Weekly 3LB Update for week ending 6/3/11

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


SPX
-no change (below mid)
trend=no
direction=up (1 bar)
high= 1363.61
rev= 1279.20; mid= 1321.41


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
WEEKLY REVERSAL new low 5220.25
trend=no
direction=down (1 bar)
low= 5220.25
rev= 5514.87; mid= 5367.56


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=up (1 bar)
high= 2873.54
rev= 2643.67; mid= 2758.61


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



DXY
-no change (below 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 (above 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=no
direction=up (1 bar)
high= 18.40
rev= 14.69; mid= 16.55


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



WTI Crude Oil
-no change (below mid)
trend=no
direction=down (1 bar)
low= 97.70
rev= 114.45; mid= 106.08


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



Sugar #11
-no change (below 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 42.31
trend=down
low= 42.31
rev= 44.06; mid= 43.19


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 29.97
trend=down
low= 29.97
rev= 31.57; mid= 30.77


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



Silver
-no change (below mid)
trend=no
direction=down (2 bars)
low= 35.01
rev= 48.60; mid= 41.81


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



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


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



GS (Goldman Sachs)
-no change (below mid)
trend=down
low= 134.99
rev= 151.01; mid= 143.00


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



LUMBER
new low 227.00
trend=down
low= 227.00
rev= 247.60; mid= 237.30


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 15.22
trend=down
low= 15.22
rev= 15.77; mid= 15.50


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



AUDJPY
-no change (above 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
WEEKLY CONFIRMATION new high 1.24690
trend=no
direction=up (2 bars)
high= 1.24690
rev= 1.17910; mid= 1.21300


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



CRB
-no change (below mid)
trend=no
direction=down (1 bar)
low= 337.35
rev= 370.56; mid= 353.96


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



CAT (Caterpillar)
WEEKLY CONFIRMATION new low 101.10
trend=no
direction=down (2 bars)
low= 101.10
rev= 115.41; mid= 108.26


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


BIDU (Baidu)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 131.28
rev= 148.65; mid= 139.97

JPM (JP Morgan Chase)
new low 41.57
trend=down
low= 41.57
rev= 43.15; mid= 42.36

BAC (Bank of America)
new low 11.28
trend=down
low= 11.28
rev= 12.28; mid= 11.78

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 47.69
trend=down
low= 47.69
rev= 51.13; mid= 49.41

Powershares USD Bull (UUP)
-no change (below 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= 96.47
rev= 95.07; mid= 95.77

AAPL (Apple Computer)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 327.46
rev= 360.00; mid= 343.73

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

XRT (SPDR Retail ETF)
WEEKLY REVERSAL new low 51.23
trend=no
direction=down (1 bar)
low= 51.23
rev= 54.10; mid= 52.67

MUB (iShares S&P National AMT-Fre)
new high 103.80
trend=up
high= 103.80
rev= 102.24; mid= 103.02

IQI (Morgan Stanley Quality Muni)
-no change (above mid/at rev)
trend=down
low= 11.19
rev= 12.32; mid= 11.76

JNK (SPDR Barclays Capital HY)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 39.70
rev= 41.12; mid= 40.41

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



MSCI Emerging Markets
-no change (below mid)
trend=up
high= 1212.20
rev= 1122.20; mid= 1167.20


monthly info -no change (below mid)
trend=up
high= 1208.90
rev= 1104.00; mid= 1156.45



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 (1 bar)
low= 22300.23
rev= 24876.82; mid= 23588.53


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= 2709.95
rev= 2911.51; mid= 2810.73


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



KOSPI
-no change (below mid)
trend=down
low= 2100.24
rev= 2140.50; mid= 2120.37


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



Athens
-no change (above mid)
trend=down
low= 1264.92
rev= 1370.10; mid= 1317.51


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