THE VULCAN REPORT
Review of (AAPL) Apple Inc (AAPL)
as of Monday, August 15, 2016
Today's Price Action
Change prices closed
lower than they opened. 2.0600 (1.95%) with strong Bids going into the close.
CHART
PATTERNS
A black
body occurred (because prices closed lower than they opened).
During
the past 10 bars, there have been 5 white "UP"
candles and 5 black "DOWN"
candles .
During
the past 50 bars, there have been 24 white "UP" candles and 26 black "DOWN"
candles for a net of 2 black
(DOWN) candles.
A rising
window occurred (where the top of
the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a
bullish trend. There have been 3 rising
windows in the last 50 candles--this makes the current rising
window even more bullish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 30.40
Swing Vix: 24.73
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 3 period(s) ago.
The Trend Channel is UP! (i.e. "Positive
Swing Vix") This means that positive
momentum is entering 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 11
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,
(AAPL) Apple Inc's price has increased 9.40% , and has
ranged from a high of 108.9400 to a low of 96.4200.
MARKET TREND - Currently
the TREND is - Neutral within the Bearish KUMO
Consolidation cloud(Possible Trend Reversal) with Upside Bullish
Breakout risk. A close below 104.4100 is needed to re-establish the downward
trend. However a close above 113.2700 will establish a new upward trend.
INTRADAY
PRICE PROJECTIONS
RESISTANCE 108.9400
SUPPORT 102.1070
WEEKLY
PULSE WAVE PRICE PROJECTIONS
PulseWave
BreakOut RESISTANCE - 108.9400
PulseWave BreakOut
SUPPORT - 102.1070
VOLATILITY
On
8/8/2016, (AAPL) Apple Inc closed
below
the upper band by 17.1%.
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.HIGH VOLATILITY ALERT
- A Breakout of Upper Volatility Band occured
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The
U.S. Dollar seems to have found some support around the weekly 94.94
Trendline support area. As of today the intraday chart suggest a short
term bottom with prices rebounding into a pulsewave positive scenario.
Although the market could still pull back further the momentum indicator
suggest more of an upward thrust still ahead. Projected retracement is
around the 96.50 - 97.00 price range.