Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

02/02/2011 - Charts

 02/02/2011 - JJA

 


THE VULCAN REPORT

Review of $JJA - (Corn Wheat Soybeans)  AGRICLTUR ETN (NYSEARCA:JJA)
as of Tuesday, February 01, 2011


Today's Price Action


Change    0.8000 (1.22%) prices closed higher than they opened.  with strong Bids going into the close.


A rising window occurred  (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.  There have been 9 rising windows in the last 50 candles--this makes the current rising window even more bullish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     44.62
Swing Vix:     41.82


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    1 period(s) ago. The Swing Vix is above 39.  This is where it usually tops.  The Swing Vix usually forms tops and bottoms 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 21 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.
      
  *Since the last Swing Vix signal, $JJA - (Corn Wheat Soybeans)  AGRICLTUR ETN's price has increased 1.22% , and has ranged from a high of 66.5100 to a low of 65.0500.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        TREND STRENGTH - STRONG - Bullish Trend,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -  51.7250
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  50.5851
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  60.3910 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  64.7147 


INTRADAY PRICE PROJECTIONS
RESISTANCE  66.3435
SUPPORT  65.9365


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  65.3600
PulseWave BreakOut SUPPORT -  61.9301


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  96.0800
Long term Trend Line resistance is currently at -  66.5100
Long term Trend Line support is currently at -  51.7250


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 184.7900
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 155.2200
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 125.6500


VOLATILITY
On 2/1/2011, $JJA - (Corn Wheat Soybeans)  AGRICLTUR ETN closed   
below the upper band by 1.4%.





===============================================================
 
02/02/2011 - NASDAQ 100
 
THE VULCAN REPORT
Review of $NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Tuesday, February 01, 2011


Today's Price Action


Change   43.0400 (1.89%) prices closed higher than they opened.  with strong Bids going into the close.


A rising window occurred  (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.  There have been 4 rising windows in the last 50 candles--this makes the current rising window even more bullish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     10.54
Swing Vix:     10.30


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  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, $NDX - NQ E-mini NASDAQ 100 FUTURES's price has been unchanged, and has ranged from a high of 2,329.3401 to a low of 2,296.7400.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        TREND STRENGTH - STRONG - Bullish Trend,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,018.0400
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,988.8843
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 2,217.5674 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,297.3647 
Today's Rally pushed prices on the close above the short term trendline support


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,322.0051
SUPPORT 2,304.0750


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,336.0400
PulseWave BreakOut SUPPORT - 2,258.0500


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,972.0400
Long term Trend Line resistance is currently at - 2,336.0400
Long term Trend Line support is currently at - 2,018.0400


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 4,880.0400
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 4,244.0400
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 3,608.0400


VOLATILITY
On 2/1/2011, $NDX - NQ E-mini NASDAQ 100 FUTURES closed   
below the upper band by 15.7%.
 
 
-------------------------------------------------------------------------------------------------------------------------------
 
02/02/2011 - Silver Spot Silver Futures
 
THE VULCAN REPORT
Review of $XAG/USD - SILVER Spot (XAG USD)
as of Tuesday, February 01, 2011


Today's Price Action


Change    0.5500 (1.96%) prices closed higher than they opened.  with strong Bids going into the close.


Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -9.16
Swing Vix:    -14.11


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    4 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  4 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, $XAG/USD - SILVER Spot's price has increased 3.66% , and has ranged from a high of 28.6300 to a low of 26.3000.


     MOMENTUM


     MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above  28.9725 is needed to re-establish the upward trend. However A close below  26.7550 will establish a new downward trend.


        TREND STRENGTH - There is currently no trend strength reading at this time.


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -  23.2250
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  22.6174
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  27.6780 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  27.8208 


INTRADAY PRICE PROJECTIONS
RESISTANCE  28.4545
SUPPORT  28.0255


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  27.9500
PulseWave BreakOut SUPPORT -  26.3000


VOLATILITY
On 2/1/2011, $XAG/USD - SILVER Spot closed   
below the upper band by 42.3%.
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
 
02/02/2011 - US Dollar Index
 
THE VULCAN REPORT
Review of $DX - US DOLLAR INDEX ICE Continuous (@:DXc1#I)
as of Tuesday, February 01, 2011


Today's Price Action


Change   -0.6720 (-0.86%) 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:    -43.17
Swing Vix:    -43.02


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    1 period(s) ago. The Swing Vix is below -39.  This is where it usually bottoms.  The Swing Vix usually forms tops and bottoms 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 42 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix 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, $DX - US DOLLAR INDEX ICE Continuous's price has decreased 0.86%, and has ranged from a high of 78.4700 to a low of 77.0850.


     MOMENTUM


     MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.


        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.,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -  82.0175
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -  80.5972
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  79.4247 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  78.2995 


INTRADAY PRICE PROJECTIONS
RESISTANCE  77.6314
SUPPORT  77.2436


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  78.5700
PulseWave BreakOut SUPPORT -  77.7050


Long term Trend Line resistance is currently at -  82.0175
Long term Trend Line support is currently at -  75.2350
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  61.6700


DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =  48.1050
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =  34.5400
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =  20.9750


VOLATILITY
On 2/1/2011, $DX - US DOLLAR INDEX ICE Continuous closed   
above the lower band by 9.4%.
 
 
 
02/02/2011 - Crude Oil Futures
 
THE VULCAN REPORT
Review of $CL - LIGHT CRUDE COMPOSITE Continuous (@:CLc1#I)
as of Tuesday, February 01, 2011


Today's Price Action


Change   -1.6900 (-1.83%) prices closed lower than they opened. with weak Bids going into the close. 


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:      0.80
Swing Vix:     -5.61


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. 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 23 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, $CL - LIGHT CRUDE COMPOSITE Continuous's price has increased 1.30% , and has ranged from a high of 92.8400 to a low of 85.1100.


     MOMENTUM


     MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.


        TREND STRENGTH - STRONG - Bullish Trend,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -  78.5400
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  80.0504
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  87.5954 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  89.1789 


INTRADAY PRICE PROJECTIONS
RESISTANCE  91.9730
SUPPORT  90.8070


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  92.3900
PulseWave BreakOut SUPPORT -  85.1100


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 121.4400
Long term Trend Line resistance is currently at -  92.8400
Long term Trend Line support is currently at -  78.5400


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 207.2400
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 178.6400
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 150.0400


VOLATILITY
On 2/1/2011, $CL - LIGHT CRUDE COMPOSITE Continuous closed   
below the upper band by 36.4%.
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
Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only.The 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.


For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72


Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - https://seekingalpha.com/instablog/466159-pulsescan72/


BULLS make money... BEARS make money.... PIGS get slaughtered!


"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!