7/19/2010 - GS - THE VULCAN REPORT Review of Goldman Sachs (GS) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of Goldman Sachs (GS)
as of Friday, July 16, 2010

Today's Price Action

Change    0.9500 (0.65%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     31.63
Swing Vix:     30.68

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.
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 54 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, Goldman Sachs's price has increased 7.61% , and has ranged from a high of 152.0000 to a low of 132.0700.
     
       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 140.0550 is needed to re-establish the downward trend. However a close above 158.8550 will establish a new upward trend.
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 161.5500
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 143.1087
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 139.7537


         INTRADAY PRICE PROJECTIONS
        RESISTANCE 150.6612
        SUPPORT 147.3887

       WEEKLY PRICE PROJECTIONS
       RESISTANCE 140.9000
       SUPPORT 129.5000

MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 161.5500
Long term Trend Line support is currently at - 129.5000
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  65.4000

   
       VOLATILITY
On 7/16/2010, Goldman Sachs closed   above the upper band by 8.6%.
HIGH VOLATILITY ALERT - A Breakout of Upper Volatility Band occurred

     IN PLAY

BULL MARKET LONG/SHORT Signals : 
      
THIS SECURITY IS NOT IN PLAY AT THIS TIME!

BEAR MARKET LONG/SHORT Signals :  

THIS SECURITY IS NOT IN PLAY AT THIS TIME!

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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