01/26/2011 - Silver Futures & Spot

THE VULCAN REPORT
Review of $XAG/USD - SILVER Spot (XAG USD)
as of Tuesday, January 25, 2011


Today's Price Action


Change   -0.0600 (-0.22%) prices closed lower than they opened.  with strong Bids going into the close.


A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.


     MARKET SENTIMENT


PulseScan Swing Vix


PulseScan:    -40.53
Swing Vix:    -39.39


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    8 period(s) ago. The Swing Vix is below -39.  This is where it usually bottoms.  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 15 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
    
  *Since the last Swing Vix signal, $XAG/USD - SILVER Spot's price has decreased 6.44%, and has ranged from a high of 29.8100 to a low of 26.5400.


     MOMENTUM


     MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above  28.4175 is needed to re-establish the upward trend. However A close below  26.7550 will establish a new downward trend.


        TREND STRENGTH - ,
There is currently no trend strenght reading at this time.


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -  22.9500
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  22.4011
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  27.6964
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  28.0711


INTRADAY PRICE PROJECTIONS
RESISTANCE  26.9198
SUPPORT  26.6502


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  29.4900
PulseWave BreakOut SUPPORT -  28.0500


VOLATILITY
On 1/25/2011, $XAG/USD - SILVER Spot closed
above the lower band by 4.7%.
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.  

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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