Weekly 3LB Update for week ending 1/22/10

Weekly 3LB update (week ending 1/22/09)
a new high or low will change the reversal price and the midpoint


SPX -new low WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 1144.98; mid= 1118.37




Dow Jones -new low WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 10618.19; mid= 10395.59




Nasdaq Comp -no change (now trading below mid)
trend=up
rev= 2194.35; mid= 2255.76



DXY -new high
trend=no
rev= 76.57; mid= 77.43





Gold -new low WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 1174.20; mid= 1133.80




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= 43.53


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

BAC -no change (trading below mid so downtrend still in control)
trend=down
rev= 17.46; mid= 16.02

AXP -new low WEEKLY REVERSAL
trend=no
rev= 42.39; mid= 40.49


AMZN -new low WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 138.47; mid= 129.95




M -new low (this was a confirmation week of the trend change)
trend=no; direction=down (2 bars)
rev= 19.82; mid= 17.70



VIX -new high WEEKLY REVERSAL
trend=no; direction=up (1 bar)
rev= 17.91; mid= 22.61




XLF -no change (looks like its going to follow the rest of the market)
trend=no; direction=down (1 bar for 12 weeks)
rev= 15.24; mid=14.65

BKX -no change (same as XLF)
trend=no; direction=down (1 bar for 12 weeks)
rev= 47.69, mid= 44.96

WTI Crude Oil -no change (trading below mid)
trend=up
rev= 73.89; mid= 78.32

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


Goldman Sachs -new low WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 183.18; mid= 168.65




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


Apple Computer -new low WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 211.98; mid= 204.87





Sugar #11 -new high
trend=up
rev= 27.08; mid= 27.93