Weekly 3LB Update for week ending 2/5/10

Weekly 3LB update (week ending 2/5/09)
a new high or low will change the reversal price and the midpoint

SPX -new low & now trending (also trading below monthly 3LB mid)
trend=down
rev= 1126.48; mid= 1096.32



Dow Jones -new low & now trending (also trading below monthly 3LB mid)
trend=down
rev= 10520.10; mid= 10266.17



Nasdaq Comp -new low
trend=no; direction=down (2 bars)
rev= 2317.17; mid= 2229.15




DXY -new high (also closed above 55 & 89 SMA)
trend=up
rev= 77.86; mid= 79.15




Gold -new low & now trending (also trading below monthly 3LB mid)
trend=down
rev= 1146.80; mid= 1099.50



VIX -no change (closed above monthly 3LB reversal price)
trend=no; direction=up (1 bar)
rev= 17.91; mid= 22.61




WTI Crude Oil -new low & confirmation week
trend=no; direction=down (2 bars)
rev= 82.75; mid= 76.97




Sugar #11 -new low & WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 29.90; mid= 28.04





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 -new low & confirmation week
trend=no; direction=down (2 bars)
rev= 18.22; mid= 16.56

BAC -no change (almost had a new low)
trend=down
rev= 17.46; mid= 16.02

AXP -no change
trend=no; direction=down (2 bars)
rev= 42.39; mid= 40.03

AMZN -new low & confirmation week
trend=no; direction=down (2 bars)
rev= 138.47; mid= 127.93


M -no change
trend=no; direction=down (2 bars)
rev= 19.82; mid= 17.70


XLF -new low & confirmation week...finally after 13 weeks
trend=no; direction=down (2 bars)
rev= 15.24; mid=14.59


BKX -no change
trend=no; direction=down (1 bar for 14 weeks)
rev= 47.69, mid= 44.96


Powershares USD Bull (UUP) -new high
trend=up
rev=23.03; mid=23.34

Goldman Sachs -no change
trend=down
rev= 164.16; mid= 156.44

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

Apple Computer -no change
trend=no; direction=down (2 bars)
rev= 211.98; mid= 202.02