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.
PulseScan Swing Vix
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.
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,
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
On 8/12/2011, $1$ CORN - TEUCRIUM CORN FD closed
below the upper band by 12.7%.