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8/9/2010 - THE VULCAN REPORT Review of NQ - $NDX E-mini NASDAQ 100 FUTURES (NQ) as of Friday, August 06, 2010

 8/9/2010 - THE VULCAN REPORT Review of NQ - $NDX E-mini NASDAQ 100 FUTURES (NYSE:NQ) as of Friday, August 06, 2010

 
THE VULCAN REPORT
Review of NQ - $NDX E-mini NASDAQ 100 FUTURES (NQ)
as of Friday, August 06, 2010


Today's Price Action


Change   -2.0699 (-0.11%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:     45.04
Swing Vix:     42.66


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    2 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-Bought Sell  6 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, NQ - $NDX E-mini NASDAQ 100 FUTURES's price has decreased 0.33%, and has ranged from a high of 1,911.0100 to a low of 1,873.4399.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 1,810.4500.


        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.,


TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,810.4500
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,863.2476 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 1,886.6184 




INTRADAY PRICE PROJECTIONS
RESISTANCE 1,897.9067
SUPPORT 1,880.5432


WEEKLY PRICE PROJECTIONS
RESISTANCE 1,900.1500
SUPPORT 1,833.9000


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,557.6001
Long term Trend Line resistance is currently at - 2,059.5000
Long term Trend Line support is currently at - 1,810.4500


BULL MARKET HYPER PARABOLIC CIRCUIT BREAKERS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 4,051.8999
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 3,553.7998
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 3,055.7000


VOLATILITY
On 8/6/2010, NQ - $NDX E-mini NASDAQ 100 FUTURES closed   
below the upper band by 18.8%.
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.


     IN PLAY - (PANDORA'S LITTLE BLACK BOX)


LONG Signals :   


        Positive Swing Vix with Bullish Momentum.      


       LONG ENTRY- 1,906.5885
   Profit Target 2,020.0570
   Stop Loss 1,871.8615




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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Posted by The Vulcan at 7:40 AM