Review of DJUBS GRAINS ETF (JJG)
as of Friday, July 16, 2010
Today's Price Action
Change -0.2300 (-0.60%)
Strong Bids into the close.
PulseScan Swing Vix
Swing Vix: 44.48
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 above 39. This is where it usually tops. The Swing Vix usually forms tops and bottoms 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-Sold Buy 24 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, DJUBS GRAINS ETF's price has increased 10.00% , and has ranged from a high of 38.2400 to a low of 33.5800.
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation- The UpTrend is still entact with prices holding above trendline support at- 37.5000.
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.
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 37.5000
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 34.9433
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 36.4313
INTRADAY PRICE PROJECTIONS
WEEKLY PRICE PROJECTIONS
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 53.0100
Long term Trend Line resistance is currently at - 42.6700
Long term Trend Line support is currently at - 37.5000
BULL MARKET HYPER PARABOLIC CIRCUIT BREAKERS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 84.0300
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 73.6900
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 63.3500
On 7/16/2010, DJUBS GRAINS ETF closed
below the upper band by 3.2%.
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.
BULL MARKET LONG/SHORT Signals :
WARNING - Inside Day / Bullish Retracement pull back from previous high (Possible Breakdown below) - SHORT ENTRY - 37.5695
Profit Target 36.0867
Stop Loss 38.2405
BEAR MARKET LONG/SHORT Signals :
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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