Wednesday, June 23, 2010 - US Dollar Index - THE VULCAN REPORT Review of UUP - US Dollar Index ECN (UUP)

THE VULCAN REPORT
Review of UUP - US Dollar Index ECN (UUP)
as of Tuesday, June 22, 2010



    CHART PATTERNS

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

During the past 10 bars, there have been 5 white "UP" candles and 4 black "DOWN" candles for a net of 1 white (UP) candles.

During the past 50 bars, there have been 28 white "UP"  candles and 21 black "DOWN" candles for a net of 7 white (UP) candles.




PulseScan Swing Vix              Swing Index

PulseScan:    -39.04
Swing Vix:    -39.71

The Market Pulse is negative since it is trading below its signal line.The PulseScan crossed above the Swing Vix   0 period(s) ago.

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


  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  8 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, UUP - US Dollar Index ECN's price has been unchanged, and has ranged from a high of 25.0900 to a low of 24.9800.

     MARKET TREND

Currently the TREND is Bullish-Retracement- Up.
Today's Trend Momentum reading for UUP - US Dollar Index ECN is:

       Bullish\

The close is currently Above it's Long Term period moving average. 23.9250
The close is currently Above  it's Intermediate Term period moving average. 24.7165
The close is currently Below  it's Short Term period moving average. 25.1636
    
Trend Strength

   
Bullish Consolidation



VOLATILITY

On 6/22/2010, UUP - US Dollar Index ECN closed  
above the lower band by 25.3%.


PANDORA'S LITTLE BLACK BOX


PulseScan LONG ENTRY :  

      





Possible IntraDay 1st PulseWave Consolidation Break-Out -  25.1936

    Profit Target  25.3767
   Stop Loss/Stop & Reverse  25.0249






INTRADAY PRICE PROJECTIONS
        RESISTANCE  25.0653
        SUPPORT  25.0047

Watch for possible TREND REVERSAL breakout  shorts -  from  24.8900


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.