7/23/2010 - SILVER SPOT - THE VULCAN REPORT Review of SILVER Spot (XAG USD) as of Thursday, July 22, 2010

THE VULCAN REPORT
Review of SILVER Spot (XAG USD)
as of Thursday, July 22, 2010

Today's Price Action

Change    0.4400 (2.50%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -24.71
Swing Vix:    -23.90

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    3 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-Bought Sell 77 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, SILVER Spot's price has increased 2.85% , and has ranged from a high of 18.1700 to a low of 17.4200.
      
       MOMENTUM
     MARKET TREND - Currently the TREND is .
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  16.4800
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  18.1324
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  17.9205


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  18.0327
        SUPPORT  17.6973

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  18.5100
       SUPPORT  17.4200

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  26.4400
Long term Trend Line resistance is currently at -  19.8000
Long term Trend Line support is currently at -  16.4800
    
       VOLATILITY
On 7/22/2010, SILVER Spot closed  
above the lower band by 48.9%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.

HIGH VOLATILITY ALERT - A Breakout of Upper Volatility Band occurred

     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 : 

3rd PulseWave 
SHORT ENTRY -  17.4000
   Profit Target   6.5200
   Stop Loss/Stop & Reverse  18.2005


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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