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%.
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%.
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