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Thursday, September 1, 2011

9/1/2011 - TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF


THE VULCAN REPORT
Review of $0$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF (TYD)
as of Wednesday, August 31, 2011


Today's Price Action


Change   -0.7200 (-0.98%) 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:      1.73
Swing Vix:      3.19


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    6 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 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, $0$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF's price has decreased 1.57%, and has ranged from a high of  74.95 to a low of  71.23.


     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. -    63.10


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    59.35




INTRADAY PRICE PROJECTIONS
RESISTANCE    73.76 -  GO LONG here    74.13 place stoploss here    71.67


SUPPORT    72.41 - GO SHORT here    71.67 - place stoploss here    74.13 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    76.96- GO LONG here    76.96 place stoploss here    71.67


PulseWave BreakOut SUPPORT -    59.52-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   102.42
Long term Trend Line resistance is currently at -    76.21
Long term Trend Line support is currently at -    63.10




VOLATILITY
On 8/31/2011, $0$ TYD - DIRXN DLY 10 YR TRSY BUL 3X SHS ETF closed   
below the upper band by 43.5%.
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.    

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