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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
  • CORN - TEUCRIUM CORN FD ETF 0 comments
    Aug 15, 2011 8:15 AM | about stocks: CORN
    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%.
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