THE VULCAN REPORT
Review of GLD - COMEX Gold FUTURES ETF (GLD)
as of Thursday, August 19, 2010
Today's Price Action
Change prices closed lower than they opened. with weak Bids going into the close. 0.1700 (0.14%)
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 45.69
Swing Vix: 45.80
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 67 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not. This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
*Since the last Swing Vix signal, GLD - COMEX Gold FUTURES ETF's price has been unchanged, and has ranged from a high of 120.9900 to a low of 120.1100.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 107.1850.
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 PulseWave Cycle TRENDLINE RETRACEMENT. - 107.1850
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 109.3997
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 117.4636
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 118.8453
INTRADAY PRICE PROJECTIONS
RESISTANCE 120.7920
SUPPORT 120.3080
WEEKLY PRICE PROJECTIONS
RESISTANCE 118.4200
SUPPORT 116.4000
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 156.3100
Long term Trend Line resistance is currently at - 123.5600
Long term Trend Line support is currently at - 107.1850
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 254.5600
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 221.8100
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 189.0600
VOLATILITY
On 8/19/2010, GLD - COMEX Gold FUTURES ETF closed
below the upper band by 9.5%.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
3rd PulseWave
LONG ENTRY - 123.5600
Profit Target 156.3100
Stop Loss/Stop & Reverse 120.0660
SHORT Signals :
SHORT POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit -http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of GLD - COMEX Gold FUTURES ETF (GLD)
as of Tuesday, August 17, 2010
Today's Price Action
Change with weak Bids going into the close. 0.0200 (0.02%)
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 44.60
Swing Vix: 43.45
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 12 period(s) ago. The Swing Vix is above 39. This is where it usually tops. 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 65 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, GLD - COMEX Gold FUTURES ETF's price has increased 3.69% , and has ranged from a high of 119.9700 to a low of 114.0800.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 107.1850.
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 PulseWave Cycle TRENDLINE RETRACEMENT. - 107.1850
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 109.3179
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 117.2778
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 118.1801
INTRADAY PRICE PROJECTIONS
RESISTANCE 119.8868
SUPPORT 119.6833
WEEKLY PRICE PROJECTIONS
RESISTANCE 118.4200
SUPPORT 116.4000
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 156.3100
Long term Trend Line resistance is currently at - 123.5600
Long term Trend Line support is currently at - 107.1850
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 254.5600
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 221.8100
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 189.0600
VOLATILITY
On 8/17/2010, GLD - COMEX Gold FUTURES ETF closed
below the upper band by 6.1%.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
3rd PulseWave
LONG ENTRY - 123.5600
Profit Target 156.3100
Stop Loss/Stop & Reverse 119.5815
SHORT Signals :
SHORT POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit -http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of GLD - COMEX Gold FUTURES ETF (GLD)
as of Friday, August 06, 2010
Today's Price Action
Change prices closed lower than they opened. with weak Bids going into the close. 0.8600 (0.74%)
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 17.53
Swing Vix: 12.05
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 5 period(s) ago. The 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 58 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, GLD - COMEX Gold FUTURES ETF's price has increased 2.03% , and has ranged from a high of 118.4200 to a low of 114.0800.
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 120.2700 is needed to re-establish the upward trend. However A close below 117.1600 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 Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 116.9563
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 116.3222
INTRADAY PRICE PROJECTIONS
RESISTANCE 118.2108
SUPPORT 117.6992
WEEKLY PRICE PROJECTIONS
RESISTANCE 117.5000
SUPPORT 113.0800
VOLATILITY
On 8/6/2010, GLD - COMEX Gold FUTURES ETF closed
below the upper band by 21.6%.
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.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
SHORT Signals :
SHORT POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit -http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Monday, August 02, 2010
Today's Price Action
Change prices closed lower than they opened. with weak Bids going into the close. 0.0500 (0.04%)
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -26.49
Swing Vix: -28.67
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 1 period(s) ago. The 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 54 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, COMEX Gold FUTURES ETF's price has increased 0.04% , and has ranged from a high of 116.3900 to a low of 114.0800.
MOMENTUM
MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.
TREND STRENGTH - ,
There is currently no trend strenght reading at this time.
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 116.9637
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 115.4560
Today's Rally pushed prices on the close above the short term trendline support
INTRADAY PRICE PROJECTIONS
RESISTANCE 116.1222
SUPPORT 115.4678
WEEKLY PRICE PROJECTIONS
RESISTANCE 117.5000
SUPPORT 113.0800
VOLATILITY
On 8/2/2010, COMEX Gold FUTURES ETF closed
above the lower band by 35.0%.
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.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
SHORT Signals :
SHORT POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit -http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Wednesday, July 28, 2010
Today's Price Action
Change 0.2700 (0.24%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -32.77
Swing Vix: -32.31
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 1 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 51 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, COMEX Gold FUTURES ETF's price has increased 0.24% , and has ranged from a high of 114.9900 to a low of 113.0800.
MOMENTUM
MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.
TREND STRENGTH - ,
There is currently no trend strenght reading at this time.
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 117.1575
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 115.6780
INTRADAY PRICE PROJECTIONS
RESISTANCE 113.7388
SUPPORT 113.2713
WEEKLY PRICE PROJECTIONS
RESISTANCE 117.5000
SUPPORT 115.1100
VOLATILITY
On 7/28/2010, COMEX Gold FUTURES ETF closed
above the lower band by 3.9%.
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.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
SHORT Signals :
SHORT POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit -http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Tuesday, July 27, 2010
Today's Price Action
Change -2.0100 (-1.74%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -32.51
Swing Vix: -31.38
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 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 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 50 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix has not. This is a bullish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if an upside breakout occurs.
*Since the last Swing Vix signal, COMEX Gold FUTURES ETF's price has been unchanged, and has ranged from a high of 114.9900 to a low of 113.2100.
MOMENTUM
MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.
TREND STRENGTH - ,
There is currently no trend strenght reading at this time.
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 117.2720
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 116.0998
INTRADAY PRICE PROJECTIONS
RESISTANCE 114.5895
SUPPORT 113.6105
WEEKLY PRICE PROJECTIONS
RESISTANCE 117.5000
SUPPORT 115.1100
VOLATILITY
On 7/27/2010, COMEX Gold FUTURES ETF closed below the lower band by 3.2%.
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.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!
SHORT Signals :
Possible 2nd PulseWave Break-Down Continuation Bearish Momentum Strengthening (Phase I)
SHORT ENTRY- 113.1210
Profit Target 108.5633
Stop Loss 115.0790
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Friday, July 23, 2010
Today's Price Action
Change -0.7700 (-0.66%)prices closed lower than they opened.
Weak Bids into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -29.84
Swing Vix: -30.79
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher 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 48 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, COMEX Gold FUTURES ETF's price has been unchanged, and has ranged from a high of 117.4700 to a low of 115.7900.
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 119.5075 is needed to re-establish the upward trend. However A close below 116.4950 will establish a new downward trend.
TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 117.4632
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 116.9321
INTRADAY PRICE PROJECTIONS
RESISTANCE 117.0920
SUPPORT 116.1680
WEEKLY PRICE PROJECTIONS
RESISTANCE 117.5000
SUPPORT 115.1100
VOLATILITY
On 7/23/2010, COMEX Gold FUTURES ETF closed
above the lower band by 24.6%.
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.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
LONG Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
SHORT Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Tuesday, July 20, 2010
Today's Price Action
Change 0.9200 (0.79%)
Strong Bids into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -30.24
Swing Vix: -29.42
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 2 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 45 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, COMEX Gold FUTURES ETF's price has decreased 0.02%, and has ranged from a high of 116.7900 to a low of 115.1100.
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 119.1150 is needed to re-establish the upward trend. However A close below 115.6500 will establish a new downward trend.
TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 117.5888
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 117.4717
INTRADAY PRICE PROJECTIONS
RESISTANCE 116.4565
SUPPORT 115.7635
WEEKLY PRICE PROJECTIONS
RESISTANCE 119.1300
SUPPORT 116.1000
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 158.3000
Long term Trend Line resistance is currently at - 123.5600
Long term Trend Line support is currently at - 106.1900
VOLATILITY
On 7/20/2010, COMEX Gold FUTURES ETF closed
above the lower band by 23.5%.
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.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
BULL MARKET LONG/SHORT Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
BEAR MARKET LONG/SHORT Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
Risk Disclosure
THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Monday, July 19, 2010
Today's Price Action
Change -0.9400 (-0.81%)
Strong Bids into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -28.55
Swing Vix: -27.77
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 1 period(s) ago. The 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 44 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix has not. This is a bullish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if an upside breakout occurs.
*Since the last Swing Vix signal, COMEX Gold FUTURES ETF's price has decreased 0.81%, and has ranged from a high of 116.7900 to a low of 115.1100.
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 119.1150 is needed to re-establish the upward trend. However A close below 115.1600 will establish a new downward trend.
TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 117.6207
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 117.6543
INTRADAY PRICE PROJECTIONS
RESISTANCE 115.6448
SUPPORT 115.2653
WEEKLY PRICE PROJECTIONS
RESISTANCE 119.1300
SUPPORT 116.1000
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 158.3000
Long term Trend Line resistance is currently at - 123.5600
Long term Trend Line support is currently at - 106.1900
VOLATILITY
On 7/19/2010, COMEX Gold FUTURES ETF closed
above the lower band by 9.5%.
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.
IN PLAY - (PANDORA'S LITTLE BLACK BOX)
BULL MARKET LONG/SHORT Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
BEAR MARKET LONG/SHORT Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (GLD)
as of Friday, July 16, 2010
Today's Price Action
Change -1.5600 (-1.32%)
Strong Bids into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -27.17
Swing Vix: -26.20
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 0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 days The 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 43 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, COMEX Gold FUTURES ETF's price has been unchanged, and has ranged from a high of 116.7900 to a low of 115.9500.
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 118.8150 is needed to re-establish the upward trend. However A close below 114.6350 will establish a new downward trend.
TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 106.1900
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 117.6848
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 118.0819
INTRADAY PRICE PROJECTIONS
RESISTANCE 116.6010
SUPPORT 116.1390
WEEKLY PRICE PROJECTIONS
RESISTANCE 119.1300
SUPPORT 116.1000
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 158.3000
Long term Trend Line resistance is currently at - 123.5600
Long term Trend Line support is currently at - 106.1900
VOLATILITY
On 7/16/2010, COMEX Gold FUTURES ETF closed
above the lower band by 16.8%.
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.
IN PLAY
BULL MARKET LONG/SHORT Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
BEAR MARKET LONG/SHORT Signals :
THIS SECURITY IS NOT IN PLAY AT THIS TIME!
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.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos please visit - http://www.youtube.com/user/pulsescan72
