7/15/2010 - NQ NASDAQ 100 Futures - THE VULCAN REPORT Review of E-mini NASDAQ 100 FUTURES (NQ) as of Wednesday, July 14, 2010

THE VULCAN REPORT
Review of E-mini NASDAQ 100 FUTURES (NQ)
as of Wednesday, July 14, 2010

Today's Price Action

Change    8.3800 (0.45%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:      9.80
Swing Vix:      4.99

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 does not currently show any Failure Swings.
The security price has set a new 14-period high while the Swing Vix 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, E-mini NASDAQ 100 FUTURES's price has increased 3.56% , and has ranged from a high of 1,863.5200 to a low of 1,736.9900.

       MOMENTUM

     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution-The DownTrend is still entact with prices holding below trendline resistance at- 1,727.2000.


        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. - 1,727.2000
The close is currently Below  it's Intermediate Term period moving average. - 1,856.2760
The close is currently Above  it's Short Term period moving average. - 1,814.4116

                INTRADAY PRICE PROJECTIONS
               RESISTANCE 1,858.3676
               SUPPORT 1,845.7726

              WEEKLY PRICE PROJECTIONS
              RESISTANCE 1,939.7700
              SUPPORT 1,700.0400

             MONTHLY PRICE PROJECTIONS
             BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,724.1001
             Long term Trend Line resistance is currently at - 2,059.5000
             Long term Trend Line support is currently at - 1,727.2000

HYPER PARABOLIC CIRCUIT BREAKERS
PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
    
       VOLATILITY

On 7/14/2010, E-mini NASDAQ 100 FUTURES closed  
below the upper band by 38.7%.


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

BUY Signals :  

SELL Signals : 

Our Price Action Money Flow indicators are pointing UP  possible rally beyond intraday resistance possible (TREND REVERSAL) - LONG ENTRY - 1,864.6650
      Profit Target 2,724.1001
   Stop Loss 1,839.4751



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.