7/23/2010 - DIA - THE VULCAN REPORT Review of DOW JONES ETF (DIA) as of Thursday, July 22, 2010

 THE VULCAN REPORT
Review of DOW JONES ETF (DIA)
as of Thursday, July 22, 2010

Today's Price Action

Change    2.0200 (2.00%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     21.39
Swing Vix:     22.57

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    2 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 11 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, DOW JONES ETF's price has increased 0.90% , and has ranged from a high of 103.7100 to a low of 100.0400.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 102.3350 is needed to re-establish the downward trend. However a close above 105.1350 will establish a new upward trend.
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  96.7650
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 102.9438
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 102.0447

         INTRADAY PRICE PROJECTIONS
        RESISTANCE 103.3747
        SUPPORT 102.5552

       WEEKLY PRICE PROJECTIONS
       RESISTANCE 104.1800
       SUPPORT 100.0400

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 144.1800
Long term Trend Line resistance is currently at - 112.5700
Long term Trend Line support is currently at -  96.7650
   
       VOLATILITY
On 7/22/2010, DOW JONES ETF closed 
below the upper band by 23.7%.


     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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