7/19/2010 - NQ Emini NASDAQ 100 FUTURES - THE VULCAN REPORT Review of E-mini NASDAQ 100 FUTURES (NQ) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of E-mini NASDAQ 100 FUTURES (NQ)
as of Friday, July 16, 2010

Today's Price Action

Change  -52.7600 (-2.84%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     25.03
Swing Vix:     21.76

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    7 period(s) ago. CRASH ALERT  - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projections 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  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, E-mini NASDAQ 100 FUTURES's price has increased 0.77% , and has ranged from a high of 1,863.5200 to a low of 1,736.9900.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is .
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,727.2000
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,854.5438
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 1,818.6464


         INTRADAY PRICE PROJECTIONS
        RESISTANCE 1,839.8872
        SUPPORT 1,813.3828

       WEEKLY PRICE PROJECTIONS
       RESISTANCE 1,863.5200
       SUPPORT 1,700.0400

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,724.1001
Long term Trend Line resistance is currently at - 2,059.5000
Long term Trend Line support is currently at - 1,727.2000
   
       VOLATILITY
On 7/16/2010, E-mini NASDAQ 100 FUTURES closed 
above the lower band by 43.2%.


     IN PLAY

BULL MARKET LONG/SHORT Signals : 

Positive Swing Vix with Bullish Momentum. - LONG ENTRY - 1,853.1395
   Profit Target 1,963.4865
   Stop Loss 1,800.1305


BEAR MARKET LONG/SHORT Signals :  
 
Possible 1st PulseWave Consolidation Break-Down  
SHORT ENTRY- 1,801.8373
   Profit Target 1,674.3468
   Stop Loss 1,853.1395

CRASH ALERT  - (Market Top) Possible Selloff is likely do to weak market pulse projections 
Bearish Momentum Strengthening (Phase I)SHORT ENTRY - 1,800.1305
       Profit Target 1,674.3468
   Stop Loss 1,853.1395



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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