THE VULCAN REPORT
Review of OIH - Light Sweet Crude Oil FUTURES ETF (OIH)
as of Friday, August 06, 2010
Today's Price Action
Change -1.4700 (-1.34%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 36.87
Swing Vix: 34.24
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-Sold Buy 50 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.The Swing Vix has set a new 14-period high while the security price 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, OIH - Light Sweet Crude Oil FUTURES ETF's price has decreased 0.94%, and has ranged from a high of 110.2800 to a low of 106.5100.
MOMENTUM
MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 99.2200 is needed to re-establish the downward trend. However a close above 112.6450 will establish a new upward trend.
TREND STRENGTH - ,
There is currently no trend strenght reading at this time.
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 112.3150
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 105.7780
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 107.4200
INTRADAY PRICE PROJECTIONS
RESISTANCE 108.6973
SUPPORT 107.4928
WEEKLY PRICE PROJECTIONS
RESISTANCE 110.2800
SUPPORT 103.1700
VOLATILITY
On 8/6/2010, OIH - Light Sweet Crude Oil FUTURES ETF closed
below the upper band by 18.9%.
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 :
CRASH ALERT - (Market Top) Possible Selloff is likely do to weak market pulse projections
SHORT ENTRY- 106.8905
Profit Target 101.6600
Stop Loss 109.2995
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 ETF - Light Sweet Crude Oil FUTURES (OIH)
as of Friday, July 30, 2010
Today's Price Action
Change -0.1700 (-0.16%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 10.25
Swing Vix: 12.91
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 4 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-Sold Buy 45 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 PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
*Since the last Swing Vix signal, ETF - Light Sweet Crude Oil FUTURES's price has decreased 0.67%, and has ranged from a high of 108.8500 to a low of 103.1700.
MOMENTUM
MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 100.6150 is needed to re-establish the downward trend. However a close above 112.6450 will establish a new upward trend.
TREND STRENGTH - ,
There is currently no trend strenght reading at this time.
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 111.3850
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 105.1898
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 104.6494
Today's Sell off pushed prices on the close below the short term trendline resistance
INTRADAY PRICE PROJECTIONS
RESISTANCE 104.9370
SUPPORT 103.6830
WEEKLY PRICE PROJECTIONS
RESISTANCE 108.8500
SUPPORT 102.8000
VOLATILITY
On 7/30/2010, ETF - Light Sweet Crude Oil FUTURES closed
below the upper band by 31.8%.
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 :
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 ETF - Light Sweet Crude Oil FUTURES (OIH)
as of Wednesday, July 28, 2010
Today's Price Action
Change -0.9800 (-0.93%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 21.47
Swing Vix: 23.84
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 2 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-Sold Buy 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, ETF - Light Sweet Crude Oil FUTURES's price has decreased 1.15%, and has ranged from a high of 108.8500 to a low of 103.4500.
MOMENTUM
MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 101.1500 is needed to re-establish the downward trend. However a close above 112.6450 will establish a new upward trend.
TREND STRENGTH - ,
There is currently no trend strenght reading at this time.
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 111.3850
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 105.1875
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 104.3694
INTRADAY PRICE PROJECTIONS
RESISTANCE 105.4405
SUPPORT 104.4395
WEEKLY PRICE PROJECTIONS
RESISTANCE 108.8500
SUPPORT 100.5500
VOLATILITY
On 7/28/2010, ETF - Light Sweet Crude Oil FUTURES closed
below the upper band by 32.7%.
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 :
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 ETF - Light Sweet Crude Oil FUTURES (OIH)
as of Friday, July 23, 2010
Today's Price Action
Change -0.6700 (-0.64%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 34.75
Swing Vix: 33.98
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 0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days 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-Sold Buy 40 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, ETF - Light Sweet Crude Oil FUTURES's price has been unchanged, and has ranged from a high of 105.0800 to a low of 102.8000.
MOMENTUM
MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 99.9850 is needed to re-establish the downward trend. However a close above 112.6450 will establish a new upward trend.
TREND STRENGTH - ,
There is currently no trend strenght reading at this time.
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 111.3850
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 105.1704
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 103.6169
INTRADAY PRICE PROJECTIONS
RESISTANCE 104.5670
SUPPORT 103.3130
WEEKLY PRICE PROJECTIONS
RESISTANCE 104.7500
SUPPORT 100.5500
VOLATILITY
On 7/23/2010, ETF - Light Sweet Crude Oil FUTURES closed
below the upper band by 24.3%.
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 ENTRY- 105.1940
Profit Target 113.3433
Stop Loss 102.6860
SHORT Signals :
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"!!
