7/19/2010 - UUP - THE VULCAN REPORT Review of US Dollar Index ECN (UUP) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of US Dollar Index ECN (UUP)
as of Friday, July 16, 2010

Today's Price Action

Change    0.0400 (0.17%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -42.66
Swing Vix:    -42.43

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    3 period(s) ago. The Swing Vix is below -39.  This is where it usually bottoms.  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 12 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, US Dollar Index ECN's price has decreased 1.19%, and has ranged from a high of 24.4100 to a low of 23.9200.
     
       MOMENTUM
 
     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at-  23.9250.
        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -  23.9250
Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution.
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  24.6336
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  24.3317


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  24.0053
        SUPPORT  23.9447

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  24.5500
       SUPPORT  24.3600


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -  23.9250
Long term Trend Line support is currently at -  22.0200
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  18.2100


BEAR MARKET PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =  14.4000
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =  10.5900
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =   6.7800
   
       VOLATILITY
On 7/16/2010, US Dollar Index ECN closed 
above the lower band by 5.1%.
This combined with the steep downtrend suggests that the downward 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 : 
     
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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