7/20/2010 - SILVER SPOT (XAG/USD) - THE VULCAN REPORT Review of SILVER Spot (XAG USD) as of Monday, July 19, 2010

 THE VULCAN REPORT
Review of SILVER Spot (XAG USD)
as of Monday, July 19, 2010

Today's Price Action

Change   -0.2900 (-1.62%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -15.27
Swing Vix:    -14.71

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    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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-Bought Sell 74 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix 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, SILVER Spot's price has been unchanged, and has ranged from a high of 17.9000 to a low of 17.4700.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is .
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  16.4800
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  18.1684
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  18.0093


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  17.8032
        SUPPORT  17.5667

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  18.5100
       SUPPORT  17.5300

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  26.4400
Long term Trend Line resistance is currently at -  19.8000
Long term Trend Line support is currently at -  16.4800
   
       VOLATILITY
On 7/19/2010, SILVER Spot closed 
above the lower band by 10.0%.
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 - (PANDORA'S LITTLE BLACK BOX)

BULL MARKET LONG/SHORT Signals :   

THIS SECURITY IS NOT IN PLAY AT THIS TIME!

BEAR MARKET LONG/SHORT Signals :  

WARNING - Possible Lower Volatility Band Breakout 
SHORT ENTRY -  17.4485
      Profit Target  16.3533
   Stop Loss  17.9215

3rd PulseWave SHORT ENTRY -  17.4000
   Profit Target   6.5200
   Stop Loss/Stop & Reverse  17.9215

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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