7/19/2010 - DIA - THE VULCAN REPORT Review of DOW JONES ETF (DIA) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of DOW JONES ETF (DIA)
as of Friday, July 16, 2010

Today's Price Action

Change   -2.6900 (-2.59%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     32.31
Swing Vix:     30.47

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    7 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security.CRASH ALERT  - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projections
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  7 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, DOW JONES ETF's price has increased 0.72% , and has ranged from a high of 104.1800 to a low of 97.5000.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is .
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  96.7650
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 103.0608
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 101.8429

         INTRADAY PRICE PROJECTIONS
        RESISTANCE 102.5970
        SUPPORT 101.3430

       WEEKLY PRICE PROJECTIONS
       RESISTANCE 104.1800
       SUPPORT  96.1700

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 144.1800
Long term Trend Line resistance is currently at - 112.5700
Long term Trend Line support is currently at -  96.7650

   
       VOLATILITY
On 7/16/2010, DOW JONES ETF closed 
above the lower band by 47.0%.

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

BULL MARKET LONG/SHORT Signals : 
      
Positive Swing Vix with Bullish Momentum. - LONG ENTRY - 103.2240
   Profit Target 108.4900
   Stop Loss 100.7160


BEAR MARKET LONG/SHORT Signals :  
CRASH ALERT  - (Market Top) Possible Selloff is likely do to weak market pulse projections 
Our Price Action Money Flow indicators are pointing Down  possible selloff beyond intraday 
Bearish Momentum Strengthening (Phase I)
SHORT ENTRY - 100.7160
       Profit Target  94.8100
   Stop Loss 103.2240

 

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. 
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