THE VULCAN REPORT
Review of Mini Dow Jones FUTURES (YM)
as of Wednesday, July 21, 2010
Today's Price Action
Change -109.4297 (-1.07%)
Weak Bids into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 22.86
Swing Vix: 25.21
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 1 period(s) ago. The 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-Sold Buy 10 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, Mini Dow Jones FUTURES's price has decreased 1.07%, and has ranged from a high of 10,265.5400 to a low of 10,007.7598.
MOMENTUM
MARKET TREND - Currently the TREND is .
TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 10,203.3047
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 10,284.8223
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 10,171.6406
Today's Rally pushed prices on the close above the short term trendline support
INTRADAY PRICE PROJECTIONS
RESISTANCE 10,220.5303
SUPPORT 10,110.5088
WEEKLY PRICE PROJECTIONS
RESISTANCE 10,407.8203
SUPPORT 9,614.3203
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 13,367.4199
Long term Trend Line resistance is currently at - 11,258.0098
Long term Trend Line support is currently at - 10,203.3047
VOLATILITY
On 7/21/2010, Mini Dow Jones FUTURES closed
below the upper band by 46.4%.
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 - Inside Day / Bearish Retracement rally off previous low (Possible Breakout above) - LONG ENTRY- 10,275.5420
Profit Target 10,750.6436
Stop Loss 10,147.1826
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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