7/19/2010 - JJG - THE VULCAN REPORT Review of DJUBS GRAINS ETF (JJG) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of DJUBS GRAINS ETF (JJG)
as of Friday, July 16, 2010

Today's Price Action

Change   -0.2300 (-0.60%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     44.54
Swing Vix:     44.48

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   10 period(s) ago. The Swing Vix is above 39.  This is where it usually tops.  The Swing Vix usually forms tops and bottoms 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 24 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
        Since the last Swing Vix signal, DJUBS GRAINS ETF's price has increased 10.00% , and has ranged from a high of 38.2400 to a low of 33.5800.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation- The UpTrend is still entact with prices holding above trendline support at-  37.5000.
        TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  37.5000
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  34.9433
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  36.4313


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  38.0728
        SUPPORT  37.7372

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  34.9900
       SUPPORT  32.4900

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  53.0100
Long term Trend Line resistance is currently at -  42.6700
Long term Trend Line support is currently at -  37.5000

BULL MARKET HYPER PARABOLIC CIRCUIT BREAKERS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =  84.0300
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =  73.6900
BUBBLE PHASE I - (24-36mo) PRICE TARGET =  63.3500

   
       VOLATILITY
On 7/16/2010, DJUBS GRAINS ETF closed 
below the upper band by 3.2%.

This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.


     IN PLAY

BULL MARKET LONG/SHORT Signals : 
      
WARNING - Inside Day / Bullish Retracement pull back from previous high (Possible Breakdown below) - SHORT ENTRY -  37.5695
   Profit Target  36.0867
   Stop Loss  38.2405


BEAR MARKET LONG/SHORT 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. 
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