, $1$ GOOG - GOOGLE CL A ORD closed   
below the upper band by 30.2%.
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 $1$ GS - Goldman Sachs (NYSE:GS)
as of Friday, July 29, 2011

Today's Price Action

Change   -0.8700 (-0.64%) prices closed higher than they opened.  with strong Bids going into the close.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     28.76
Swing Vix:     30.29

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. 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 44 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, $1$ GS - Goldman Sachs's price has decreased 0.64%, and has ranged from a high of 138.13 to a low of 133.13.

     MOMENTUM

     MARKET TREND - Currently the TREND is .

        TREND STRENGTH - STRONG -  Bearish TrendBearish KUMO-BREAKDOWN,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -   150.42
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -   150.74

INTRADAY PRICE PROJECTIONS
RESISTANCE   136.77  
SUPPORT   132.96  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   139.25 place stoploss here 
PulseWave BreakOut SUPPORT -   125.50 GO SHORT here 

Long term Trend Line resistance is currently at -   150.42
Long term Trend Line support is currently at -   125.50
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    75.66

DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =    25.82
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =   -24.02
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =   -73.86

VOLATILITY
On 7/29/2011, $1$ GS - Goldman Sachs closed   
below the upper band by 35.8%.
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 $0$ DJI - YM Mini Dow Jones FUTURES ($DJI)
as of Friday, July 29, 2011

Today's Price Action

Change  -68.0000 (-0.56%) prices closed lower than they opened.  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:    -26.96
Swing Vix:    -20.52

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-Bought Sell 13 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
      
  *Since the last Swing Vix signal, $0$ DJI - YM Mini Dow Jones FUTURES's price has decreased 2.50%, and has ranged from a high of 12,603.00 to a low of 12,029.00.

     MOMENTUM

     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 11,388.64.

        TREND STRENGTH - Bearish KUMO-BREAKDOWN,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 11,388.64
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 11,750.03

INTRADAY PRICE PROJECTIONS
RESISTANCE 12,220.10 place stoploss here 
SUPPORT 12,019.90 GO SHORT here 

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 12,749.00  
PulseWave BreakOut SUPPORT - 12,239.00  

VOLATILITY
On 7/29/2011, $0$ DJI - YM Mini Dow Jones FUTURES closed below the lower band by 5.1%.  
===============================================

THE VULCAN REPORT
Review of $0$ DX - US DOLLAR INDEX ICE Continuous (@:DXC1#I)
as of Friday, July 29, 2011

Today's Price Action

Change   -0.3900 (-0.53%) prices closed lower than they opened. with weak Bids going into the close. 

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:    -37.85
Swing Vix:    -38.03

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, $0$ DX - US DOLLAR INDEX ICE Continuous's price has decreased 0.53%, and has ranged from a high of  74.68 to a low of  73.66.

     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. -    77.35

INTRADAY PRICE PROJECTIONS
RESISTANCE    74.73 place stoploss here 
SUPPORT    73.61 GO SHORT here 

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    74.68 place stoploss here 
PulseWave BreakOut SUPPORT -    73.58 GO SHORT here 

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

DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =    51.31
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =    40.53
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =    29.76

VOLATILITY
On 7/29/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed   
above the lower band by 12.6%.
========================================================

THE VULCAN REPORT
Review of $0$ EUR/USD FOREX  EURO DOLLAR CURRENCY ($EUR/USD SPOT)
as of Friday, July 29, 2011

Today's Price Action

Change    0.0064 (0.45%) prices closed higher than they opened.  with strong Bids going into the close.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     33.02
Swing Vix:     32.48

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   10 period(s) ago. 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 35 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, $0$ EUR/USD FOREX  EURO DOLLAR CURRENCY's price has increased 1.90% , and has ranged from a high of 1.4536 to a low of 1.3989.

     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   1.4444 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. -   1.3910

INTRADAY PRICE PROJECTIONS
RESISTANCE   1.4421  
SUPPORT   1.4220  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   1.4536  
PulseWave BreakOut SUPPORT -   1.4229  

VOLATILITY
On 7/29/2011, $0$ EUR/USD FOREX  EURO DOLLAR CURRENCY closed   
below the upper band by 29.0%.
     =========================================================

THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Friday, July 29, 2011

Today's Price Action

Change   -6.7500 (-0.28%) prices closed lower than they opened.  with strong Bids going into the close.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     10.60
Swing Vix:     15.49

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. 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 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, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has increased 0.20% , and has ranged from a high of 2,425.75 to a low of 2,338.00.

     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. - 2,091.41
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,202.54

INTRADAY PRICE PROJECTIONS
RESISTANCE 2,387.61  
SUPPORT 2,335.64  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,435.50  GO LONG here
PulseWave BreakOut SUPPORT - 2,314.50  place stoploss here

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 3,123.68
Long term Trend Line resistance is currently at - 2,435.50
Long term Trend Line support is currently at - 2,091.41

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 5,188.22
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 4,500.04
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 3,811.86

VOLATILITY
On 7/29/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed   
above the lower band by 37.2%.
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 $0$ SB - SUGAR 11 ICE Continuous (@:SBC1#I)
as of Friday, July 29, 2011

Today's Price Action

Change   -0.2300 (-0.77%) prices closed lower than they opened. with weak Bids going into the close. 

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     20.92
Swing Vix:     24.53

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    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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 11 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, $0$ SB - SUGAR 11 ICE Continuous's price has been unchanged, and has ranged from a high of  30.23 to a low of  29.22.

     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. -    26.67
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    25.86

INTRADAY PRICE PROJECTIONS
RESISTANCE    30.28 place stoploss here GO LONG here
SUPPORT    29.17 GO SHORT here place stoploss here

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    31.68  GO LONG here
PulseWave BreakOut SUPPORT -    28.20  place stoploss here

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    54.90
Long term Trend Line resistance is currently at -    36.08
Long term Trend Line support is currently at -    26.67

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =   111.36
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =    92.54
BUBBLE PHASE I - (24-36mo) PRICE TARGET =    73.72

VOLATILITY
On 7/29/2011, $0$ SB - SUGAR 11 ICE Continuous closed   
below the upper band by 45.2%.
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 $0$ SPX - ES E-mini S&P 500 FUTURES ($SPX)
as of Friday, July 29, 2011

Today's Price Action

Change   -5.0000 (-0.39%) prices closed lower than they opened.  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:    -17.07
Swing Vix:    -11.56

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-Bought Sell 14 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
      
  *Since the last Swing Vix signal, $0$ SPX - ES E-mini S&P 500 FUTURES's price has decreased 0.52%, and has ranged from a high of 1,328.50 to a low of 1,278.50.

     MOMENTUM

     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 1,205.14.

        TREND STRENGTH - Bearish KUMO-BREAKDOWN,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,205.14
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,255.82

INTRADAY PRICE PROJECTIONS
RESISTANCE 1,301.86  
SUPPORT 1,277.39  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,347.75  
PulseWave BreakOut SUPPORT - 1,291.25  

VOLATILITY
On 7/29/2011, $0$ SPX - ES E-mini S&P 500 FUTURES closed   
above the lower band by 7.5%.
     ==========================================================

THE VULCAN REPORT
Review of $0$ USD/CAD - FOREX CANADIAN DOLLAR ($1$USD/CAD)
as of Friday, July 29, 2011

Today's Price Action

Change    0.0063 (0.66%) prices closed higher than they opened.  with strong Bids going into the close.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:    -29.44
Swing Vix:    -31.60

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.   
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, $0$ USD/CAD - FOREX CANADIAN DOLLAR's price has increased 0.57% , and has ranged from a high of 0.9589 to a low of 0.9415.

     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. -   1.0040
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -   0.9911

INTRADAY PRICE PROJECTIONS
RESISTANCE   0.9594  
SUPPORT   0.9480  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   0.9775 place stoploss here 
PulseWave BreakOut SUPPORT -   0.9406 GO SHORT here 

Long term Trend Line resistance is currently at -   1.0040
Long term Trend Line support is currently at -   0.9406
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   0.8138

DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =   0.6870
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =   0.5602
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =   0.4334

VOLATILITY
On 7/29/2011, $0$ USD/CAD - FOREX CANADIAN DOLLAR closed   
below the upper band by 50.0%.
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.     
 
Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


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