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.
PulseScan Swing Vix
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.
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,
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
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.