Weekly 3LB Update 6/24/11

Weekly 3LB update (week ending 6/24/11)
a new high or low will change the reversal price and the midpoint

SPX
WEEKLY CONFIRMATION new low 1268.45
trend=no
direction=down (2 bars)
low= 1268.45
rev= 1363.61; mid= 1316.03


monthly info -no change (below mid)
trend=up
high= 1363.61
rev= 1257.64; mid= 1310.63



Dow Jones
-no change (below mid)
trend=no
direction=up (2 bars)
high= 12810.54
rev= 11858.52; mid= 12334.53


monthly info -no change (below mid)
trend=up
high= 12810.54
rev= 11891.93; mid= 12351.24



Dow Jones Transportation Avg
-no change (below mid)
trend=no
direction=down (2 bars)
low= 5060.59
rev= 5514.87; mid= 5287.73


monthly info -no change (above mid)
trend=up
high= 5514.87
rev= 4855.78; mid= 5185.33



Nasdaq Composite
-no change (below mid)
trend=no
direction=down (1 bar)
low= 2616.48
rev= 2873.54; mid= 2745.01


monthly info -no change (below mid)
trend=up
high= 2873.54
rev= 2643.67; mid= 2763.21



DXY
-no change (above mid)
trend=no
direction=up (1 bar)
high= 75.76
rev= 72.93; mid= 74.35


monthly info -no change (below mid)
trend=down
low= 72.93
rev= 77.27; mid= 75.10



Gold
-no change (below mid)
trend=up
high= 1557.30
rev= 1475.00; mid= 1516.15


monthly info -no change (above mid)
trend=up
high= 1557.30
rev= 1389.70; mid= 1473.50



VIX
-no change (above mid)
trend=up
high= 21.85
rev= 15.32; mid= 18.59


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 14.75
rev= 34.54; mid= 24.65



WTI Crude Oil
new low 91.16
trend=down
low= 91.16
rev= 114.31; mid= 102.74


monthly info -no change (above mid)
trend=up
high= 114.45
rev= 80.85; mid= 97.65



Sugar #11
-no change (above mid)
trend=no
direction=down (1 bar)
low= 20.47
rev= 29.79; mid= 25.13


monthly info -no change (below mid)
trend=up
high= 29.78
rev= 19.29; mid= 24.54



30 Year Yield
new low 41.74
trend=down
low= 41.74
rev= 42.40; mid= 42.07


monthly info -no change (above mid)
trend=up; direction=up (2 bars)
high= 47.15
rev= 26.91; mid= 37.03



10 Year Yield
new low 28.71
trend=down
low= 28.71
rev= 29.97; mid= 29.34


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 38.43
rev= 22.44; mid= 30.44



Silver
new low 34.64
trend=down
low= 34.64
rev= 46.09; mid= 40.37


monthly info -no change (below mid)
trend=up
high= 48.60
rev= 30.96; mid= 39.78



EURUSD
-no change (below mid)
trend=no
direction=down (2 bars)
low= 1.4100
rev= 1.4820; mid= 1.4460


monthly info -no change (below mid)
trend=up
high= 1.4820
rev= 1.3605; mid= 1.4213



GS (Goldman Sachs)
new low 130.91
trend=down
low= 130.91
rev= 150.10; mid= 140.51


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 184.35
rev= 78.99; mid= 131.67



LUMBER
WEEKLY REVERSAL new high 236.00
trend=no
direction=up (1 bar)
high= 236.00
rev= 223.60; mid= 229.80


monthly info MONTHLY CONFIRMATION new low 243.50
trend=no; direction=down (2 barS)
low= 243.50
rev= 357.20; mid= 300.35



BALTIC DRY INDEX
-no change (above mid)
trend=no
direction=up (2 bars)
high= 1585.00
rev= 1043.00; mid= 1314.00


monthly info - no change (below mid)
trend=down
low= 715.00
rev= 9370.00; mid= 5042.50



XLF (SPDR Financial)
new low 14.76
trend=down
low= 14.76
rev= 15.68; mid= 15.22


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 16.85
rev= 13.55; mid= 15.20



AUDJPY
-no change (below mid)
trend=up
high= 0.8864
rev= 0.8241; mid= 0.8553


monthly info -no change (above mid)
trend=up
high= 0.8845
rev= 0.7114; mid= 0.7980



YEN
-no change (above mid)
trend=up
high= 1.25020
rev= 1.23200; mid= 1.24110


monthly info -no change (above mid)
trend=up
high= 1.24330
rev= 1.15910; mid= 1.20120



CRB
new low 329.89
trend=down
low= 329.89
rev= 368.70; mid= 349.30


monthly info -no change (below mid)
trend=up
high= 370.56
rev= 341.42; mid= 355.99



CAT (Caterpillar)
-no change (below mid)
trend=down
low= 96.79
rev= 113.12; mid= 104.96


monthly info -no change (below mid)
trend=up
high= 115.41
rev= 97.01; mid= 106.21



AA (Alcoa)
-no change (below mid)
trend=down
low= 14.72
rev= 16.26; mid= 15.49


monthly info -no change (above mid)
trend=up
high= 17.66
rev= 11.64; mid= 14.65


BIDU (Baidu)
-no change (below mid)
trend=down
low= 117.68
rev= 146.81; mid= 132.25

JPM (JP Morgan Chase)
new low 39.49
trend=down
low= 39.49
rev= 41.57; mid= 40.53

BAC (Bank of America)
new low 10.52
trend=down
low= 10.52
rev= 11.28; mid= 10.90

WFC (Wells Fargo)
-no change (at mid)
trend=down
low= 26.27
rev= 28.25; mid= 27.26

AXP (American Express)
-no change (above mid)
trend=up
high= 51.19
rev= 38.41; mid= 44.80

AMZN (Amazon)
-no change (above mid)
trend=up
high= 202.56
rev= 168.07; mid= 185.32

M (Macy's)
-no change (above mid)
trend=up
high= 28.91
rev= 26.08; mid= 27.50

BKX (KBW Bank Index)
new low 46.32
trend=down
low= 46.32
rev= 49.51; mid= 47.92

Powershares USD Bull (UUP)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 21.69
rev= 20.95; mid= 21.32

TLT (iShares Barclays 20+ Year Treas Bond)
-no change (above mid)
trend=up
high= 97.14
rev= 95.08; mid= 96.11

AAPL (Apple Computer)
-no change (above mid)
trend=down
low= 320.26
rev= 330.67; mid= 325.47

V (Visa)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 66.90
rev= 80.20; mid= 73.55

XRT (SPDR Retail ETF)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 49.48
rev= 54.10; mid= 51.79

MUB (iShares S&P National AMT-Fre)
new high 103.88
trend=up
high= 103.88
rev= 103.29; mid= 103.59

IQI (Morgan Stanley Quality Muni)
WEEKLY REVERSAL new high 12.64
trend=no
direction=up (1 bar)
high= 12.64
rev= 11.19; mid= 11.92

JNK (SPDR Barclays Capital HY)
-no change (below mid)
trend=down
low= 39.38
rev= 40.88; mid= 40.13

COPPER
-no change (below mid)
trend=no
direction=down (2 bars)
low= 3.976
rev= 4.615; mid= 4.296

EURCHF
new low 1.1844
trend=down
low= 1.1844
rev= 1.2970; mid= 1.2407



EEM (MSCI Emerging Markets)
new low 45.50
trend=down
low= 45.50
rev= 50.04; mid= 47.77


monthly info -no change (below mid)
trend=up
high= 50.00
rev= 46.12; mid= 48.05



NIKKEI
-no change (below mid)
trend=down
low= 9206.75
rev= 10605.65; mid= 9906.20


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 8824.06
rev= 11089.94; mid= 9957.00



HANG SENG
-no change (below mid)
trend=no
direction=down (2 bars)
low= 21695.26
rev= 24876.82; mid= 23286.04


monthly info -no change (below rev)
trend=up
high= 23720.81
rev= 23096.32; mid= 23408.57



SHANGHAI Composite
-no change (below mid)
trend=down
low= 2642.82
rev= 2858.46; mid= 2750.64


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 3412.06
rev= 1728.79; mid= 2570.43



KOSPI
-no change (above mid)
trend=down
low= 2031.93
rev= 2111.50; mid= 2071.72


monthly info -no change (now below rev)
trend=up
high= 2192.36
rev= 2051.00; mid= 2121.68



Athens
new low 1232.60
trend=down
low= 1232.60
rev= 1297.36; mid= 1264.98


monthly info MONTHLY REVERSAL new low 1309.46
trend=no; direction=down (1 bar)
low= 1309.46
rev= 1593.30; mid= 1451.38