Weekly 3LB Update for week ending 1/21/11

Weekly 3LB update (week ending 1/21/11)
a new high or low will change the reversal price and the midpoint


SPX
-no change (above mid)
trend=up
high= 1293.24
rev= 1256.77; mid= 1275.01


monthly info MONTHLY REVERSAL new high 1257.64
trend=no; direction=up (1 bar)
low= 1257.64
rev= 1030.71; mid= 1144.18



Dow Jones
new high 11871.84
trend=up
high= 11871.84
rev= 11577.51; mid= 11724.68


monthly info new high 11577.51
trend=no; direction=up (2 bars)
high= 11577.51
rev= 9774.02; mid= 10675.77



Dow Jones Transportation Avg
WEEKLY REVERSAL new low 5045.62
trend=no
direction=down (1 bar)
low= 5045.62
rev= 5228.30; mid= 5136.96


monthly info new high 5106.75
trend=up
high= 5106.75
rev= 4374.62; mid= 4740.69



Nasdaq Composite
-no change (below mid)
trend=up
high= 2755.30
rev= 2642.97; mid= 2699.14


monthly info new high 2652.87
trend=no; direction=up (2 bars)
high= 2652.87
rev= 2109.24; mid= 2381.06



DXY
new low 78.21
trend=no
direction=down (2 bars)
low= 78.21
rev= 81.01; mid= 79.61


monthly info -no change
trend=no; direction=down (2 bars)
low= 77.27
rev= 86.59; mid= 81.93



Gold
new low 1341.00
trend=down
low= 1341.00
rev= 1406.20; mid= 1373.60


monthly info new high 1421.40
trend=up
high= 1421.40
rev= 1311.50; mid= 1366.45



VIX
-no change (below mid)
trend=no
direction=down (2 bars)
low= 15.46
rev= 40.95; mid= 28.21


monthly info -no change (below mid)
trend=no; direction=up (2 bars)
high= 34.54
rev= 17.59; mid= 26.07



WTI Crude Oil
-no change (above mid)
trend=down
low= 75.16
rev= 93.23; mid= 84.20


monthly info -no change (above mid)
trend=down
low= 57.40
rev= 93.92; mid= 75.66



Sugar #11
-no change (above mid)
trend=no
direction=up (2 bars)
high= 33.98
rev= 26.15; mid= 30.07


monthly info new high 32.12
trend=no; direction=up (2 bars)
high= 32.12
rev= 10.40; mid= 21.26



30 Year Yield
new high 45.74
trend=up
high= 45.74
rev= 44.75; mid= 45.25


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 high 34.16
trend=up
high= 34.16
rev= 32.96; mid= 33.56


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



Silver (SLV)
-no change (below mid) - tested reversal
trend=up
high= 30.18
rev= 26.74; mid= 28.46


monthly info new high 30.18
trend=up
high= 30.18
rev= 21.31; mid= 25.75



EURUSD
WEEKLY REVERSAL new high 1.3591
trend=no
direction=up (1 bar)
high= 1.3591
rev= 1.2929; mid= 1.3260


monthly info -no change (below mid)
trend=no; direction=up (2 bars)
high= 1.3888
rev= 1.2245; mid= 1.3067



GS (Goldman Sachs)
-no change (below mid)
trend=up
high= 175.00
rev= 157.76; mid= 166.38


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= 322.90
rev= 271.60; mid= 297.25


monthly info MONTHLY REVERSAL new high 302.00
trend=no; direction=up (1 bar)
high= 302.00
rev= 208.90; mid= 255.45



BALTIC DRY INDEX
new low 1370.00
trend=down
low= 1370.00
rev= 1773.00; mid= 1571.50


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



XLF (SPDR Financial)
-no change (above mid) - bearish harami
trend=up
high= 16.70
rev= 15.87; mid= 16.29


monthly info -no change (at rev)
trend=down
low= 13.55
rev= 15.95; mid= 14.75



AUDJPY
-no change (above mid)
trend=no
direction=down (1 bar)
low= 0.7231
rev= 0.8478; mid= 0.7855


monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 0.7314
rev= 0.8468; mid= 0.7891



YEN
-no change (below mid)
trend=no
direction=up (1 bar)
high= 1.23200
rev= 1.19030; mid= 1.21112


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



CRB
new high 333.99
trend=up
high= 333.99
rev= 329.38; mid= 331.69


monthly info new high 332.80
trend=up
high= 332.80
rev= 286.86; mid= 309.83



CAT (Caterpillar)
-no change (above mid)
trend=up
high= 94.45
rev= 89.38; mid= 91.92


monthly info new high 93.66
trend=up
high= 93.66
rev= 69.75; mid= 81.71


BIDU (Baidu)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 96.53
rev= 110.64; mid= 103.59

JPM (JP Morgan Chase)
new high 45.29
trend=up
high= 45.29
rev= 42.42; mid= 43.86

BAC (Bank of America)
-no change (above mid) - bearish harami
trend=up
high= 15.25
rev= 13.06; mid= 14.16

AXP (American Express)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 37.99
rev= 48.05; mid= 43.02

AMZN (Amazon)
WEEKLY REVERSAL new low 177.42
trend=no
direction=down (1 bar)
low= 177.42
rev= 188.75; mid= 183.09

M (Macy's)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 23.08
rev= 26.00; mid= 24.54

BKX (KBW Bank Index)
-no change (above mid)
trend=up
high= 54.70
rev= 51.77; mid= 53.24

Powershares USD Bull (UUP)
-no change (below mid)
trend=up
high= 23.36
rev= 22.34; mid= 22.85

TLT (iShares Barclays 20+ Year Treas Bond)
new low 91.52
trend=down
low= 91.52
rev= 92.93; mid= 92.23

AAPL (Apple Computer)
-no change (below mid)
trend=up
high= 348.48
rev= 320.61; mid= 334.55

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)
new low 46.65
trend=no
direction=down (2 bars)
low= 46.65
rev= 48.45; mid= 47.55

MUB (iShares S&P National AMT-Fre)
-no change (below mid) - bullish piercing
trend=down
low= 96.26
rev= 101.61; mid= 98.94

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



MSCI Emerging Markets
-no change (above mid) - confirmed hanging man
trend=no
direction=down (1 bar)
low= 1078.90
rev= 1168.50; mid= 1123.70


monthly info new high 1155.90
trend=up
high= 1155.90
rev= 903.00; mid= 1029.45



NIKKEI
-no change (below mid) - bearish engulfing
trend=up
high= 10541.04
rev= 10211.95; mid= 10376.50


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



HANG SENG
-no change (above mid) - dark cloud cover
trend=up
high= 24876.82
rev= 22358.17; mid= 23617.50


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 23096.32
rev= 19766.71; mid= 21431.52



SHANGHAI Composite
new low 2715.29
trend=down
low= 2715.29
rev= 2842.43; mid= 2778.86


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=up
high= 2108.17
rev= 2037.53; mid= 2072.85


monthly info new high 2051.00
trend=up
high= 2051.00
rev= 1872.81; mid= 1961.91



Athens
WEEKLY REVERSAL new high 1536.58
trend=no
direction=up (1 bar)
high= 1536.58
rev= 1390.84; mid= 1463.71


monthly info new low 1413.94
trend=down
low= 1413.94
rev= 1570.22; mid= 1492.08