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6/29/2011 - MINI DOW FUTURES

|Includes: SPDR Dow Jones Industrial Average ETF (DIA)

 Wednesday, June 29, 2011

6/29/2011 - MINI DOW FUTURES
 
THE VULCAN REPORT
Review of MINI DOW FUTURES (US@YM.1)
as of Tuesday, June 28, 2011


Today's Price Action


Change  151.0000 (1.26%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:      5.76
Swing Vix:      2.78


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 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.
      
  *Since the last Swing Vix signal, MINI DOW FUTURES's price has increased 0.45% , and has ranged from a high of 12,150.00 to a low of 11,767.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 11,189.50.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 11,189.50
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 11,532.88
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 12,187.66 


The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 11,998.85 
Today's Rally pushed prices on the close above the short term trendline support


INTRADAY PRICE PROJECTIONS
RESISTANCE 12,153.50
SUPPORT 11,944.50


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 12,150.00
PulseWave BreakOut SUPPORT - 11,803.00


VOLATILITY
On 6/28/2011, MINI DOW FUTURES closed   
below the upper band by 25.8%.
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.     


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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