7/15/2010 - ES Emini S&P 500 Futures - THE VULCAN REPORT Review of E-mini S&P 500 FUTURES (ES) as of Wednesday, July 14, 2010

THE VULCAN REPORT
Review of E-mini S&P 500 FUTURES (ES)
as of Wednesday, July 14, 2010

Today's Price Action

Change   -0.1699 (-0.02%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     19.06
Swing Vix:     13.51

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    5 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  5 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.

The Swing Vix has set a new 14-period high while the security price has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out  We will wait to see if an upside breakout occurs.

        Since the last Swing Vix signal, E-mini S&P 500 FUTURES's price has increased 3.29% , and has ranged from a high of 1,099.4600 to a low of 1,028.5400.

       MOMENTUM

     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution-The DownTrend is still entact with prices holding below trendline resistance at- 1,099.1500.


        TREND STRENGTH - Bearish 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.

The close is currently Above it's Long Term period moving average. - 1,099.1500
The close is currently Below  it's Intermediate Term period moving average. - 1,099.2272
The close is currently Above  it's Short Term period moving average. - 1,073.9496
   

         INTRADAY PRICE PROJECTIONS
        RESISTANCE 1,096.5150
        SUPPORT 1,090.2450

       WEEKLY PRICE PROJECTIONS
      RESISTANCE 1,131.2300
      SUPPORT 1,010.9100

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,461.1001
Long term Trend Line resistance is currently at - 1,219.8000
Long term Trend Line support is currently at - 1,099.1500


HYPER PARABOLIC CIRCUIT BREAKERS

PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
    
       VOLATILITY
 
On 7/14/2010, E-mini S&P 500 FUTURES closed  
below the upper band by 34.7%.


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

BUY Signals :  
 
Positive Swing Vix with Bullish Momentum. - LONG ENTRY - 1,099.6499
   Profit Target 1,128.1764
   Stop Loss 1,087.1101

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.