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7/19/2010 - QQQQ - THE VULCAN REPORT Review of NASDAQ 100 ETF (QQQQ) as of Friday, July 16, 2010

|Includes: PowerShares QQQ Trust ETF (QQQ)
7/19/2010 - QQQQ - THE VULCAN REPORT Review of NASDAQ 100 ETF (QQQQ) as of Friday, July 16, 2010
 
 THE VULCAN REPORT
Review of NASDAQ 100 ETF (QQQQ)
as of Friday, July 16, 2010

Today's Price Action

Change   -1.2600 (-2.76%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     24.79
Swing Vix:     21.56

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    7 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-Sold Buy  7 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.The Swing Vix has set a new 14-period high while the security price has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out  We will wait to see if an upside breakout occurs.
        Since the last Swing Vix signal, NASDAQ 100 ETF's price has increased 0.86% , and has ranged from a high of 45.8100 to a low of 42.7000.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is .
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  42.4750
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  45.6028
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  44.6939


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  45.3230
        SUPPORT  44.5970

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  45.8100
       SUPPORT  41.7700

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  67.0000
Long term Trend Line resistance is currently at -  50.6500
Long term Trend Line support is currently at -  42.4750
   
       VOLATILITY
On 7/16/2010, NASDAQ 100 ETF closed 
above the lower band by 43.6%.


     Pandora's Little Black Box of - (Buy & Sell Signals)

BULL MARKET LONG/SHORT Signals : 

      
Positive Swing Vix with Bullish Momentum. - LONG ENTRY -  45.6860
   Profit Target  48.7133
   Stop Loss  44.2340

BEAR MARKET LONG/SHORT Signals :

Possible 1st PulseWave Consolidation Break-Down  SHORT ENTRY-  44.2865
   Profit Target  40.7933
   Stop Loss  45.6860

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

Bearish Momentum Strengthening (Phase I)SHORT ENTRY -  44.2340
       Profit Target  40.7933
   Stop Loss  45.6860



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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