Review of QQQQ - NASDAQ 100 ETF (QQQQ)
as of Tuesday, August 10, 2010
Today's Price Action
Change -0.4100 (-0.87%) prices closed lower than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 42.43
Swing Vix: 42.76
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 days
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 8 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, QQQQ - NASDAQ 100 ETF's price has been unchanged, and has ranged from a high of 46.9500 to a low of 46.2800.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 44.5550.
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. - 44.5550
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 45.8736
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 46.5260
INTRADAY PRICE PROJECTIONS
RESISTANCE 46.7992
SUPPORT 46.4307
WEEKLY PRICE PROJECTIONS
RESISTANCE 47.1900
SUPPORT 45.0700
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 62.8400
Long term Trend Line resistance is currently at - 50.6500
Long term Trend Line support is currently at - 44.5550
BULL MARKET HYPER PARABOLIC CIRCUIT BREAKERS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 99.4100
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 87.2200
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 75.0300
VOLATILITY
On 8/10/2010, QQQQ - NASDAQ 100 ETF closed
below the upper band by 28.1%.
This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
SHORT Signals :
WARNING - Inside Day / Bullish Retracement pull back from previous high (Possible Breakdown below)
CRASH ALERT - Our Price Action Money Flow indicators are pointing Down possible selloff beyond intraday support possible (TREND REVERSAL)
SHORT ENTRY- 46.2465
Profit Target 44.6233
Stop Loss 46.9835
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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