7/23/2010 - QQQQ - THE VULCAN REPORT Review of NASDAQ 100 ETF (QQQQ) as of Thursday, July 22, 2010

 THE VULCAN REPORT
Review of NASDAQ 100 ETF (QQQQ)
as of Thursday, July 22, 2010

Today's Price Action

Change    1.1300 (2.53%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     27.61
Swing Vix:     27.91

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 11 period(s) Ago.

The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
       
*Since the last Swing Vix signal, NASDAQ 100 ETF's price has increased 2.53% , and has ranged from a high of 45.9800 to a low of 44.5600.
     
       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 Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  45.5410
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  44.9531


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  45.8135
        SUPPORT  45.4065

       WEEKLY PRICE PROJECTIONS
      RESISTANCE  45.7600
      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 7/22/2010, NASDAQ 100 ETF closed 
below the upper band by 18.4%.


     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 :

Possible 1st PulseWave Consolidation Break-Down
  SHORT ENTRY-  44.4301
   Profit Target  43.4433
   Stop Loss  46.0170



RALLY ALERT - Our Price Action Money Flow indicators are pointing UP  possible rally beyond intraday resistance possible (TREND REVERSAL) - 
LONG ENTRY -  46.0170
      Profit Target  67.0000
   Stop Loss  45.2030



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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