Saturday, January 9, 2010

Weekly 3LB Update for week ending 1/8/10

Weekly 3LB update (week ending 1/8/09)
a new high or low will change the reversal price and the midpoint

SPX -new high
trend=up
rev= 1105.98; mid= 1125.48
Chart of SPX:


Dow Jones -new high
trend=up
rev= 10388.90; mid= 10503.55

Nasdaq Comp -new high
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 above the mid)
trend=up
rev= 1095.70; mid= 1134.95
Chart of Gold 100 oz:


10 Year -no change (almost had a reversal...twice)
trend=no; direction=down (2 bars)
rev= 38.62; mid= 35.37

30 Year -no change
trend=no; direction=up (1 bar)
rev= 40.11; mid= 43.49


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

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

AXP -new high
trend=up
rev= 40.35; mid= 41.15

AMZN -no change (bearish thrusting candle last week. confirmed this week)
trend=up
rev= 126.20; mid= 132.34


M -no change (had a weekly reversal but still needs confirmation week. Still not confirmed after 5 weeks)
trend=no; direction=down (1 bar)
rev= 19.82; mid= 17.90


VIX -new low
trend=down
rev= 23.09; mid= 20.61
Chart of VIX:


XLF -no change (almost had a reversal and closed just below needed price)
trend=no; direction=down (1 bar for 10 weeks)
rev= 15.24; mid=14.65

BKX -no change (alomst had a reversal and closed very close to needed price)
trend=no; direction=down (1 bar for 10 weeks)
rev= 47.69, mid= 44.96

WTI Crude Oil -new high
trend=up
rev= 73.89; mid= 78.32
Chart of WTI:


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 -new low
trend=no; direction=down (2 bars)
rev= 99.01; mid= 94.15
Chart of TLT:


Apple Computer -new high
trend=up
rev= 204.45; mid= 208.22

Sugar #11 -new high
trend=up
rev= 24.00; mid= 25.77
Chart of Sugar #11: