THE VULCAN REPORT
Review of $0$ GLD - COMEX Gold FUTURES ETF (GLD)
as of Friday, August 26, 2011
Today's Price Action
Change 5.1100 (2.96%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 14.43
Swing Vix: 17.99
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 3 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 2 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, $0$ GLD - COMEX Gold FUTURES ETF's price has decreased 0.11%, and has ranged from a high of 183.82 to a low of 165.88.
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. - 151.59
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 141.77
INTRADAY PRICE PROJECTIONS
RESISTANCE 177.84 - GO LONG here 181.39 place stoploss here 169.79
SUPPORT 171.46 - GO SHORT here 169.79 - place stoploss here 181.39
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 186.88- GO LONG here 186.88 place stoploss here 169.79
PulseWave BreakOut SUPPORT - 163.42-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 251.28
Long term Trend Line resistance is currently at - 184.82
Long term Trend Line support is currently at - 151.59
VOLATILITY
On 8/26/2011, $0$ GLD - COMEX Gold FUTURES ETF closed
below the upper band by 26.4%.
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 $0$ SLV - SILVER ETF (SLV)
as of Friday, August 26, 2011
Today's Price Action
Change 0.4100 (1.02%) prices closed higher than they opened. with strong Bids going into the close.
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).
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 16.14
Swing Vix: 18.57
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 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 22 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, $0$ SLV - SILVER ETF's price has increased 4.07% , and has ranged from a high of 40.42 to a low of 38.05.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 32.92
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 31.79
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.49 - GO LONG here 41.31 place stoploss here 38.63
SUPPORT 39.01 - GO SHORT here 38.63 - place stoploss here 41.31
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 43.31- GO LONG here 43.31 place stoploss here 38.63
PulseWave BreakOut SUPPORT - 36.78-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.22
Long term Trend Line resistance is currently at - 48.35
Long term Trend Line support is currently at - 32.92
VOLATILITY
On 8/26/2011, $0$ SLV - SILVER ETF closed
below the upper band by 29.1%.
============================================================
THE VULCAN REPORT
Review of $0$ GBP/USD - FOREX BRITTISH POUND (GBP/USD)
as of Friday, August 26, 2011
Today's Price Action
Change 0.0088 (0.54%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 5.38
Swing Vix: 8.16
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 3 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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 19 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, $0$ GBP/USD - FOREX BRITTISH POUND's price has decreased 0.72%, and has ranged from a high of 1.6571 to a low of 1.6211.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1.6019
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1.6054
INTRADAY PRICE PROJECTIONS
RESISTANCE 1.6383 - GO LONG here 1.6481 place stoploss here 1.6153
SUPPORT 1.6203 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1.6734- GO LONG here 1.6734 place stoploss here 1.6153
PulseWave BreakOut SUPPORT - 1.5993-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1.8202
Long term Trend Line resistance is currently at - 1.6747
Long term Trend Line support is currently at - 1.6019
VOLATILITY
On 8/26/2011, $0$ GBP/USD - FOREX BRITTISH POUND closed
below the upper band by 49.2%.
Review of $0$ GLD - COMEX Gold FUTURES ETF (GLD)
as of Friday, August 26, 2011
Today's Price Action
Change 5.1100 (2.96%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 14.43
Swing Vix: 17.99
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 3 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 2 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, $0$ GLD - COMEX Gold FUTURES ETF's price has decreased 0.11%, and has ranged from a high of 183.82 to a low of 165.88.
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. - 151.59
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 141.77
INTRADAY PRICE PROJECTIONS
RESISTANCE 177.84 - GO LONG here 181.39 place stoploss here 169.79
SUPPORT 171.46 - GO SHORT here 169.79 - place stoploss here 181.39
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 186.88- GO LONG here 186.88 place stoploss here 169.79
PulseWave BreakOut SUPPORT - 163.42-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 251.28
Long term Trend Line resistance is currently at - 184.82
Long term Trend Line support is currently at - 151.59
VOLATILITY
On 8/26/2011, $0$ GLD - COMEX Gold FUTURES ETF closed
below the upper band by 26.4%.
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 $0$ SLV - SILVER ETF (SLV)
as of Friday, August 26, 2011
Today's Price Action
Change 0.4100 (1.02%) prices closed higher than they opened. with strong Bids going into the close.
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).
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 16.14
Swing Vix: 18.57
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 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 22 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, $0$ SLV - SILVER ETF's price has increased 4.07% , and has ranged from a high of 40.42 to a low of 38.05.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 32.92
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 31.79
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.49 - GO LONG here 41.31 place stoploss here 38.63
SUPPORT 39.01 - GO SHORT here 38.63 - place stoploss here 41.31
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 43.31- GO LONG here 43.31 place stoploss here 38.63
PulseWave BreakOut SUPPORT - 36.78-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.22
Long term Trend Line resistance is currently at - 48.35
Long term Trend Line support is currently at - 32.92
VOLATILITY
On 8/26/2011, $0$ SLV - SILVER ETF closed
below the upper band by 29.1%.
============================================================
THE VULCAN REPORT
Review of $0$ GBP/USD - FOREX BRITTISH POUND (GBP/USD)
as of Friday, August 26, 2011
Today's Price Action
Change 0.0088 (0.54%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 5.38
Swing Vix: 8.16
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 3 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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 19 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, $0$ GBP/USD - FOREX BRITTISH POUND's price has decreased 0.72%, and has ranged from a high of 1.6571 to a low of 1.6211.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1.6019
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1.6054
INTRADAY PRICE PROJECTIONS
RESISTANCE 1.6383 - GO LONG here 1.6481 place stoploss here 1.6153
SUPPORT 1.6203 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1.6734- GO LONG here 1.6734 place stoploss here 1.6153
PulseWave BreakOut SUPPORT - 1.5993-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1.8202
Long term Trend Line resistance is currently at - 1.6747
Long term Trend Line support is currently at - 1.6019
VOLATILITY
On 8/26/2011, $0$ GBP/USD - FOREX BRITTISH POUND closed
below the upper band by 49.2%.