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7/19/2010 - SLV - THE VULCAN REPORT Review of SILVER Spot (XAG USD) as of Friday, July 16, 2010

|Includes: iShares Silver Trust ETF (SLV)
Sunday, July 18, 2010 7/19/2010 - SLV - THE VULCAN REPORT Review of SILVER Spot (XAG USD) as of Friday, July 16, 2010
 
 THE VULCAN REPORT
Review of SILVER Spot (XAG USD)
as of Friday, July 16, 2010

Today's Price Action

Change   -0.4800 (-2.62%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -13.05
Swing Vix:    -13.60

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    6 period(s) ago. CRASH ALERT  - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projections 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 73 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, SILVER Spot's price has decreased 0.56%, and has ranged from a high of 18.5100 to a low of 17.5700.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is .
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  16.4300
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  18.1890
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  18.1091
Today's Sell off pushed prices on the close    below the short term trendline resistance

         INTRADAY PRICE PROJECTIONS
        RESISTANCE  18.2183
        SUPPORT  17.8717

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  18.5100
       SUPPORT  17.5300

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  26.5400
Long term Trend Line resistance is currently at -  19.8000
Long term Trend Line support is currently at -  16.4300
   
       VOLATILITY
On 7/16/2010, SILVER Spot closed 
above the lower band by 23.3%.
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.



     IN PLAY

BULL MARKET LONG/SHORT Signals : 

      

BEAR MARKET LONG/SHORT Signals :  

3rd PulseWave SHORT ENTRY -  17.4000
   Profit Target   6.3200
   Stop Loss/Stop & Reverse  18.3915

CRASH ALERT  - (Market Top) Possible Selloff is likely do to weak market pulse projections.

Bearish Momentum Strengthening (Phase I).
Our Price Action Momentum indicators are pointing Down  possible selloff beyond intraday support.SHORT ENTRY -  17.6985
       Profit Target  16.0900
   Stop Loss  18.3915

 


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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