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Tuesday, April 12, 2011

AGQ INTRADAY - 04/12/2011

THE VULCAN REPORT
Review of DOUBLE SILVER ETF (AGQ)
as of Tuesday, April 12, 2011 4:00 PM


Today's Price Action


Change   with weak Bids going into the close.  0.3400 (0.14%) prices closed higher than they opened. 


An inverted hammer occurred.  If this occurs during a downtrend (which appears to be the case with DOUBLE SILVER ETF) it implies a reversal.  Look for a confirmation of the reversal on the bar.
A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
A shooting star occurred (a shooting star has a small real body near the bottom of the candle and a long upper shadow).  During an uptrend the long upper shadow indicates that the bears are gaining control and a top may occur.
A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -31.19
Swing Vix:    -30.52


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of   12 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support 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 10 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.The Swing Vix has set a new 14-period low while the security price has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
      
  *Since the last Swing Vix signal, DOUBLE SILVER ETF's price has decreased 6.02%, and has ranged from a high of 269.0000 to a low of 248.0100.


     MOMENTUM
     MARKET TREND - Currently the TREND is Slightly Bullish - .
    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 PulseWave Cycle TRENDLINE RETRACEMENT. - 212.6650
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 210.7319
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 245.4832 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 254.1843 


INTRADAY PRICE PROJECTIONS
RESISTANCE 252.3647
SUPPORT 251.5453


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 260.3800
PulseWave BreakOut SUPPORT - 248.0100


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 382.8700
Long term Trend Line resistance is currently at - 269.4000
Long term Trend Line support is currently at - 212.6650


BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 723.2800
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 609.8100
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 496.3400




VOLATILITY
On 4/12/2011 4:00 PM, DOUBLE SILVER ETF closed   
above the lower band by 19.6%.





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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