9/29/2011 - VXX - IPTH SP 500 VIX SHT FTRS ETN

THE VULCAN REPORT
Review of $0$ VXX -  IPTH SP 500 VIX SHT FTRS ETN (VXX)
as of Wednesday, September 28, 2011


Today's Price Action


Change    3.0900 (6.49%) prices closed higher than they opened.  with strong Bids going into the close.This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears when prices are "low," it may be the first sign of a bottom.  If it occurs when prices are rebounding off of a support area , the long white candle adds credibility to the support.  Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     32.07
Swing Vix:     29.32


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    4 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance 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 23 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, $0$ VXX -  IPTH SP 500 VIX SHT FTRS ETN's price has increased 1.79% , and has ranged from a high of  51.36 to a low of  45.55.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        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.,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -    45.74


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    45.35




INTRADAY PRICE PROJECTIONS
RESISTANCE    53.56 -  GO LONG here    51.02 place stoploss here    45.24


SUPPORT    45.24 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    50.26-  


PulseWave BreakOut SUPPORT -    39.79-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   123.32
Long term Trend Line resistance is currently at -    71.60
Long term Trend Line support is currently at -    45.74




VOLATILITY
On 9/28/2011, $0$ VXX -  IPTH SP 500 VIX SHT FTRS ETN closed   
below the upper band by 5.2%.