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8/19/2011 - THE VULCAN REPORT

|Includes: FAZ, GLD, ProShares UltraShort QQQ ETF (QID), SLV
Friday, August 19, 2011
8/19/2011 - THE VULCAN REPORT
 

THE VULCAN REPORT
Review of $1$ SLV - SILVER ETF (NYSEARCA:SLV)
as of Thursday, August 18, 2011


Today's Price Action


Change   prices closed lower than they opened.  0.3300 (0.84%)  with strong Bids going into the close.


A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:      6.74
Swing Vix:      3.49


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    5 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 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, $1$ SLV - SILVER ETF's price has increased 4.92% , and has ranged from a high of  39.87 to a low of  36.94.


     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 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. -    32.89


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    31.39


INTRADAY PRICE PROJECTIONS
RESISTANCE    39.90 -  GO LONG here    40.17 place stoploss here    39.07


SUPPORT    39.29 - GO SHORT here    39.07 - place stoploss here    40.17 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    42.72- GO LONG here    42.72 place stoploss here    39.07


PulseWave BreakOut SUPPORT -    34.56-  


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    79.27
Long term Trend Line resistance is currently at -    48.35
Long term Trend Line support is currently at -    32.89


VOLATILITY
On 8/18/2011, $1$ SLV - SILVER ETF closed   
below the upper band by 25.3%.
     ========================================



THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Thursday, August 18, 2011


Today's Price Action


Change   -5.9400 (-6.80%) 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. 


An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body).  The engulfing bearish pattern is bearish during an uptrend.  It then signifies that the momentum may be shifting from the bulls to the bears.  


If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with $0$ CL - LIGHT CRUDE COMPOSITE Continuous), it may be a last engulfing bottom which indicates a bullish reversal.  The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -6.97
Swing Vix:     -6.96


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    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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, $0$ CL - LIGHT CRUDE COMPOSITE Continuous's price has been unchanged, and has ranged from a high of  87.71 to a low of  81.27.


     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. -    92.79


The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    92.00


INTRADAY PRICE PROJECTIONS
RESISTANCE    88.03 -   


SUPPORT    80.95 - GO SHORT here    77.03 - place stoploss here    89.91 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    91.57-  


PulseWave BreakOut SUPPORT -    72.96- GO SHORT here    72.96 place stoploss here    89.91


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -    92.79
Long term Trend Line support is currently at -    70.76
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    26.69


VOLATILITY
On 8/18/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed   
above the lower band by 15.8%.
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 $1$ DUG - PROSHARES ULTRASHORT OIL & GAS ETF (NYSEARCA:DUG)
as of Thursday, August 18, 2011


Today's Price Action


Change    3.6100 (11.38%) 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.
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:     -3.43
Swing Vix:     -2.44


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, $1$ DUG - PROSHARES ULTRASHORT OIL & GAS ETF's price has increased 0.60% , and has ranged from a high of  40.49 to a low of  30.65.


     MOMENTUM


     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at-    48.01.


        TREND STRENGTH - ,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    48.01


The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    38.04


INTRADAY PRICE PROJECTIONS
RESISTANCE    36.13 -  GO LONG here    37.41 place stoploss here    32.51


SUPPORT    33.44 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    42.28- GO LONG here    42.28 place stoploss here    32.51


PulseWave BreakOut SUPPORT -    29.29-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   117.57
Long term Trend Line resistance is currently at -    71.20
Long term Trend Line support is currently at -    48.01


VOLATILITY
On 8/18/2011, $1$ DUG - PROSHARES ULTRASHORT OIL & GAS ETF closed   
below the upper band by 22.5%.
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 $1$ FAZ - FINANCIAL BEAR 3X ETF (NYSEARCA:FAZ)
as of Thursday, August 18, 2011


Today's Price Action


Change    8.2300 (14.30%) 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:    -10.96
Swing Vix:    -10.55


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, $1$ FAZ - FINANCIAL BEAR 3X ETF's price has increased 7.68% , 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. -    54.18
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    67.41 -  GO LONG here    69.44 place stoploss here    61.34


SUPPORT    62.96 - GO SHORT here    61.34 - place stoploss here    69.44 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    91.31- GO LONG here    91.31 place stoploss here    61.34


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, $1$ FAZ - FINANCIAL BEAR 3X ETF closed   
below the upper band by 24.0%.
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 $1$ GLD - COMEX Gold FUTURES ETF (NYSEARCA:GLD)
as of Thursday, August 18, 2011


Today's Price Action


Change    3.3000 (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 10 rising windows in the last 50 candles--this makes the current rising window even more bullish.
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:     38.85
Swing Vix:     37.28


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    2 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance 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 13 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, $1$ GLD - COMEX Gold FUTURES ETF's price has increased 2.18% , and has ranged from a high of 178.10 to a low of 172.50.


     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. -   147.23


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   140.14


INTRADAY PRICE PROJECTIONS
RESISTANCE   178.18 -  GO LONG here   179.10 place stoploss here   175.72


SUPPORT   176.33 -  -  


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 =   239.85
Long term Trend Line resistance is currently at -   178.10
Long term Trend Line support is currently at -   147.23


VOLATILITY
On 8/18/2011, $1$ GLD - COMEX Gold FUTURES ETF closed   
below the upper band by 4.4%.
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 $1$ QID - PROSHARES ULTRASHORT QQQ ETF (NYSEARCA:QID)
as of Thursday, August 18, 2011


Today's Price Action


Change    5.2000 (9.56%) 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:     -0.81
Swing Vix:     -0.91


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, $1$ QID - PROSHARES ULTRASHORT QQQ ETF's price has been unchanged, and has ranged from a high of  60.65 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    60.82 -  GO LONG here    62.54 place stoploss here    55.80


SUPPORT    57.11 - GO SHORT here    55.80 - place stoploss here    62.54 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    66.44- GO LONG here    66.44 place stoploss here    55.80


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, $1$ QID - PROSHARES ULTRASHORT QQQ ETF closed   
below the upper band by 13.9%.
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.