Weekly 3LB Update for week ending 1/15/10

Weekly 3LB update (week ending 1/15/09)
a new high or low will change the reversal price and the midpoint

SPX -no change
trend=up
rev= 1105.98; mid= 1125.48
Chart of SPX:











Dow Jones -no change
trend=up
rev= 10388.90; mid= 10503.55

Nasdaq Comp -no change
trend=up
rev= 2194.35; mid= 2255.76
Chart of Nasdaq Comp:











DXY -no change
trend=up;
rev= 75.75; mid= 76.81
Chart of DXY:











Gold -no change (but is back trading below the mid)
trend=up
rev= 1095.70; mid= 1134.95
Chart of Gold:











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

30 Year -no change
trend=no; direction=up (2 bars)
rev= 40.11; mid= 43.49


SLV -no change (now approaching previous weekly high...again)
trend=up
rev= 16.50; mid= 17.36

BAC -no change (trading above mid...barely)
trend=down
rev= 17.46; mid= 16.02

AXP -new high
trend=up
rev= 40.93; mid= 41.66

AMZN -no change (2nd down week after bearish thrusting candle and nearing reversal price)
trend=up
rev= 126.20; mid= 132.34


M -no change (had a weekly reversal but still needs confirmation week. Still not confirmed after 6 weeks)
trend=no; direction=down (1 bar)
rev= 19.82; mid= 17.90


VIX -new low
trend=down
rev= 21.25; mid= 19.58
Chart of VIX:











XLF -no change (almost had a reversal again)
trend=no; direction=down (1 bar for 11 weeks)
rev= 15.24; mid=14.65

BKX -no change (alomst had a reversal again)
trend=no; direction=down (1 bar for 11 weeks)
rev= 47.69, mid= 44.96

WTI Crude Oil -no change
trend=up
rev= 73.89; mid= 78.32

Powershares USD Bull (UUP) -no change
trend=up
rev=22.32; mid=22.70

Goldman Sachs -no change (still below mid)
trend=no; direction=down (2 bars)
rev= 189.30; mid= 176.10

TLT -no change
trend=no; direction=down (2 bars)
rev= 99.01; mid= 94.15

Apple Computer -no change
trend=up
rev= 204.45; mid= 208.22

Sugar #11 -new high (getting very congested with a shooting star followed by a doji).
trend=up
rev= 26.34; mid= 26.98
Chart of Sugar #11: