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7/29/2010 - THE VULCAN REPORT Review of DOW JONES ETF (DIA) as of Wednesday, July 28, 2010

|Includes: SPDR Dow Jones Industrial Average ETF (DIA)

 7/29/2010 - DIA - THE VULCAN REPORT Review of DOW JONES ETF (NYSEARCA:DIA) as of Wednesday, July 28, 2010

 
THE VULCAN REPORT
Review of DOW JONES ETF (DIA)
as of Wednesday, July 28, 2010


Today's Price Action


Change   -0.3500 (-0.33%) prices closed lower than they opened. with weak Bids going into the close. 


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:     43.26
Swing Vix:     40.81


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    3 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 15 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, DOW JONES ETF's price has increased 0.79% , and has ranged from a high of 105.8400 to a low of 102.9200.


     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 102.9425 is needed to re-establish the downward trend. However a close above 105.1350 will establish a new upward trend.


        TREND STRENGTH - ,
There is currently no trend strenght reading at this time.


TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  97.7500
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 103.2037 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 103.7164 




INTRADAY PRICE PROJECTIONS
RESISTANCE 105.3565
SUPPORT 104.8835


WEEKLY PRICE PROJECTIONS
RESISTANCE 104.1800
SUPPORT 100.0400


VOLATILITY
On 7/28/2010, DOW JONES ETF closed   
below the upper band by 18.9%.




     IN PLAY - (PANDORA'S LITTLE BLACK BOX)


LONG Signals :   


LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!


SHORT Signals :  


 SHORT POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
 
 
Risk Disclosure


General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. 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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