7/21/2010 - QQQQ NASDAQ 100 ETF - THE VULCAN REPORT Review of NASDAQ 100 ETF (QQQQ) as of Tuesday, July 20, 2010

 THE VULCAN REPORT
Review of NASDAQ 100 ETF (QQQQ)
as of Tuesday, July 20, 2010

Today's Price Action

Change    0.5400 (1.21%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     31.60
Swing Vix:     29.99

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    9 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  9 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, NASDAQ 100 ETF's price has increased 2.96% , and has ranged from a high of 45.8100 to a low of 42.7000.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is .
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  42.4750
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  45.5636
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  44.8007


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  44.9450
        SUPPORT  44.1750

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  45.8100
       SUPPORT  43.8600

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  67.0000
Long term Trend Line resistance is currently at -  50.6500
Long term Trend Line support is currently at -  42.4750
   
       VOLATILITY
On 7/20/2010, NASDAQ 100 ETF closed 
below the upper band by 33.8%.


     IN PLAY - (PANDORA'S LITTLE BLACK BOX)

BULL MARKET LONG/SHORT Signals : 

Positive Swing Vix with Bullish Momentum. -
LONG ENTRY -  45.3300
   Profit Target  48.9933
   Stop Loss  43.7900

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.

For Related news and other stories please visit - http://www.wideawakenews.com/ 
For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 
Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ 

BULLS make money... BEARS make money.... PIGS get slaughtered! 

"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!