7/8/2010 - Silver - THE VULCAN REPORT Review of SILVER Spot (XAG USD) as of Wednesday, July 07, 2010

THE VULCAN REPORT
Review of SILVER Spot (XAG USD)
as of Wednesday, July 07, 2010


   Swing Index

PulseScan:    -37.19
Swing Vix:    -35.65

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   11 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support 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 66 period(s) Ago.

The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
The Swing Vix has set a new 14-period low while the security price has not.  This is a bearish divergence.
        Since the last Swing Vix signal, SILVER Spot's price has decreased 4.10%, and has ranged from a high of 19.2200 to a low of 17.5300.


       Momentum

     MARKET TREND - Currently the TREND is - Downward Pressure.
        TREND STRENGTH - Bearish Consolidation (Market is not trending at this time)

The close is currently Above it's Long Term period moving average. -  16.1100
BULL MARKET UPTREND PRICE TARGET =  27.1800
Long term Trend Line resistance is currently at -  19.8000
Long term Trend Line support is currently at -  12.4200

The close is currently Below  it's Intermediate Term period moving average. -  18.2140
The close is currently Below  it's Short Term period moving average. -  18.1412

   

       Volatility

On 7/7/2010, SILVER Spot closed  
above the lower band by 26.3%.



     Pandora's Little Black Box of - (Buy & Sell Signals)

BUY Signals :  

SELL Signals : 

3rd PulseWave SHORT ENTRY -  17.4000
   Profit Target  16.3067
   Stop Loss/Stop & Reverse  17.8377

INTRADAY PRICE PROJECTIONS
        RESISTANCE  17.9330
        SUPPORT  17.6470



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.