7/21/2010 - SPY - THE VULCAN REPORT Review of S&P 500 ETF (SPY) as of Tuesday, July 20, 2010

 THE VULCAN REPORT
Review of S&P 500 ETF (SPY)
as of Tuesday, July 20, 2010






Today's Price Action

Change    1.1900 (1.11%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     30.60
Swing Vix:     31.02

The Market Pulse is positive since it is trading above 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 days
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 does not currently show any Failure Swings.The Swing Vix and price are not diverging.

        *Since the last Swing Vix signal, S&P 500 ETF's price has been unchanged, and has ranged from a high of 108.5600 to a low of 105.8200.
     
       MOMENTUM

     MARKET TREND - Currently the TREND is Slightly Bearish - -The DownTrend is still entact with prices holding below trendline resistance at- 104.5600WARNING Possible Bearish-Retracement - (The TenkanSen has crossed above the KijunSen TODAY!").

        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. - 104.5600
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 109.8098
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 107.7617

    INTRADAY PRICE PROJECTIONS
    RESISTANCE 107.9435
    SUPPORT 106.4365

   WEEKLY PRICE PROJECTIONS
   RESISTANCE 110.0900
   SUPPORT 105.8200

MONTHLY PRICE PROJECTIONS
 
Long term Trend Line resistance is currently at - 104.5600
Long term Trend Line support is currently at -  87.0000
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  51.8800

BEAR MARKET PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
 
DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =  16.7600
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET = -18.3600
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET = -53.4800
   
       VOLATILITY
On 7/20/2010, S&P 500 ETF closed 
below the upper band by 33.6%.


     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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