Get Out Now!
- Thread starter Vulcan Trader
- Start date
USD selling and equity buy support returns - anticipating Jackson
Hole perhaps.
Hole perhaps.
LOOKS LIKE WE HAVE OURSELVES A RALLY. NOT BAD CONSIDERING WE HAD A MAJOR EARTHQUAKE HERE IN VIRGINIA
Jackson Hole bounce continues but it's a counter trend rally as
larger equity trends remain bearish and a USD rally lies ahead.
larger equity trends remain bearish and a USD rally lies ahead.
Jackson Hole counter trend bounce is looking tired.
See Market Outlook thread for future updates.
See Market Outlook thread for future updates.
GREAT CALL
SPX IS ONLY UP 8 % SINCE YOU CLAIMED THE SKY WAS FALLING
9/1/2011 - QLD - PROSHARES ULTRA QQQ ETF
THE VULCAN REPORT
Review of $0$ QLD - PROSHARES ULTRA QQQ ETF (QLD)
as of Wednesday, August 31, 2011
Today's Price Action
Change prices closed lower than they opened. with weak Bids going into the close. 0.3700 (0.46%)
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: 28.12
Swing Vix: 22.46
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 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-Sold Buy 16 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.
*Since the last Swing Vix signal, $0$ QLD - PROSHARES ULTRA QQQ ETF's price has increased 12.79% , and has ranged from a high of 82.43 to a low of 69.61.
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. - 80.10
INTRADAY PRICE PROJECTIONS
RESISTANCE 82.60 -
SUPPORT 78.93 - GO SHORT here 77.35 - place stoploss here 84.01
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 80.95-
PulseWave BreakOut SUPPORT - 63.60- GO SHORT here 63.60 place stoploss here 84.01
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 8/31/2011, $0$ QLD - PROSHARES ULTRA QQQ ETF closed
below the upper band by 16.1%.
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.
THE VULCAN REPORT
Review of $0$ QLD - PROSHARES ULTRA QQQ ETF (QLD)
as of Wednesday, August 31, 2011
Today's Price Action
Change prices closed lower than they opened. with weak Bids going into the close. 0.3700 (0.46%)
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: 28.12
Swing Vix: 22.46
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 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-Sold Buy 16 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.
*Since the last Swing Vix signal, $0$ QLD - PROSHARES ULTRA QQQ ETF's price has increased 12.79% , and has ranged from a high of 82.43 to a low of 69.61.
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. - 80.10
INTRADAY PRICE PROJECTIONS
RESISTANCE 82.60 -
SUPPORT 78.93 - GO SHORT here 77.35 - place stoploss here 84.01
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 80.95-
PulseWave BreakOut SUPPORT - 63.60- GO SHORT here 63.60 place stoploss here 84.01
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 8/31/2011, $0$ QLD - PROSHARES ULTRA QQQ ETF closed
below the upper band by 16.1%.
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.
Friday, September 2, 2011
9/2/2011 - QLD - PROSHARES ULTRA QQQ ETF
THE VULCAN REPORT
Review of $0$ QLD - PROSHARES ULTRA QQQ ETF (QLD)
as of Thursday, September 01, 2011
Today's Price Action
Change -1.5800 (-1.96%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 35.03
Swing Vix: 30.84
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 5 period(s) ago. The Swing Vix is above 29. This is where it usually forms Resistance. The Swing Vix usually forms Resistance before the underlying security.CRASH ALERT - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projections
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 17 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, $0$ QLD - PROSHARES ULTRA QQQ ETF's price has increased 10.58% , and has ranged from a high of 82.43 to a low of 69.61.
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. - 80.12
INTRADAY PRICE PROJECTIONS
RESISTANCE 82.31 -
SUPPORT 78.50 - GO SHORT here 76.45 - place stoploss here 83.39
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 80.95-
PulseWave BreakOut SUPPORT - 63.60- GO SHORT here 63.60 place stoploss here 83.39
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 9/1/2011, $0$ QLD - PROSHARES ULTRA QQQ ETF closed
below the upper band by 24.9%.
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.
9/2/2011 - QLD - PROSHARES ULTRA QQQ ETF
THE VULCAN REPORT
Review of $0$ QLD - PROSHARES ULTRA QQQ ETF (QLD)
as of Thursday, September 01, 2011
Today's Price Action
Change -1.5800 (-1.96%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 35.03
Swing Vix: 30.84
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 5 period(s) ago. The Swing Vix is above 29. This is where it usually forms Resistance. The Swing Vix usually forms Resistance before the underlying security.CRASH ALERT - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projections
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 17 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, $0$ QLD - PROSHARES ULTRA QQQ ETF's price has increased 10.58% , and has ranged from a high of 82.43 to a low of 69.61.
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. - 80.12
INTRADAY PRICE PROJECTIONS
RESISTANCE 82.31 -
SUPPORT 78.50 - GO SHORT here 76.45 - place stoploss here 83.39
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 80.95-
PulseWave BreakOut SUPPORT - 63.60- GO SHORT here 63.60 place stoploss here 83.39
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 9/1/2011, $0$ QLD - PROSHARES ULTRA QQQ ETF closed
below the upper band by 24.9%.
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.
Expected resumption of the equity downtrend is confirmed.