7/15/2010 - YM Mini Dow Futures - THE VULCAN REPORT Review of Mini Dow Jones FUTURES (YM) as of Wednesday, July 14, 2010

THE VULCAN REPORT
Review of Mini Dow Jones FUTURES (YM)
as of Wednesday, July 14, 2010

Today's Price Action

Change    3.7002 (0.04%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     22.56
Swing Vix:     16.76

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.

        Since the last Swing Vix signal, Mini Dow Jones FUTURES's price has increased 3.48% , and has ranged from a high of 10,407.8203 to a low of 9,736.7002.

       MOMENTUM

     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 10,251.9941 is needed to re-establish the downward trend. However a close above 10,507.7793 will establish a new upward trend.


        TREND STRENGTH -

The close is currently Above it's Long Term period moving average. - 10,187.2549
The close is currently Above  it's Intermediate Term period moving average. - 10,301.9932
The close is currently Above  it's Short Term period moving average. - 10,157.3604
     

         INTRADAY PRICE PROJECTIONS
        RESISTANCE 10,378.2520
        SUPPORT 10,324.8477

       WEEKLY PRICE PROJECTIONS
      RESISTANCE 10,594.1602
      SUPPORT 9,614.3203

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 13,399.5195
Long term Trend Line resistance is currently at - 11,258.0098
Long term Trend Line support is currently at - 10,187.2549


HYPER PARABOLIC CIRCUIT BREAKERS

PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
    
       VOLATILITY

On 7/14/2010, Mini Dow Jones FUTURES closed  
below the upper band by 27.7%.

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

BUY Signals :  
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.