Weekly 3LB Update for week ending 1/29/10

Weekly 3LB update (week ending 1/29/09)
a new high or low will change the reversal price and the midpoint


SPX -new low & confirmation week
trend=no; direction=down (2 bars)
rev= 1144.98; mid= 1109.43

monthly info -no change
trend=up; rev= 1020.62; mid=1067.86


Dow Jones -new low & confirmation week
trend=no; direction=down (2 bars)
rev= 10618.19; mid= 10342.76

monthly info -no change
trend=up; rev= 9712.28; mid= 10070.17


Nasdaq Comp -new low WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 2317.17; mid= 2232.36

monthly info -no change
trend=up; rev= 2009.06; mid= 2139.11



DXY -new high
trend=up
rev= 77.82; mid= 78.64

monthly info new high MONTHLY REVERSAL
trend=no; direction=up; rev= 74.88; mid= 77.17



Gold -new low & confirmation week
trend=no; direction=down (2 bars)
rev= 1174.20; mid= 1127.80

monthly info -no change
trend=up; rev= 978.80; mid=1079.95


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 WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 18.22; mid= 17.06

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

AXP -new low & confirmation week
trend=no; direction=down (2 bars)
rev= 42.39; mid= 40.03

AMZN -no change
trend=no; direction=down (1 bar)
rev= 138.47; mid= 129.95

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



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




XLF -no change
trend=no; direction=down (1 bar for 13 weeks)
rev= 15.24; mid=14.65

BKX -no change
trend=no; direction=down (1 bar for 13 weeks)
rev= 47.69, mid= 44.96

WTI Crude Oil -new low WEEKLY REVERSAL
trend=no; direction=down (1 bar)
rev= 82.75; mid= 77.73




Powershares USD Bull (UUP) -new high
trend=up
rev=23.01; mid=23.23


Goldman Sachs -new low
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 -new low & confirmation week
trend=no; direction=down (2 bars)
rev= 211.98; mid= 202.02




Sugar #11 -new high
trend=up
rev= 27.53; mid= 28.72

Daily musings on asian markets

Hang Seng
currently has a weekly 3LB reversal as it's trading below 20375.49





Nikkei
currently has a weekly 3LB reversal as it's trading below 10494.70





Kospi
currently has a weekly 3LB reversal as it's trading below 1661.35





Shanghai Composite
already had a weekly 3LB reversal and is now being confirmed by trading below the low of the reversal (3223.94)




MSCI Emerging Markets
already had a weekly 3LB reversal and is now making a confirmation low (which needs to hold through the end of the week).