Quote from Vulcan Trader:
THE VULCAN REPORT
Review of $1$ QLD - PROSHARES ULTRA QQQ ETF (QLD)
as of Monday, August 15, 2011
Today's Price Action
Change 2.2500 (2.94%) 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: -22.79
Swing Vix: -25.86
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-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, $1$ QLD - PROSHARES ULTRA QQQ ETF's price has increased 4.66% , and has ranged from a high of 78.93 to a low of 70.60.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 73.93.
TREND STRENGTH - ,,,BEARISH 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. - 80.64
INTRADAY PRICE PROJECTIONS
RESISTANCE 79.05 - GO LONG here 80.47 place stoploss here 75.79
SUPPORT 76.47 - GO SHORT here 75.79 - place stoploss here 80.47
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 98.35-
PulseWave BreakOut SUPPORT - 64.12- GO SHORT here 64.12 place stoploss here 80.47
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 73.93
Long term Trend Line support is currently at - 50.77
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 4.46
VOLATILITY
On 8/15/2011, $1$ QLD - PROSHARES ULTRA QQQ ETF closed
above the lower band by 31.7%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
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THE VULCAN REPORT
Review of $1$ SLV - SILVER ETF (SLV)
as of Monday, August 15, 2011
Today's Price Action
Change 0.5500 (1.44%) 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: -14.45
Swing Vix: -16.34
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 13 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, $1$ SLV - SILVER ETF's price has increased 2.30% , and has ranged from a high of 38.79 to a low of 36.94.
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 34.44 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. - 32.86
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 31.20
INTRADAY PRICE PROJECTIONS
RESISTANCE 38.82 -
SUPPORT 38.15 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 42.72-
PulseWave BreakOut SUPPORT - 34.56-
VOLATILITY
On 8/15/2011, $1$ SLV - SILVER ETF closed
below the upper band by 47.4%.
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THE VULCAN REPORT
Review of $1$ GLD - COMEX Gold FUTURES ETF (GLD)
as of Monday, August 15, 2011
Today's Price Action
Change 1.8300 (1.08%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 31.16
Swing Vix: 31.98
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 1 period(s) ago.
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 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 1.08% , and has ranged from a high of 171.91 to a low of 167.77.
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. - 144.61
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 139.38
INTRADAY PRICE PROJECTIONS
RESISTANCE 172.06 -
SUPPORT 168.80 - GO SHORT here 167.93 - place stoploss here 173.85
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 152.44-
PulseWave BreakOut SUPPORT - 143.56-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 236.18
Long term Trend Line resistance is currently at - 175.13
Long term Trend Line support is currently at - 144.61
VOLATILITY
On 8/15/2011, $1$ GLD - COMEX Gold FUTURES ETF closed
below the upper band by 9.3%.
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.
