Saturday, May 19, 2012

Weekly 3LB Update 5/18/12

Weekly 3LB update (week ending 5/18/12)
a new high or low will change the reversal price and the midpoint


SPX
new low 1295.22
trend=down
low= 1295.22
rev= 1404.17; mid= 1349.70


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 1408.47; rev= 1131.42; mid= 1269.95

Dow Jones
new low 12369.38
trend=down
low= 12369.38
rev= 12982.95; mid= 12676.17


monthly info -no change above mid
trend=no; direction=up (2 bars)
high= 13212.04; rev= 10913.38; mid= 12062.71

Dow Jones Transportation Avg
WEEKLY CONFIRMATION new low 4873.76
trend=no
direction=down (2 bars)
low= 4873.76
rev= 5368.93; mid= 5121.35


monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 4189.37; rev= 5514.87; mid= 4852.12

Nasdaq Composite
new low 2778.79
trend=down
low= 2778.79
rev= 3067.92; mid= 2923.36


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 3091.57; rev= 2415.40; mid= 2753.49

DXY
-no change (above mid)
trend=no
direction=down (2 bars)
low= 78.35
rev= 81.51; mid= 79.93

monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 80.18; rev= 72.93; mid= 76.56

Gold
-no change (below mid)
trend=no
low= 1584.00
rev= 1742.90; mid= 1663.45


monthly info -no change (above mid)
trend=up
high= 1841.20; rev= 1452.50; mid= 1646.85

VIX
WEEKLY REVERSAL new high 25.10
trend=no
direction=up (1 bar)
high= 25.10
rev= 14.47; mid= 19.79


monthly info -no change (below mid)
trend=no; direction=up (1 bar)
high= 42.96; rev= 14.75; mid= 28.86

WTI Crude Oil
new low 91.80
trend=down
low= 91.80
rev= 104.96; mid= 98.38


monthly info -no change (above mid)
trend=no; direction=down (1 bar)
low= 80.69; rev= 117.05; mid= 98.87

Sugar #11
-no change (below mid)
trend=no
direction=up (1 bar)
high= 28.67
rev= 16.81; mid= 22.74


monthly info MONTHLY CONFIRMATION new low 21.12
trend=no; direction=down (2 bars)
low= 21.12; rev= 27.14; mid= 24.13

30 Year Yield
WEEKLY REVERSAL new low 27.89
trend=no
direction=down (1 bar)
low= 27.89
rev= 34.11; mid= 31.300


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

10 Year Yield
WEEKLY REVERSAL new low 17.02
trend=no
direction=down (2 bars)
low= 17.02
rev= 23.06; mid= 20.04


monthly info -change (below mid)
trend=down
low= 17.99; rev= 22.18; mid= 20.09

Silver
WEEKLY CONFIRMATION new low 28.71
trend=no
direction=down (2 bars)
low= 28.71
rev= 35.50; mid= 32.11


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 28.00; rev= 48.83; mid= 38.42

EURUSD
-no change (below mid)
trend=no
direction=up (2 bars)
high= 1.3465
rev= 1.2677; mid= 1.3071


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 1.2973; rev= 1.4782; mid= 1.3878

GS (Goldman Sachs)
new low 95.49
trend=down
low= 95.49
rev= 112.44; mid= 103.97


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

LUMBER
-no change (above mid)
trend=up
high= 295.40
rev= 265.10; mid= 280.25


monthly info MONTHLY CONFIRMATION new high 284.90
trend=no; direction=up (2 bars)
high= 284.90; rev= 215.00; mid= 249.95

BALTIC DRY INDEX
-no change (above mid)
trend=up
high= 1157.00
rev= 726.00; mid= 941.50


monthly info -no change (below mid)
trend=down
low= 680.00; rev= 3217.00; mid= 1948.50

XLF (SPDR Financial)
WEEKLY CONFIRMATION new low 13.77
trend=no
direction=down (2 bars)
low= 13.77
rev= 15.80; mid= 14.79


monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 11.81; rev= 16.85; mid= 14.33

AUDJPY
new low 0.7740
trend=down
low= 0.7740
rev= 0.8636; mid= 0.8188


monthly info -no change (above mid)
trend=up
high= 0.8745; rev= 0.6998; mid= 0.7872

YEN
new high 1.26560
trend=up
high= 1.26560
rev= 1.21300; mid= 1.23930


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 1.20870; rev= 1.31050; mid= 1.27596

CRB
new low 290.43
trend=down
low= 290.43
rev= 298.15; mid= 294.29



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 298.15; rev= 370.56; mid= 334.36

CAT (Caterpillar)
new low 88.68
trend=down
low= 88.68
rev= 104.56; mid= 96.62


monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 73.84; rev= 115.41; mid= 94.63

AA (Alcoa)
new low 8.43
trend=down
low= 8.43
rev= 9.63; mid= 9.03


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 8.65; rev= 17.66; mid= 13.16

COPPER
-change (below mid)
trend=down
low= 3.178
rev= 4.029; mid= 3.604



monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 3.171; rev= 4.571; mid= 3.871



BIDU (Baidu)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 106.91; rev= 157.07; mid= 131.99

JPM (JP Morgan Chase)
WEEKLY CONFIRMATION new low 33.49
trend=no
direction=down (2 bars)
low= 33.49; rev= 45.98; mid= 39.74

BAC (Bank of America)
new low 7.02
trend=down
low= 7.02; rev= 9.80; mid= 8.41

WFC (Wells Fargo)
WEEKLY REVERSAL new low 30.94
trend=no
direction=down (1 bar)
low= 30.94; rev= 34.14; mid= 32.54

AXP (American Express)
WEEKLY REVERSAL new low 55.40
trend=no
direction=down (1 bar)
low= 55.40; rev= 60.17; mid= 57.79

AMZN (Amazon)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 173.10; rev= 246.71; mid= 209.91

M (Macy's)
WEEKLY CONFIRMATION new low 35.24
trend=no
direction=down (2 bars)
low= 35.24; rev= 41.18; mid= 38.21

BKX (KBW Bank Index)
WEEKLY REVERSAL new low 43.08
trend=no
direction=down (1 bar)
low= 43.08; rev= 49.74; mid= 46.41

Powershares USD Bull (UUP)
-change (above mid)
trend=down
low= 21.81; rev= 22.72; mid= 22.27

TLT (iShares Barclays 20+ Year Treas Bond)
WEEKLY REVERSAL new high 124.20
trend=no
direction=up (1 bar)
high= 124.20; rev= 111.43; mid= 117.82

AAPL (Apple Computer)
new low 530.38
trend=down
low= 530.38; rev= 599.55; mid= 564.97

V (Visa)
WEEKLY CONFIRMATION new low 112.64
trend=no
direction=down (2 bars)
high= 112.64; rev= 123.52; mid= 118.08

XRT (SPDR Retail ETF)
new low 57.17
trend=down
low= 57.17; rev= 61.59; mid= 59.38

MUB (iShares S&P National AMT-Fre)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 111.20; rev= 107.92; mid= 109.56

IQI (Morgan Stanley Quality Muni)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 13.21; rev= 14.33; mid= 13.77

JNK (SPDR Barclays Capital HY)
WEEKLY CONFIRMATION new low 38.22
trend=no
direction=down (2 bars)
low= 38.22; rev= 39.96; mid= 39.09

EURCHF
-no change (below mid)
trend=down
low= 1.1910; rev= 1.2382; mid= 1.2146

USDJPY
new low 79.05
trend=down
low= 79.05; rev= 82.47; mid= 80.76



EEM (MSCI Emerging Markets)
new low 37.29
trend=down
low= 37.29
rev= 42.16; mid= 39.73


monthly info -change (below mid)
trend=no; direction=down (2 bars)
low= 35.10; rev= 50.00; mid= 42.55

NIKKEI
new low 8611.31
trend=down
low= 8611.31
rev= 9520.89; mid= 9066.10


monthly info -no change (above mid)
trend=down
low= 8434.61; rev= 10546.44; mid= 9490.53

HANG SENG
new low 19964.63
trend=down
low= 19964.63
rev= 21491.62; mid= 20728.13


monthly info -change (above mid)
trend=down
low= 17592.41; rev= 23527.52; mid= 20559.97

SHANGHAI Composite
-change (below mid)
trend=no
direction=down (2 bars)
low= 2262.79
rev= 2460.69; mid= 2361.74


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

DAX
new low 6271.22
trend=down
low= 6271.22
rev= 6775.26; mid= 6623.24


monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 5502.02; rev= 7514.46; mid= 6508.24

Athens
new low 550.13
trend=down
low= 550.13
rev= 695.76; mid= 622.95


monthly info -no change (below mid)
trend=down
low= 680.42; rev= 915.98; mid= 798.20

IBEX
new low 6566.70
trend=down
low= 6566.70
rev= 7250.60; mid= 6908.65



monthly info new low 7011.00
trend=down
low= 7011.00; rev= 8546.60; mid= 7778.80

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