7/21/2010 - GLD - THE VULCAN REPORT Review of COMEX Gold FUTURES ETF (GLD) as of Tuesday, July 20, 2010

THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Tuesday, July 20, 2010

Today's Price Action

Change    0.9200 (0.79%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -30.24
Swing Vix:    -29.42

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    2 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support 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 45 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, COMEX Gold FUTURES ETF's price has decreased 0.02%, and has ranged from a high of 116.7900 to a low of 115.1100.
     
       MOMENTUM

     MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above 119.1150 is needed to re-establish the upward trend. However A close below 115.6500 will establish a new downward trend.
        
TREND STRENGTH -

TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 117.5888
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 117.4717

 INTRADAY PRICE PROJECTIONS
 RESISTANCE 116.4565
 SUPPORT 115.7635

 WEEKLY PRICE PROJECTIONS
  RESISTANCE 119.1300
  SUPPORT 116.1000

MONTHLY PRICE PROJECTIONS
 
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 158.3000
Long term Trend Line resistance is currently at - 123.5600
Long term Trend Line support is currently at - 106.1900
   
       VOLATILITY
On 7/20/2010, COMEX Gold FUTURES ETF closed 
above the lower band by 23.5%.
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 :

THIS SECURITY IS NOT IN PLAY AT THIS TIME!

Risk Disclosure

General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.



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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