Friday, July 1, 2011

Weekly 3LB Update 7/1/11

Weekly 3LB update (week ending 7/1/11)
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
WEEKLY REVERSAL new high 5548.42
trend=no
direction=up (1 bar)
high= 5548.42
rev= 5060.59; mid= 5304.51


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 (at mid…no really it is)
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 (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
-no change (above mid)
trend=no
direction=down (1 bar)
low= 20.47
rev= 29.79; mid= 25.13


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




30 Year Yield
WEEKLY REVERSAL new high 44.02
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
WEEKLY REVERSAL new high 31.97
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 low 33.70
trend=down
low= 33.70
rev= 35.30; mid= 34.50


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= 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 CONFIRMATION new high 244.00
trend=no
direction=up (2 bars)
high= 244.00
rev= 223.60; mid= 233.80


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 (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
-no change (below 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
-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)
WEEKLY REVERSAL new high 108.62
trend=no
direction=up (1 bar)
high= 108.62
rev= 95.95; mid= 102.29


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




AA (Alcoa)
WEEKLY REVERSAL new high 16.31
trend=no
direction=up (1 bar)
high= 16.31
rev= 14.72; mid= 15.52


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



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

JPM (JP Morgan Chase)
WEEKLY REVERSAL new high 41.58
trend=no
direction=up (1 bar)
high= 41.58
rev= 39.49; mid= 40.54

BAC (Bank of America)
-no change (above mid)
trend=down
low= 10.52
rev= 11.28; mid= 10.90

WFC (Wells Fargo)
WEEKLY REVERSAL new high 28.67
trend=no
direction=up (1 bar)
high= 28.67
rev= 26.27; mid= 27.47

AXP (American Express)
new high 52.34
trend=up
high= 52.34
rev= 49.08; mid= 50.71

AMZN (Amazon)
new high 209.49
trend=up
high= 209.49
rev= 195.81; mid= 202.65

M (Macy's)
new high 29.88
trend=up
high= 29.88
rev= 28.46; mid= 29.17

BKX (KBW Bank Index)
-no change (above mid)
trend=down
low= 46.32
rev= 49.51; mid= 47.92

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)
WEEKLY REVERSAL new low 93.63
trend=no
direction=down (1 bar)
low= 93.63
rev= 97.14; mid= 95.39

AAPL (Apple Computer)
WEEKLY REVERSAL new high 343.26
trend=no
direction=up (1 bar)
high= 343.26
rev= 320.26; mid= 331.76

V (Visa)
WEEKLY REVERSAL new high 87.97
trend=no
direction=up (1 bar)
high= 87.97
rev= 66.90; mid= 77.44

XRT (SPDR Retail ETF)
WEEKLY REVERSAL new high 54.44
trend=no
direction=up (1 bar)
high= 54.44
rev= 49.48; mid= 51.96

MUB (iShares S&P National AMT-Fre)
WEEKLY REVERSAL new low 102.89
trend=no
direction=down (1 bar)
low= 102.89
rev= 103.88; mid= 103.39

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= 1.1844
rev= 1.2970; mid= 1.2407



EEM (MSCI Emerging Markets)
-no change (above 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 (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 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
WEEKLY REVERSAL new high 2125.74
trend=no
direction=up (1 bar)
high= 2125.74
rev= 2031.93; mid= 2078.84


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




Athens
WEEKLY REVERSAL new high 1308.48
trend=no
direction=up (1 bar)
high= 1308.48
rev= 1232.60; mid= 1270.54


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