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7/23/2010 - DIA - THE VULCAN REPORT Review of DOW JONES ETF (DIA) as of Thursday, July 22, 2010

|Includes: SPDR Dow Jones Industrial Average ETF (DIA)
7/23/2010 - DIA - THE VULCAN REPORT Review of DOW JONES ETF (NYSEARCA:DIA) as of Thursday, July 22, 2010
 
 THE VULCAN REPORT
Review of DOW JONES ETF (DIA)
as of Thursday, July 22, 2010

Today's Price Action

Change    2.0200 (2.00%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     21.39
Swing Vix:     22.57

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    2 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-Sold Buy 11 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, DOW JONES ETF's price has increased 0.90% , and has ranged from a high of 103.7100 to a low of 100.0400.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 102.3350 is needed to re-establish the downward trend. However a close above 105.1350 will establish a new upward trend.
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  96.7650
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 102.9438
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 102.0447

         INTRADAY PRICE PROJECTIONS
        RESISTANCE 103.3747
        SUPPORT 102.5552

       WEEKLY PRICE PROJECTIONS
       RESISTANCE 104.1800
       SUPPORT 100.0400

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 144.1800
Long term Trend Line resistance is currently at - 112.5700
Long term Trend Line support is currently at -  96.7650
   
       VOLATILITY
On 7/22/2010, DOW JONES ETF closed 
below the upper band by 23.7%.


     IN PLAY - (PANDORA'S LITTLE BLACK BOX)

BULL MARKET LONG/SHORT Signals : 

THIS SECURITY IS NOT IN PLAY AT THIS TIME!

BEAR MARKET LONG/SHORT Signals :

THIS SECURITY IS NOT IN PLAY AT THIS TIME!





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