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8/16/2011 - THE VULCAN REPORT

|Includes: GLD, SLV, SPY, TLT, PowerShares DB USD Bull ETF (UUP)
Tuesday, August 16, 2011
8/16/2011 - THE VULCAN REPORT
 

THE VULCAN REPORT
Review of $0$ DX - US DOLLAR INDEX ICE Continuous (@:DXC1#I)
as of Monday, August 15, 2011


Today's Price Action


Change   -0.7600 (-1.02%) prices closed lower than they opened. with weak Bids going into the close. 


Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -8.06
Swing Vix:     -4.68


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    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-Sold Buy 12 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, $0$ DX - US DOLLAR INDEX ICE Continuous's price has decreased 0.95%, and has ranged from a high of  75.39 to a low of  73.84.


     MOMENTUM


     MARKET TREND - Currently the TREND is .


        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. -    78.25


The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    77.12


INTRADAY PRICE PROJECTIONS
RESISTANCE    74.78 -  GO LONG here    75.08 place stoploss here    73.28


SUPPORT    73.79 - GO SHORT here    73.28 - place stoploss here    75.08 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    76.55-  


PulseWave BreakOut SUPPORT -    73.06- GO SHORT here    73.06 place stoploss here    75.08


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    78.25
Long term Trend Line support is currently at -    72.86
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    62.08


VOLATILITY
On 8/15/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed   
above the lower band by 20.1%.
==========================================

THE VULCAN REPORT
Review of $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF (NYSEARCA:TYD)
as of Monday, August 15, 2011

Today's Price Action

Change   -0.7700 (-1.07%) prices closed lower than they opened. with weak Bids going into the close. 


     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     30.79
Swing Vix:     31.96

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.   
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  4 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, $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF's price has increased 1.27% , and has ranged from a high of  72.23 to a low of  68.67.

     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. -    62.06

The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    58.01

INTRADAY PRICE PROJECTIONS
RESISTANCE    71.95 -   

SUPPORT    71.01 - GO SHORT here    70.48 - place stoploss here    72.20 

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    62.95-  

PulseWave BreakOut SUPPORT -    59.52-  

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    98.22
Long term Trend Line resistance is currently at -    74.11
Long term Trend Line support is currently at -    62.06

VOLATILITY
On 8/15/2011, $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF closed   
below the upper band by 18.3%.
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 $0$ EUR/USD FOREX  EURO DOLLAR CURRENCY ($EUR/USD SPOT)
as of Monday, August 15, 2011

Today's Price Action

Change    0.0196 (1.38%) 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:      0.08
Swing Vix:     -3.51

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    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 46 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix 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, $0$ EUR/USD FOREX  EURO DOLLAR CURRENCY's price has been unchanged, and has ranged from a high of 1.4475 to a low of 1.4253.

     MOMENTUM

     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below   1.4279 is needed to re-establish the downward trend. However a close above   1.4441 will establish a new upward trend.

        TREND STRENGTH - ,,,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -   1.3756

The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   1.3944

INTRADAY PRICE PROJECTIONS
RESISTANCE   1.4486 -   

SUPPORT   1.4242 -  -  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   1.4562-  

PulseWave BreakOut SUPPORT -   1.3902-  

VOLATILITY
On 8/15/2011, $0$ EUR/USD FOREX  EURO DOLLAR CURRENCY closed   
below the upper band by 16.1%.
=========================================

THE VULCAN REPORT
Review of $1$ DDM - PROSHARES ULTRA DOW 30 ETF (NYSEARCA:DDM)
as of Monday, August 15, 2011

Today's Price Action

Change    1.9000 (3.68%) 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:    -25.16
Swing Vix:    -28.26

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-Sold Buy  2 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, $1$ DDM - PROSHARES ULTRA DOW 30 ETF's price has increased 6.53% , and has ranged from a high of  53.58 to a low of  47.30.

     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. -    53.81

The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    56.23

INTRADAY PRICE PROJECTIONS
RESISTANCE    53.64 -  GO LONG here    54.43 place stoploss here    51.84

SUPPORT    52.22 - GO SHORT here    51.84 - place stoploss here    54.43 

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    67.66-  

PulseWave BreakOut SUPPORT -    43.99- GO SHORT here    43.99 place stoploss here    54.43

MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    53.81
Long term Trend Line support is currently at -    39.89
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    12.05

VOLATILITY
On 8/15/2011, $1$ DDM - PROSHARES ULTRA DOW 30 ETF closed   
above the lower band by 32.6%.
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 $1$ DIG - PROSHARES ULTRA OIL & GAS ETF (NYSEARCA:DIG)
as of Monday, August 15, 2011

Today's Price Action

Change    2.8400 (6.65%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:    -26.48
Swing Vix:    -29.29

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-Sold Buy  2 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, $1$ DIG - PROSHARES ULTRA OIL & GAS ETF's price has increased 8.67% , and has ranged from a high of  45.57 to a low of  38.21.

     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
Today's Rally pushed prices on the close above the long term trendline resistance - This is Bullish as the market is now under heavy Accumulation.
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    48.21
Today's Rally pushed prices on the close above the long term trendline resistance - This is Bullish as the market is now under heavy Accumulation.

INTRADAY PRICE PROJECTIONS
RESISTANCE    45.67 -  GO LONG here    46.93 place stoploss here    42.81

SUPPORT    43.41 - GO SHORT here    42.81 - place stoploss here    46.93 

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    62.89-  

PulseWave BreakOut SUPPORT -    33.50- GO SHORT here    33.50 place stoploss here    46.93

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 8/15/2011, $1$ DIG - PROSHARES ULTRA OIL & GAS ETF closed   
above the lower band by 31.6%.
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 $1$ FAS - DIREXION DAILY FIN BULL 3X ETF (NYSEARCA:FAS)
as of Monday, August 15, 2011
 
Today's Price Action
 
Change    1.2910 (9.18%) prices closed higher than they opened.  with strong Bids going into the close.
 
 
     MARKET SENTIMENT
  
PulseScan Swing Vix
 
PulseScan:    -16.48
Swing Vix:    -19.37
 
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 does not currently show any Failure Swings.The Swing Vix and price are not diverging.
      
  *Since the last Swing Vix signal, $1$ FAS - DIREXION DAILY FIN BULL 3X ETF's price has increased 1.59% , and has ranged from a high of  15.66 to a low of   8.72.
 
     MOMENTUM
 
     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.
 
        TREND STRENGTH - STRONG -  Bearish Trend,,,BEARISH MOMENTUM
 
TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    21.51
 
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    25.75
 
INTRADAY PRICE PROJECTIONS
RESISTANCE    15.42 -  GO LONG here    15.91 place stoploss here    14.29
 
SUPPORT    14.53 -  -  
 
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    26.51-  
 
PulseWave BreakOut SUPPORT -    21.30-  
 
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    21.51
Long term Trend Line support is currently at -     8.72
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   -16.85
 
VOLATILITY
On 8/15/2011, $1$ FAS - DIREXION DAILY FIN BULL 3X ETF closed   
above the lower band by 23.9%.
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 $1$ QLD - PROSHARES ULTRA QQQ ETF (NYSEARCA:QLD)
as of Monday, August 15, 2011
 
Today's Price Action
 
Change    2.2500 (2.94%) 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:    -22.79
Swing Vix:    -25.86
 
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-Sold Buy  4 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, $1$ QLD - PROSHARES ULTRA QQQ ETF's price has increased 4.66% , and has ranged from a high of  78.93 to a low of  70.60.
 
     MOMENTUM
 
     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-    73.93.
 
        TREND STRENGTH - ,,,BEARISH MOMENTUM
 
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    73.93
 
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    80.64
 
INTRADAY PRICE PROJECTIONS
RESISTANCE    79.05 -  GO LONG here    80.47 place stoploss here    75.79
 
SUPPORT    76.47 - GO SHORT here    75.79 - place stoploss here    80.47 
 
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    98.35-  
 
PulseWave BreakOut SUPPORT -    64.12- GO SHORT here    64.12 place stoploss here    80.47
 
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    73.93
Long term Trend Line support is currently at -    50.77
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =     4.46
 
VOLATILITY
On 8/15/2011, $1$ QLD - PROSHARES ULTRA QQQ ETF closed   
above the lower band by 31.7%.
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 $1$ SLV - SILVER ETF (NYSEARCA:SLV)
as of Monday, August 15, 2011
 
Today's Price Action
 
Change    0.5500 (1.44%) 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:    -14.45
Swing Vix:    -16.34
 
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 13 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, $1$ SLV - SILVER ETF's price has increased 2.30% , and has ranged from a high of  38.79 to a low of  36.94.
 
     MOMENTUM
 
     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below    34.44 is needed to re-establish the downward trend. However a close above    40.16 will establish a new upward trend.
 
        TREND STRENGTH - ,,,
 
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    32.86
 
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    31.20
 
INTRADAY PRICE PROJECTIONS
RESISTANCE    38.82 -   
 
SUPPORT    38.15 -  -  
 
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    42.72-  
 
PulseWave BreakOut SUPPORT -    34.56-  
 
VOLATILITY
On 8/15/2011, $1$ SLV - SILVER ETF closed   
below the upper band by 47.4%.
     ==================================
 
THE VULCAN REPORT
Review of $1$ GLD - COMEX Gold FUTURES ETF (NYSEARCA:GLD)
as of Monday, August 15, 2011
 
Today's Price Action
 
Change    1.8300 (1.08%) prices closed higher than they opened.  with strong Bids going into the close.
 
 
     MARKET SENTIMENT
  
PulseScan Swing Vix
 
PulseScan:     31.16
Swing Vix:     31.98
 
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    1 period(s) ago.   
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 10 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, $1$ GLD - COMEX Gold FUTURES ETF's price has increased 1.08% , and has ranged from a high of 171.91 to a low of 167.77.
 
     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. -   144.61
 
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   139.38
 
INTRADAY PRICE PROJECTIONS
RESISTANCE   172.06 -   
 
SUPPORT   168.80 - GO SHORT here   167.93 - place stoploss here   173.85 
 
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   152.44-  
 
PulseWave BreakOut SUPPORT -   143.56-  
 
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   236.18
Long term Trend Line resistance is currently at -   175.13
Long term Trend Line support is currently at -   144.61
 
VOLATILITY
On 8/15/2011, $1$ GLD - COMEX Gold FUTURES ETF closed   
below the upper band by 9.3%.
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.