Weekly 3LB update (week ending 12/11/09)
* indicates new chart,
a new high or low will change the reversal price and the midpoint

SPX -no change
trend=up;
rev= 1087.68; mid= 1097.05
Chart of SPX:
see chart from 12/11/09

Dow Jones -no change
trend=up
rev= 10270.47; mid= 10338.15

Nasdaq Comp -new high
trend=up;
rev= 2139.28; mid= 2175.49
Chart of Nasdaq Comp:


DXY* -new high (now trending up. let's see how long before stocks react)
trend=up;
rev= 75.28; mid= 76.52
Chart of DXY:


Gold -no change (still trading below mid)
trend=up
rev= 1095.70; mid= 1134.95
Chart of Gold:
see chart from 12/11/09

10 Year -no change (still trading above mid)
trend=no; direction=down (2 bars)
rev= 38.62; mid= 35.37

SLV -no change (still trading below mid)
trend=up
rev= 16.50; mid= 17.36

BAC -no change (trading below mid...again and again)
trend=down
rev= 17.46; mid= 16.02

AXP -no change (still trading above mid but is showing weakness)
trend=up
rev= 34.95; mid= 37.94

AMZN* -no change (dark cloud cover confirmed. tested mid)
trend=up
rev= 118.81; mid= 128.06
Chart of AMZN:


M -new low (WEEKLY REVERSAL still needs confirmation week. Still not confirmed after 2 weeks)
trend=no; direction=down (1 bar)
rev= 19.82; mid= 17.90


VIX* -no change (Had a weekly reversal. Still no confirmation this week)
trend=no; direction=down (1 bar after 2 weeks)
rev= 30.69; mid= 25.97
Chart of VIX:


XLF -no change (still trading below mid)
trend=no; direction=down (1 bar for 8 weeks)
rev= 15.24; mid=14.65

BKX -no change (still trading below mid)
trend=no; direction=down (1 bar for 8 weeks)
rev= 47.69, mid= 44.96

WTI Crude Oil* -no change (still trading below mid even after the scare. Bullish piercing on weekly candle)
trend=up
rev= 68.44; mid= 74.47
Chart of WTI:


Powershares USD Bull* (UUP) (WEEKLY REVERSAL)
trend=no; direciton=up
rev=22.26; mid=22.64
Chart of UUP:


Goldman Sachs* (had a weekly reversal 3 weeks ago. finally confirmed this week. will it trend?)
trend=no; direction=down
rev= 189.30; mid= 176.10
Chart of GS: