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

7/7/2010 - THE VULCAN REPORT Review of COMEX Gold FUTURES ETF (GLD) as of Tuesday, July 06, 2010

|Includes: SPDR Gold Trust ETF (GLD)
THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (NYSEARCA:GLD)
as of Tuesday, July 06, 2010


    CHART PATTERNS


PulseScan Swing Vix              Swing Index

PulseScan:    -26.67
Swing Vix:    -21.55

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    9 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 35 period(s) Ago.

The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.

        Since the last Swing Vix signal, COMEX Gold FUTURES ETF's price has decreased 4.07%, and has ranged from a high of 123.5600 to a low of 116.3000.

     MARKET TREND - Currently the TREND is - Upward Pressure.
        TREND STRENGTH - Bullish Strength - Price Projection Target  158.3000

The close is currently Above it's Long Term period moving average.106.1900


The close is currently Below  it's Intermediate Term period moving average.117.6584
The close is currently Below  it's Short Term period moving average.119.5044

     
    VOLATILITY

On 7/6/2010, COMEX Gold FUTURES ETF closed below the lower band by 10.9%. 


PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY : 
 


INTRADAY PRICE PROJECTIONS
        RESISTANCE 117.4005
        SUPPORT 116.6195


Swing Vix SHORT ENTRY : 




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.