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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
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THE VULCAN REPORT
  • 8/19/2011 - THE VULCAN REPORT 0 comments
    Aug 29, 2011 12:52 PM
    Monday, August 29, 2011
    8/29/2011 - THE VULCAN REPORT
     

    THE VULCAN REPORT
    Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
    as of Friday, August 26, 2011


    Today's Price Action


    Change   54.0000 (2.56%) prices closed higher than they opened.  with strong Bids going into the close.


    An engulfing bullish line occurred (where a white candle's real body completely contains the previous black candle's real body).  The engulfing bullish pattern is bullish during a downtrend (which appears to be the case with $0$ NDX - NQ E-mini NASDAQ 100 FUTURES).  It then signifies that the momentum may be shifting from the bears to the bulls.


    If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top.  The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.


         MARKET SENTIMENT
      
    PulseScan Swing Vix


    PulseScan:      0.40
    Swing Vix:     -4.25


    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. 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 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, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has increased 2.56% , and has ranged from a high of 2,169.00 to a low of 2,080.75.


         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. - 2,197.03




    INTRADAY PRICE PROJECTIONS
    RESISTANCE 2,173.41 -   


    SUPPORT 2,076.34 - GO SHORT here 2,050.17 - place stoploss here 2,226.67 


    WEEKLY PULSE WAVE PRICE PROJECTIONS
    PulseWave BreakOut RESISTANCE - 2,239.92-  


    PulseWave BreakOut SUPPORT - 1,981.92- GO SHORT here 1,981.92 place stoploss here 2,226.67


    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 8/26/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed   
    below the upper band by 49.1%.
    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 $0$ TNA - DAILY SMALL CAP BULL 3X ETF (NYSEARCA:TNA)
    as of Friday, August 26, 2011


    Today's Price Action


    Change    2.6600 (6.69%) prices closed higher than they opened.  with strong Bids going into the close.




         MARKET SENTIMENT
      
    PulseScan Swing Vix


    PulseScan:    -25.90
    Swing Vix:    -29.27


    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. 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 10 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, $0$ TNA - DAILY SMALL CAP BULL 3X ETF's price has increased 6.69% , and has ranged from a high of  44.87 to a low of  37.18.


         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. -    63.88


    The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    67.10




    INTRADAY PRICE PROJECTIONS
    RESISTANCE    43.15 -   


    SUPPORT    36.90 - GO SHORT here    35.14 - place stoploss here    46.52 


    WEEKLY PULSE WAVE PRICE PROJECTIONS
    PulseWave BreakOut RESISTANCE -    50.79-  


    PulseWave BreakOut SUPPORT -    32.48- GO SHORT here    32.48 place stoploss here    46.52


    MONTHLY PRICE PROJECTIONS
    Long term Trend Line resistance is currently at -    63.88
    Long term Trend Line support is currently at -    31.50
    BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   -33.25


    VOLATILITY
    On 8/26/2011, $0$ TNA - DAILY SMALL CAP BULL 3X ETF closed   
    above the lower band by 39.0%.
    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 $0$ DIG - PROSHARES ULTRA OIL & GAS ETF (NYSEARCA:DIG)
    as of Friday, August 26, 2011


    Today's Price Action


    Change    1.4800 (3.79%) prices closed higher than they opened.  with strong Bids going into the close.




         MARKET SENTIMENT
      
    PulseScan Swing Vix


    PulseScan:    -19.34
    Swing Vix:    -22.28


    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. 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 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, $0$ DIG - PROSHARES ULTRA OIL & GAS ETF's price has increased 3.79% , and has ranged from a high of  41.90 to a low of  37.42.


         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. -    44.58


    The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    47.67




    INTRADAY PRICE PROJECTIONS
    RESISTANCE    41.12 -  GO LONG here    43.16 place stoploss here    36.12


    SUPPORT    37.24 - GO SHORT here    36.12 - place stoploss here    43.16 


    WEEKLY PULSE WAVE PRICE PROJECTIONS
    PulseWave BreakOut RESISTANCE -    50.44-  


    PulseWave BreakOut SUPPORT -    33.50- GO SHORT here    33.50 place stoploss here    43.16


    MONTHLY PRICE PROJECTIONS
    Long term Trend Line resistance is currently at -    44.58
    Long term Trend Line support is currently at -    25.53
    BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   -12.57


    VOLATILITY
    On 8/26/2011, $0$ DIG - PROSHARES ULTRA OIL & GAS ETF closed   
    above the lower band by 37.8%.
    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 $0$ GLD - COMEX Gold FUTURES ETF (NYSEARCA:GLD)
    as of Friday, August 26, 2011


    Today's Price Action


    Change    5.1100 (2.96%) prices closed higher than they opened.  with strong Bids going into the close.




         MARKET SENTIMENT
      
    PulseScan Swing Vix


    PulseScan:     14.43
    Swing Vix:     17.99


    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  2 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, $0$ GLD - COMEX Gold FUTURES ETF's price has decreased 0.11%, and has ranged from a high of 183.82 to a low of 165.88.


         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. -   151.59


    The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   141.77




    INTRADAY PRICE PROJECTIONS
    RESISTANCE   177.84 -  GO LONG here   181.39 place stoploss here   169.79


    SUPPORT   171.46 - GO SHORT here   169.79 - place stoploss here   181.39 


    WEEKLY PULSE WAVE PRICE PROJECTIONS
    PulseWave BreakOut RESISTANCE -   186.88- GO LONG here   186.88 place stoploss here   169.79


    PulseWave BreakOut SUPPORT -   163.42-  


    MONTHLY PRICE PROJECTIONS
    BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   251.28
    Long term Trend Line resistance is currently at -   184.82
    Long term Trend Line support is currently at -   151.59


    VOLATILITY
    On 8/26/2011, $0$ GLD - COMEX Gold FUTURES ETF closed   
    below the upper band by 26.4%.
    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 $0$ SLV - SILVER ETF (NYSEARCA:SLV)
    as of Friday, August 26, 2011


    Today's Price Action


    Change    0.4100 (1.02%) prices closed higher 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:     16.14
    Swing Vix:     18.57


    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 22 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, $0$ SLV - SILVER ETF's price has increased 4.07% , and has ranged from a high of  40.42 to a low of  38.05.


         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. -    32.92


    The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    31.79




    INTRADAY PRICE PROJECTIONS
    RESISTANCE    40.49 -  GO LONG here    41.31 place stoploss here    38.63


    SUPPORT    39.01 - GO SHORT here    38.63 - place stoploss here    41.31 


    WEEKLY PULSE WAVE PRICE PROJECTIONS
    PulseWave BreakOut RESISTANCE -    43.31- GO LONG here    43.31 place stoploss here    38.63


    PulseWave BreakOut SUPPORT -    36.78-  




    MONTHLY PRICE PROJECTIONS
    BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    79.22
    Long term Trend Line resistance is currently at -    48.35
    Long term Trend Line support is currently at -    32.92


    VOLATILITY
    On 8/26/2011, $0$ SLV - SILVER ETF closed   
    below the upper band by 29.1%.
    ============================================================

    THE VULCAN REPORT
    Review of $0$ GBP/USD - FOREX BRITTISH POUND (GBP/USD)
    as of Friday, August 26, 2011

    Today's Price Action

    Change    0.0088 (0.54%) prices closed higher than they opened.  with strong Bids going into the close.


         MARKET SENTIMENT
      
    PulseScan Swing Vix

    PulseScan:      5.38
    Swing Vix:      8.16

    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. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong 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-Bought Sell 19 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, $0$ GBP/USD - FOREX BRITTISH POUND's price has decreased 0.72%, and has ranged from a high of 1.6571 to a low of 1.6211.

         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. -   1.6019

    The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   1.6054


    INTRADAY PRICE PROJECTIONS
    RESISTANCE   1.6383 -  GO LONG here   1.6481 place stoploss here   1.6153

    SUPPORT   1.6203 -  -  

    WEEKLY PULSE WAVE PRICE PROJECTIONS
    PulseWave BreakOut RESISTANCE -   1.6734- GO LONG here   1.6734 place stoploss here   1.6153

    PulseWave BreakOut SUPPORT -   1.5993-  


    MONTHLY PRICE PROJECTIONS
    BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   1.8202
    Long term Trend Line resistance is currently at -   1.6747
    Long term Trend Line support is currently at -   1.6019

    VOLATILITY
    On 8/26/2011, $0$ GBP/USD - FOREX BRITTISH POUND closed   
    below the upper band by 49.2%.

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