6/28/2010 - GLD -THE VULCAN REPORT - Review of COMEX Gold FUTURES ETF (GLD)

THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Friday, June 25, 2010



    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 6 white "UP" candles and 4 black "DOWN" candles for a net of 2 white (UP) candles.

During the past 50 bars, there have been 33 white "UP"  candles and 17 black "DOWN" candles for a net of 16 white (UP) candles.

A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar.
A rising window occurred  (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.  There have been 8 rising windows in the last 50 candles--this makes the current rising window even more bullish.
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.



PulseScan Swing Vix              Swing Index

PulseScan:     13.15
Swing Vix:     14.61

The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed below the Swing Vix   3 period(s) ago.

 The Trend Channel is DOWN!  (i.e. "Negative Swing Vix") This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 days  


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 29 period(s) Ago.


The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
        Since the Swing Vix crossed its moving average, COMEX Gold FUTURES ETF's price has increased 1.08% , and has ranged from a high of 123.1300 to a low of 119.7700.

     MARKET TREND

Currently the TREND is VERY-BULLISH- Up.
Today's Trend Momentum reading for COMEX Gold FUTURES ETF is:

       Very Bullish\

The close is currently Above it's Long Term period moving average.106.1600
The close is currently Above  it's Intermediate Term period moving average.117.3067
The close is currently Above  it's Short Term period moving average.120.3018
    


Trend Strength
    Bullish Strength




VOLATILITY

On 6/25/2010, COMEX Gold FUTURES ETF closed  
below the upper band by 4.7%.

Although prices have broken the lower band and a downside breakout is possible, the most likely scenario is for the current trading range that COMEX Gold FUTURES ETF is in to continue.")Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current trading range that COMEX Gold FUTURES ETF is in to continue.")


PANDORA'S LITTLE BLACK BOX


PulseScan LONG ENTRY :  

      

INTRADAY PRICE PROJECTIONS
        RESISTANCE 122.9860
        SUPPORT 122.6340

Watch for possible TREND REVERSAL breakout  shorts -  with a close below 119.7700
Watch for possible EXPLOSIVE CONTINUATION BREAKOUT RALLY  -  with a close above 123.5000


Swing Vix SHORT ENTRY : 









This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.