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Tuesday, August 2, 2011

8/2/2011 - THE VULCAN REPORT

THE VULCAN REPORT
Review of $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF (TYD)
as of Monday, August 01, 2011


Today's Price Action


Change    0.6500 (1.02%) prices closed higher than they opened.  with strong Bids going into the close.This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears when prices are "low," it may be the first sign of a bottom.  If it occurs when prices are rebounding off of a support area , the long white candle adds credibility to the support.  Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     27.79
Swing Vix:     24.50


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    1 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-Bought Sell  8 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix 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, $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF's price has increased 1.02% , and has ranged from a high of  64.54 to a low of  62.39.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        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.,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    59.26
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    57.04


INTRADAY PRICE PROJECTIONS
RESISTANCE    64.60  GO LONG here
SUPPORT    63.28  place stoploss here


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    62.28  
PulseWave BreakOut SUPPORT -    60.11  


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    87.02
Long term Trend Line resistance is currently at -    68.51
Long term Trend Line support is currently at -    59.26


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =   142.55
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =   124.04
BUBBLE PHASE I - (24-36mo) PRICE TARGET =   105.53


VOLATILITY
On 8/1/2011, $1$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF closed   above the upper band by 4.3%.
=======================================================



THE VULCAN REPORT
Review of $1$ JO - FUTURES COFFEE ETN (JO)
as of Monday, August 01, 2011


Today's Price Action


Change   prices closed lower than they opened. with weak Bids going into the close.  0.7000 (1.14%) 


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -40.06
Swing Vix:    -39.83


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    2 period(s) ago. The Swing Vix is below -39.  This is where it usually bottoms.  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  4 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, $1$ JO - FUTURES COFFEE ETN's price has increased 1.45% , and has ranged from a high of  63.11 to a low of  61.35.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-    61.92.


        TREND STRENGTH - ,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    61.92
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    62.05


INTRADAY PRICE PROJECTIONS
RESISTANCE    62.86  GO LONG here
SUPPORT    62.06  place stoploss here


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    63.75 place stoploss here 
PulseWave BreakOut SUPPORT -    61.35 GO SHORT here 


VOLATILITY
On 8/1/2011, $1$ JO - FUTURES COFFEE ETN closed   
above the lower band by 26.4%.
     ==================================================



THE VULCAN REPORT
Review of $1$ MOO - FUTURES AGRIBUS ETF (MOO)
as of Monday, August 01, 2011


Today's Price Action


Change   prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.  0.0800 (0.15%) 


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -3.31
Swing Vix:      1.81


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    3 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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-Bought Sell 14 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, $1$ MOO - FUTURES AGRIBUS ETF's price has decreased 0.37%, and has ranged from a high of  55.53 to a low of  53.36.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        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.,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    48.44
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    51.32


INTRADAY PRICE PROJECTIONS
RESISTANCE    55.63  
SUPPORT    53.49  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    56.22  GO LONG here
PulseWave BreakOut SUPPORT -    53.08  place stoploss here


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    76.90
Long term Trend Line resistance is currently at -    57.93
Long term Trend Line support is currently at -    48.44


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =   133.81
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =   114.84
BUBBLE PHASE I - (24-36mo) PRICE TARGET =    95.87


VOLATILITY
On 8/1/2011, $1$ MOO - FUTURES AGRIBUS ETF closed   
above the lower band by 39.3%.
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.    
==============================================



THE VULCAN REPORT
Review of $1$ QLD - PROSHARES ULTRA QQQ ETF (QLD)
as of Monday, August 01, 2011


Today's Price Action


Change   -0.6600 (-0.72%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -2.31
Swing Vix:      3.43


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    3 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-Bought Sell 14 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, $1$ QLD - PROSHARES ULTRA QQQ ETF's price has decreased 1.12%, and has ranged from a high of  95.29 to a low of  88.10.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    73.93
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    80.87


INTRADAY PRICE PROJECTIONS
RESISTANCE    93.99  
SUPPORT    87.82  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    97.08  GO LONG here
PulseWave BreakOut SUPPORT -    87.80  place stoploss here


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   143.39
Long term Trend Line resistance is currently at -    97.08
Long term Trend Line support is currently at -    73.93


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =   282.32
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =   236.01
BUBBLE PHASE I - (24-36mo) PRICE TARGET =   189.70


VOLATILITY
On 8/1/2011, $1$ QLD - PROSHARES ULTRA QQQ ETF closed   
above the lower band by 27.8%.
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.     
========================================================



THE VULCAN REPORT
Review of $1$ SLV - SILVER ETF (SLV)
as of Monday, August 01, 2011


Today's Price Action


Change   -0.5600 (-1.44%) with weak Bids going into the close. prices closed higher than they opened. 


A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next 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).


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     28.02
Swing Vix:     30.49


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    3 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-Bought Sell  3 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, $1$ SLV - SILVER ETF's price has decreased 2.25%, and has ranged from a high of  40.35 to a low of  38.03.


     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    35.04 is needed to re-establish the downward trend. However a close above    40.16 will establish a new upward trend.


        TREND STRENGTH - ,,,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    32.70
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    30.64


INTRADAY PRICE PROJECTIONS
RESISTANCE    39.08  
SUPPORT    37.98  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    40.35  
PulseWave BreakOut SUPPORT -    37.23  


VOLATILITY
On 8/1/2011, $1$ SLV - SILVER ETF closed   
below the upper band by 40.1%.
     ==================================================



THE VULCAN REPORT
Review of $1$ SSO - PROSHARES ULTRA S&P 500 ETF (SSO)
as of Monday, August 01, 2011


Today's Price Action


Change   -0.4800 (-0.95%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 


An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body).  The engulfing bearish pattern is bearish during an uptrend.  It then signifies that the momentum may be shifting from the bulls to the bears.  


If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with $1$ SSO - PROSHARES ULTRA S&P 500 ETF), it may be a last engulfing bottom which indicates a bullish reversal.  The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -26.15
Swing Vix:    -20.32


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    3 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-Bought Sell 15 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
      
  *Since the last Swing Vix signal, $1$ SSO - PROSHARES ULTRA S&P 500 ETF's price has decreased 2.92%, and has ranged from a high of  53.28 to a low of  49.25.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-    44.83.


        TREND STRENGTH - Bearish KUMO-BREAKDOWN,T/K BREAKDOWN,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    44.83
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    48.15


INTRADAY PRICE PROJECTIONS
RESISTANCE    52.06 place stoploss here 
SUPPORT    49.12 GO SHORT here 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    55.08  
PulseWave BreakOut SUPPORT -    50.96  


VOLATILITY
On 8/1/2011, $1$ SSO - PROSHARES ULTRA S&P 500 ETF closed   
above the lower band by 1.2%.
====================================================

THE VULCAN REPORT
Review of $1$ BAL - FUTURES COTTON ETN (BAL)
as of Monday, August 01, 2011

Today's Price Action

Change    2.4510 (3.90%) prices closed higher than they opened.  with strong Bids going into the close.

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:      1.76
Swing Vix:     -3.35

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   10 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  9 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, $1$ BAL - FUTURES COTTON ETN's price has increased 8.16% , and has ranged from a high of  65.33 to a low of  57.72.

     MOMENTUM

     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.

        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    76.56
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    72.11

INTRADAY PRICE PROJECTIONS
RESISTANCE    65.48  GO LONG here
SUPPORT    62.20  place stoploss here

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    63.64 place stoploss here 
PulseWave BreakOut SUPPORT -    57.85 GO SHORT here 

Long term Trend Line resistance is currently at -    76.56
Long term Trend Line support is currently at -    35.79
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   -45.75

DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =  -127.29
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =  -208.83
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =  -290.37

VOLATILITY
On 8/1/2011, $1$ BAL - FUTURES COTTON ETN closed   
below the upper band by 46.1%.
======================================================

THE VULCAN REPORT
Review of $1$ CORN - TEUCRIUM CORN FD (CORN.K)
as of Monday, August 01, 2011

Today's Price Action

Change    1.4500 (3.24%) prices closed higher than they opened.  with strong Bids going into the close.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     25.75
Swing Vix:     25.43

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    0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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-Bought Sell  8 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix 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, $1$ CORN - TEUCRIUM CORN FD's price has been unchanged, and has ranged from a high of  46.21 to a low of  45.24.

     MOMENTUM

     MARKET TREND - Currently the TREND is .

        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.Bullish KUMO-BREAKOUT,,BULLISH MOMENTUM,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    36.28
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    39.41

INTRADAY PRICE PROJECTIONS
RESISTANCE    46.26  GO LONG here
SUPPORT    45.20  place stoploss here

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    46.34  GO LONG here
PulseWave BreakOut SUPPORT -    44.73  place stoploss here

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    73.75
Long term Trend Line resistance is currently at -    48.77
Long term Trend Line support is currently at -    36.28

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =   148.69
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =   123.71
BUBBLE PHASE I - (24-36mo) PRICE TARGET =    98.73

VOLATILITY
On 8/1/2011, $1$ CORN - TEUCRIUM CORN FD closed   
below the upper band by 23.5%.
===============================================

THE VULCAN REPORT
Review of $1$ COW -FUTURES LIVESTOCK ETN (COW)
as of Monday, August 01, 2011

Today's Price Action

Change    0.2800 (0.93%) prices closed higher than they opened.  with strong Bids going into the close.This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears when prices are "low," it may be the first sign of a bottom.  If it occurs when prices are rebounding off of a support area , the long white candle adds credibility to the support.  Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:    -10.96
Swing Vix:    -13.91

The Market Pulse is negative since it is trading below 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 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-Bought Sell 24 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, $1$ COW -FUTURES LIVESTOCK ETN's price has increased 1.57% , and has ranged from a high of  30.45 to a low of  29.79.

     MOMENTUM

     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at-    30.24.

        TREND STRENGTH - ,,BULLISH MOMENTUM,

TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    30.24
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    29.94

INTRADAY PRICE PROJECTIONS
RESISTANCE    30.47  GO LONG here
SUPPORT    29.99  place stoploss here

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    30.19  
PulseWave BreakOut SUPPORT -    29.51  

VOLATILITY
On 8/1/2011, $1$ COW -FUTURES LIVESTOCK ETN closed   
below the upper band by 24.9%.
     =====================================================

THE VULCAN REPORT
Review of $1$ DDM - PROSHARES ULTRA DOW 30 ETF (DDM)
as of Monday, August 01, 2011

Today's Price Action

Change   -0.2200 (-0.36%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:    -35.14
Swing Vix:    -29.74

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    4 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 14 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
      
  *Since the last Swing Vix signal, $1$ DDM - PROSHARES ULTRA DOW 30 ETF's price has decreased 6.01%, and has ranged from a high of  64.79 to a low of  58.97.

     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    60.50 is needed to re-establish the downward trend. However a close above    62.72 will establish a new upward trend.

        TREND STRENGTH - ,,,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    53.81
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    56.51

INTRADAY PRICE PROJECTIONS
RESISTANCE    62.28  
SUPPORT    58.81  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    66.67  
PulseWave BreakOut SUPPORT -    61.97  

VOLATILITY
On 8/1/2011, $1$ DDM - PROSHARES ULTRA DOW 30 ETF closed below the lower band by 2.9%.  
====================================================

THE VULCAN REPORT
Review of $1$ DIG - PROSHARES ULTRA OIL & GAS ETF (DIG)
as of Monday, August 01, 2011

Today's Price Action

Change   -0.0700 (-0.12%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     -4.00
Swing Vix:      2.41

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    4 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-Bought Sell  3 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, $1$ DIG - PROSHARES ULTRA OIL & GAS ETF's price has decreased 7.31%, and has ranged from a high of  61.62 to a low of  55.10.

     MOMENTUM

     MARKET TREND - Currently the TREND is .

        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.,,BULLISH MOMENTUM,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    44.58
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    48.49

INTRADAY PRICE PROJECTIONS
RESISTANCE    58.41  
SUPPORT    54.94  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    61.86  GO LONG here
PulseWave BreakOut SUPPORT -    54.20  place stoploss here

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   101.73
Long term Trend Line resistance is currently at -    63.63
Long term Trend Line support is currently at -    44.58

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =   216.03
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =   177.93
BUBBLE PHASE I - (24-36mo) PRICE TARGET =   139.83

VOLATILITY
On 8/1/2011, $1$ DIG - PROSHARES ULTRA OIL & GAS ETF closed   
above the lower band by 33.2%.
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.     
=======================================================

THE VULCAN REPORT
Review of $1$ FAS - DIREXION DAILY FIN BULL 3X ETF (FAS)
as of Monday, August 01, 2011

Today's Price Action

Change   -0.2800 (-1.22%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:    -17.75
Swing Vix:    -14.27

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    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-Bought Sell 16 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, $1$ FAS - DIREXION DAILY FIN BULL 3X ETF's price has decreased 2.16%, and has ranged from a high of  24.07 to a low of  22.15.

     MOMENTUM

     MARKET TREND - Currently the TREND is .

        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    25.67
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    26.49

INTRADAY PRICE PROJECTIONS
RESISTANCE    24.16  
SUPPORT    22.15  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    25.85 place stoploss here 
PulseWave BreakOut SUPPORT -    21.95 GO SHORT here 

Long term Trend Line resistance is currently at -    25.67
Long term Trend Line support is currently at -    17.05
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    -0.19

DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =   -17.43
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =   -34.67
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =   -51.91

VOLATILITY
On 8/1/2011, $1$ FAS - DIREXION DAILY FIN BULL 3X ETF closed   
above the lower band by 16.5%.
     ========================================================

THE VULCAN REPORT
Review of $1$ GLD - COMEX Gold FUTURES ETF (GLD)
as of Monday, August 01, 2011

Today's Price Action

Change   -0.5700 (-0.36%) with weak Bids going into the close. prices closed higher than they opened. 

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     37.03
Swing Vix:     38.36

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    3 period(s) ago. However, the Swing Vix just crossed below 39 from a topping formation.  This is a bearish sign.  
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  0 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, $1$ GLD - COMEX Gold FUTURES ETF's price has increased 0.34% , and has ranged from a high of 159.25 to a low of 156.11.

     MOMENTUM

     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.

        TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -   136.17
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   137.22

INTRADAY PRICE PROJECTIONS
RESISTANCE   159.08  
SUPPORT   156.67  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   156.58  
PulseWave BreakOut SUPPORT -   154.10  

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   205.42
Long term Trend Line resistance is currently at -   159.25
Long term Trend Line support is currently at -   136.17

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =   343.93
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =   297.76
BUBBLE PHASE I - (24-36mo) PRICE TARGET =   251.59

VOLATILITY
On 8/1/2011, $1$ GLD - COMEX Gold FUTURES ETF closed   
below the upper band by 24.1%.
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.     
========================================================

THE VULCAN REPORT
Review of $1$ JJA - (Corn Wheat Soybeans) AGRICLTUR ETN (JJA)
as of Monday, August 01, 2011

Today's Price Action

Change   prices closed lower than they opened.  0.9200 (1.54%)  with strong Bids going into the close.

A hammer occurred (a hammer has a long lower shadow and closes near the high).  Hammers must appear after a significant decline or when prices are oversold to be valid.  When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.
A hanging man occurred (a hanging man has a very long lower shadow and a small real body).  This pattern can be bullish or bearish, depending on the trend.  If it occurs during an uptrend (which appears to be the case with $1$ JJA - (Corn Wheat Soybeans) AGRICLTUR ETN) it is called a hanging man line and signifies a reversal top.  If it occurs during a downtrend it is called a bullish hammer.
A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
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.
Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     -2.51
Swing Vix:      0.86

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    8 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 26 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, $1$ JJA - (Corn Wheat Soybeans) AGRICLTUR ETN's price has decreased 0.90%, and has ranged from a high of  61.87 to a low of  59.61.

     MOMENTUM

     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-    54.80Slightly Bearish - .

        TREND STRENGTH - ,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    54.80
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    58.12

INTRADAY PRICE PROJECTIONS
RESISTANCE    60.75 place stoploss here 
SUPPORT    60.11 GO SHORT here 

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    61.87  
PulseWave BreakOut SUPPORT -    60.29  

VOLATILITY
On 8/1/2011, $1$ JJA - (Corn Wheat Soybeans) AGRICLTUR ETN closed   
above the lower band by 49.5%.
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.     
===========================================================

THE VULCAN REPORT
Review of $1$ XLF - FINANCIAL SELEC SPDR ETF (XLF)
as of Monday, August 01, 2011

Today's Price Action

Change   -0.0450 (-0.30%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 

     MARKET SENTIMENT
  
PulseScan Swing Vix

PulseScan:     -9.82
Swing Vix:     -6.68

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    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 34 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, $1$ XLF - FINANCIAL SELEC SPDR ETF's price has decreased 0.61%, and has ranged from a high of  15.03 to a low of  14.62.

     MOMENTUM

     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.

        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    15.25
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    15.47

INTRADAY PRICE PROJECTIONS
RESISTANCE    15.05  
SUPPORT    14.60  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    15.41 place stoploss here 
PulseWave BreakOut SUPPORT -    14.48 GO SHORT here 

Long term Trend Line resistance is currently at -    15.25
Long term Trend Line support is currently at -    13.29
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =     9.38

DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =     5.47
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =     1.56
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =    -2.35

VOLATILITY
On 8/1/2011, $1$ XLF - FINANCIAL SELEC SPDR ETF closed   
above the lower band by 21.1%.
     

Risk Disclosure

General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe 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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