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8/18/2011 - THE VULCAN REPORT

|Includes: Direxion Daily Financial Bear 3x Shares ETF (FAZ), QID
Thursday, August 18, 2011
8/18/2011 - THE VULCAN REPORT
 

THE VULCAN REPORT
Review of Emini NASDAQ 100 (US@NQ.1)
as of Thursday, August 18, 2011


Today's Price Action


Change  -114.7500 (-5.22%) 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. 


A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow).  This usually implies a continuation of a bearish trend.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -2.22
Swing Vix:     -2.62


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    7 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  7 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, Emini NASDAQ 100's price has decreased 3.23%, and has ranged from a high of 2,211.50 to a low of 1,972.25.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,089.75.


        TREND STRENGTH - ,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,089.75
Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution.
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 2,199.68
Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution.


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,181.35 -   


SUPPORT 2,058.15 - GO SHORT here 1,996.33 - place stoploss here 2,220.33 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,285.17-  


PulseWave BreakOut SUPPORT - 1,907.17- GO SHORT here 1,907.17 place stoploss here 2,220.33


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 2,089.75
Long term Trend Line support is currently at - 1,744.00
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 1,052.50


VOLATILITY
On 8/18/2011, Emini NASDAQ 100 closed   
above the lower band by 16.8%.
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 FAZ - SHORT BANKS ETF (NYSEARCA:FAZ)
as of Thursday, August 18, 2011


Today's Price Action


Change    7.3800 (12.77%) 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 5 rising windows in the last 50 candles--this makes the current rising window even more bullish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -11.18
Swing Vix:    -10.81


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    7 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  7 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, FAZ - SHORT BANKS ETF's price has increased 6.66% , and has ranged from a high of  81.50 to a low of  54.70.


     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. -    62.90
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. -    54.17
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    67.19 -  GO LONG here    68.95 place stoploss here    61.27


SUPPORT    62.97 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    91.31- GO LONG here    91.31 place stoploss here    61.27


PulseWave BreakOut SUPPORT -    47.36-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   140.45
Long term Trend Line resistance is currently at -    88.75
Long term Trend Line support is currently at -    62.90


VOLATILITY
On 8/18/2011, FAZ - SHORT BANKS ETF closed   
below the upper band by 24.7%.
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 QID - SHORT QQQ (NYSEARCA:QID)
as of Thursday, August 18, 2011


Today's Price Action


Change    4.7100 (8.66%) 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.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -1.64
Swing Vix:     -1.68


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-Sold Buy 16 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, QID - SHORT QQQ's price has been unchanged, and has ranged from a high of  60.15 to a low of  57.28.


     MOMENTUM


     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at-    71.29.


        TREND STRENGTH - ,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    71.29


The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    60.99




INTRADAY PRICE PROJECTIONS
RESISTANCE    60.29 -  GO LONG here    61.71 place stoploss here    55.97


SUPPORT    57.14 - GO SHORT here    55.97 - place stoploss here    61.71 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    66.44- GO LONG here    66.44 place stoploss here    55.97




PulseWave BreakOut SUPPORT -    50.30-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   148.73
Long term Trend Line resistance is currently at -    97.10
Long term Trend Line support is currently at -    71.29










VOLATILITY
On 8/18/2011, QID - SHORT QQQ closed   
below the upper band by 15.1%.
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.