7/19/2010 - YM Mini Dow FUTURES - THE VULCAN REPORT Review of Mini Dow Jones FUTURES (YM) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of Mini Dow Jones FUTURES (YM)
as of Friday, July 16, 2010

Today's Price Action

Change  -261.4092 (-2.52%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     32.20
Swing Vix:     30.20

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  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, Mini Dow Jones FUTURES's price has increased 0.79% , and has ranged from a high of 10,407.8203 to a low of 9,736.7002.
     
       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 10,194.2754 is needed to re-establish the downward trend. However a close above 10,507.7793 will establish a new upward trend.
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 10,187.2549
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 10,297.1191
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 10,176.5908


         INTRADAY PRICE PROJECTIONS
        RESISTANCE 10,293.9609
        SUPPORT 10,141.8203

       WEEKLY PRICE PROJECTIONS
        RESISTANCE 10,407.8203
       SUPPORT 9,614.3203

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 13,399.5195
Long term Trend Line resistance is currently at - 11,258.0098
Long term Trend Line support is currently at - 10,187.2549
   
       VOLATILITY
On 7/16/2010, Mini Dow Jones FUTURES closed 
above the lower band by 47.2%.


     IN PLAY

BULL MARKET LONG/SHORT Signals : 

Positive Swing Vix with Bullish Momentum. - LONG ENTRY - 10,370.0313
   Profit Target 11,007.7539
   Stop Loss 10,065.7500


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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