Weekly 3LB Update 7/22/11

Weekly 3LB update (week ending 7/22/11)
a new high or low will change the reversal price and the midpoint

SPX
-no change (above mid)
trend=no
direction=down (2 bars)
low= 1268.45
rev= 1363.61; mid= 1316.03


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



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


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



Dow Jones Transportation Avg
-no change (above mid)
trend=no
direction=up (2 bars)
high= 5548.66
rev= 5060.59; mid= 5304.63


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



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


monthly info -no change (above 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
new high 1601.50
trend=up
high= 1601.50
rev= 1504.70; mid= 1553.10


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



VIX
-no change (below 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
-no change (below mid)
trend=down
low= 91.16
rev= 114.31; mid= 102.74


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



Sugar #11
WEEKLY CONFIRMATION new high 31.34
trend=no
direction=up (2 bars)
high= 31.34
rev= 18.45; mid= 24.90


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



30 Year Yield
-no change (below mid)
trend=no
direction=up (1 bar)
high= 44.02
rev= 41.74; mid= 42.88


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



10 Year Yield
-no change (below mid)
trend=no
direction=up (1 bar)
high= 31.97
rev= 28.71; mid= 30.34


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



Silver
new high 40.12
trend=up
high= 40.12
rev= 34.65; mid= 37.39


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 (above mid)
trend=up
high= 1.4820
rev= 1.3605; mid= 1.4213



GS (Goldman Sachs)
-no change (below mid)
trend=down
low= 130.16
rev= 141.46; mid= 135.81


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



LUMBER
-no change (above mid)
trend=up
high= 260.50
rev= 238.50; mid= 249.50


monthly info -no change (below mid)
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)
-no change (above mid)
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
new high 1.27490
trend=up
high= 1.27490
rev= 1.24690; mid= 1.26090


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



CRB
-no change (below mid)
trend=down
low= 329.89
rev= 368.70; mid= 349.30


monthly info MONTHLY REVERSAL new low 338.05
trend=up
low= 338.05
rev= 370.56; mid= 354.31



CAT (Caterpillar)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 110.41
rev= 95.95; mid= 103.18


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



AA (Alcoa)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 16.38
rev= 14.72; mid= 15.55


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


BIDU (Baidu)
WEEKLY CONFIRMATION new high 154.00
trend=no
direction=up (2 bars)
high= 154.00
rev= 117.68; mid= 135.84

JPM (JP Morgan Chase)
WEEKLY CONFIRMATION new high 42.19
trend=no
direction=up (2 bars)
high= 42.19
rev= 39.49; mid= 40.84

BAC (Bank of America)
-no change (below mid)
trend=down
low= 10.00
rev= 10.80; mid= 10.40

WFC (Wells Fargo)
WEEKLY CONFIRMATION new high 29.14
trend=no
direction=up (2 bars)
high= 29.14
rev= 26.27; mid= 27.71

AXP (American Express)
-no change (above mid)
trend=up
high= 53.07
rev= 50.20; mid= 51.64

AMZN (Amazon)
-no change (above mid)
trend=up
high= 218.28
rev= 197.60; mid= 207.94

M (Macy's)
new high 30.50
trend=up
high= 30.50
rev= 28.91; mid= 29.71

BKX (KBW Bank Index)
WEEKLY REVERSAL new high 47.82
trend=no
direction=up (1 bar)
low= 47.82
rev= 46.29; mid= 47.06

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=no
direction=down (1 bar)
low= 93.63
rev= 97.14; mid= 95.39

AAPL (Apple Computer)
new high 393.30
trend=up
high= 393.30
rev= 343.26; mid= 368.28

V (Visa)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 89.73
rev= 66.90; mid= 78.32

XRT (SPDR Retail ETF)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 55.91
rev= 49.48; mid= 52.70

MUB (iShares S&P National AMT-Fre)
WEEKLY REVERSAL new high 104.72
trend=no
direction=up (1 bar)
high= 104.72
rev= 102.87; mid= 103.80

IQI (Morgan Stanley Quality Muni)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 12.64
rev= 11.19; mid= 11.92

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

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

EURCHF
-no change (below mid)
trend=down
low= 1.1477
rev= 1.2126; mid= 1.1802



EEM (MSCI Emerging Markets)
-no change (below mid)
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 (above 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 MONTHLY REVERSAL new low 22398.10
trend=no; direction=down (1 bar)
low= 22398.10
rev= 23720.81; mid= 23059.46



SHANGHAI Composite
-no change (above 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=no
direction=up (2 bars)
high= 2139.14
rev= 2031.93; mid= 2085.54


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



Athens
-no change (above mid)
trend=no
direction=down (1 bar)
low= 1176.88
rev= 1308.48; mid= 1242.68


monthly info MONTHLY CONFIRMATION new low 1279.06
trend=no; direction=down (2 bars)
low= 1279.06
rev= 1593.30; mid= 1436.18