THE VULCAN REPORT
Review of US Bonds 20yr+ ETF (TLT)
as of Friday, July 23, 2010
Today's Price Action
Change -1.0700 (-1.06%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 6.70
Swing Vix: 6.98
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 0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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 13 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, US Bonds 20yr+ ETF's price has been unchanged, and has ranged from a high of 100.9700 to a low of 99.6900.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation- The UpTrend is still entact with prices holding above trendline support at- 94.9800.
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.,
There is currently no trend strenght reading at this time.
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 94.9800
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 97.6195
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 100.3428
Today's Sell off pushed prices on the close below the short term trendline resistance
INTRADAY PRICE PROJECTIONS
RESISTANCE 100.6820
SUPPORT 99.9780
WEEKLY PRICE PROJECTIONS
RESISTANCE 102.2800
SUPPORT 98.1800
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 118.0200
Long term Trend Line resistance is currently at - 102.6600
Long term Trend Line support is currently at - 94.9800
MONTHLY PRICE PROJECTIONS
BULL MARKET HYPER PARABOLIC CIRCUIT BREAKERS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 164.1000
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 148.7400
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 133.3800
VOLATILITY
On 7/23/2010, US Bonds 20yr+ ETF closed
above the lower band by 36.3%.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
3rd PulseWave
LONG ENTRY - 102.6600
Profit Target 118.0200
Stop Loss/Stop & Reverse 99.6260
SHORT Signals :
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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