7/14/2010 - GLD - THE VULCAN REPORT Review of COMEX Gold FUTURES ETF (GLD) as of Tuesday, July 13, 2010

THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Tuesday, July 13, 2010

Today's Price Action

Change    1.0200 (0.87%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -27.63
Swing Vix:    -29.41

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher 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 40 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, COMEX Gold FUTURES ETF's price has been unchanged, and has ranged from a high of 119.1000 to a low of 118.3600.

       MOMENTUM

     MARKET TREND - Currently the TREND is Slightly Bullish - - The UpTrend is still entact with prices holding above trendline support at- 106.1900.


        TREND STRENGTH - Bullish 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.

The close is currently Above it's Long Term period moving average. - 106.1900
The close is currently Above  it's Intermediate Term period moving average. - 117.6816
The close is currently Above  it's Short Term period moving average. - 118.4620
Today's Rally pushed prices on the close above the short term trendline support
      

         INTRADAY PRICE PROJECTIONS
        RESISTANCE 118.9335
        SUPPORT 118.5265

       WEEKLY PRICE PROJECTIONS
      RESISTANCE 118.7300
      SUPPORT 116.1000

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 158.3000
Long term Trend Line resistance is currently at - 123.5600
Long term Trend Line support is currently at - 106.1900


HYPER PARABOLIC CIRCUIT BREAKERS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 262.5200
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 227.7800
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 193.0400

PLUNGE PROTECTION TEAM CIRCUIT BREAKERS



    
       VOLATILITY

On 7/13/2010, COMEX Gold FUTURES ETF closed  
above the lower band by 30.7%.
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.



     Pandora's Little Black Box of - (Buy & Sell Signals)

BUY Signals :  
3rd PulseWave LONG ENTRY - 123.5600
       Profit Target 120.8267
   Stop Loss/Stop & Reverse 118.3230

SELL Signals : 



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.