THE VULCAN REPORT
Review of AGRIBUS ETF (MOO)
as of Friday, July 23, 2010
Today's Price Action
Change \ 0.5200 (1.29%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 41.89
Swing Vix: 41.05
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days The Swing Vix is above 39. This is where it usually tops. The Swing Vix usually forms tops and bottoms before the underlying security.
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 1 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.
*Since the last Swing Vix signal, AGRIBUS ETF's price has been unchanged, and has ranged from a high of 41.1000 to a low of 40.1900.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 39.8550.There is currently no trend reading at this time.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 39.8550
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 39.4371
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 39.7642
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.8952
SUPPORT 40.3947
WEEKLY PRICE PROJECTIONS
RESISTANCE 40.1000
SUPPORT 38.8800
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 63.9900
Long term Trend Line resistance is currently at - 47.9000
Long term Trend Line support is currently at - 39.8550
MONTHLY PRICE PROJECTIONS
BULL MARKET HYPER PARABOLIC CIRCUIT BREAKERS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 112.2600
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 96.1700
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 80.0800
VOLATILITY
On 7/23/2010, AGRIBUS ETF closed
below the upper band by 9.3%.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
Possible IntraDay BreakOut Bullish Momentum Strengthening (Phase I). Bullish Momentum Strengthening (Phase II).
LONG ENTRY- 41.1455
Profit Target 44.3933
Stop Loss 40.1445
SHORT Signals :
SHORT POSITIONS FOR THIS SECURITY ARE 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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