7/19/2010 - MOO - THE VULCAN REPORT Review of AGRIBUS ETF (MOO) as of Friday, July 16, 2010

THE VULCAN REPORT
Review of AGRIBUS ETF (MOO)
as of Friday, July 16, 2010

Today's Price Action

Change   -0.6500 (-1.63%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     40.09
Swing Vix:     38.54

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 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-Bought Sell 19 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, AGRIBUS ETF's price has increased 4.24% , and has ranged from a high of 40.1000 to a low of 36.4800.
     
       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  38.0025 is needed to re-establish the downward trend. However a close above  40.6600 will establish a new upward trend.
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -  39.8550
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  39.2947
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  38.7807


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  39.7923
        SUPPORT  39.3577

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  39.3800
       SUPPORT  35.6200


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -  39.8550
Long term Trend Line support is currently at -  31.8100
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  15.7200

   
       VOLATILITY
On 7/16/2010, AGRIBUS ETF closed 
below the upper band by 24.7%.


     IN PLAY

BULL MARKET LONG/SHORT Signals : 
      
Positive Swing Vix with Bullish Momentum. - LONG ENTRY -  40.0095
   Profit Target  41.8600
   Stop Loss  39.1405


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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