Weekly 3LB Update 7/27/12

Weekly 3LB update (week ending 7/27/12)
a new high or low will change the reversal price and the midpoint

SPX
WEEKLY REVERSAL new high 1385.97
trend=no
direction=up (1 bar)
high= 1385.97
rev= 1278.04; mid= 1332.01


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

Dow Jones
WEEKLY CONFIRMATION new high 13075.66
trend=no
direction=up (2 bars)
high= 13075.66
rev= 12118.57; mid= 12597.12


monthly info -change (above mid)
trend=up
high= 13213.63; rev= 11613.53; mid= 12413.58

Dow Jones Transportation Avg
-change (above mid)
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
WEEKLY REVERSAL new high 2958.09
trend=no
direction=up (1 bar)
high= 2958.09
rev= 2747.48; mid= 2852.79


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

DXY
-change (below mid)
trend=up
high= 83.48
rev= 82.40; mid= 82.94

monthly info -no change (above mid)
trend=up
high= 83.04; rev= 75.86; mid= 79.45

Gold
-change (above mid)
trend=down
low= 1566.90
rev= 1630.10; mid= 1598.50


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

VIX
-no change (below mid)
trend=no
direction=up (2 bars)
high= 26.66
rev= 14.47; mid= 20.57


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

WTI Crude Oil
-no change (above mid)
trend=down
low= 80.08
rev= 92.42; mid= 86.25


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 81.81; rev= 118.17; mid= 99.99

Sugar #11
-no change (above mid)
trend=no
direction=up (1 bar)
high= 27.84
rev= 15.98; mid= 21.91


monthly info new low 19.42
trend=down
low= 18.59; rev= 26.19; mid= 22.39

30 Year Yield
-no change (below mid)
trend=no
direction=down (2 bars)
low= 25.40
rev= 34.11; mid= 29.76


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 26.72; rev= 47.15; mid= 36.94

10 Year Yield
-no change (below mid)
trend=down
low= 14.60
rev= 22.32; mid= 18.46



monthly info -no change (below mid)
trend=down
low= 15.81; rev= 19.24; mid= 17.53

Silver
-no change (below mid)
trend=down
low= 26.73
rev= 28.95; mid= 27.84


monthly info new low 27.61
trend=down
low= 27.61; rev= 30.39; mid= 29.00

EURUSD
-change (above mid)
trend=down
low= 1.2168
rev= 1.2423; mid= 1.2296


monthly info -no change (below mid)
trend=down
low= 1.2378; rev= 1.4153; mid= 1.3266

GS (Goldman Sachs)
-change (above mid)
trend=down
low= 92.64
rev= 108.99; mid= 100.82


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

LUMBER
-change (below mid)
trend=up
high= 304.00
rev= 273.70; mid= 288.85


monthly info -no change (above mid)
trend=up
high= 281.00; rev= 209.00; mid= 245.00

BALTIC DRY INDEX
-change (below 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)
-change (above mid)
trend=down
low= 13.49
rev= 15.73; mid= 14.61


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

AUDJPY
new high 0.8182
trend=up
high= 0.8182
rev= 0.7772; mid= 0.7977


monthly info -change (above mid)
trend=up
high= 0.8745; rev= 0.6998; mid= 0.7872

YEN
-no change (above mid)
trend=up
high= 1.28030
rev= 1.24370; mid= 1.26200


monthly info -change (below mid)
trend=no; direction=down (2 bars)
low= 1.20870; rev= 1.31200; mid= 1.26035

CRB
-no change (above mid)
trend=no
direction=up (2 bars)
High= 304.57
rev= 267.97; mid= 286.27



monthly info -no change (below mid)
trend=down
low= 272.97; rev= 359.43; mid= 316.20

CAT (Caterpillar)
WEEKLY REVERSAL new high 86.16
trend=no
direction=up (1 bar)
high= 86.16
rev= 80.95; mid= 83.56


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

AA (Alcoa)
-no change (below mid)
trend=down
low= 8.26
rev= 9.06; mid= 8.66


monthly info -no change (below mid)
trend=down
low= 8.55; rev= 16.85; mid= 12.70

COPPER
-no change (below mid)
trend=down
low= 3.185
rev= 4.036; mid= 3.611



monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 3.185; rev= 4.584; mid= 3.885



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)
-no change (below mid)
trend=down
low= 31.93; rev= 45.16; mid= 38.55

BAC (Bank of America)
-no change (below mid)
trend=down
low= 7.02; rev= 9.80; mid= 8.41

WFC (Wells Fargo)
WEEKLY REVERSAL new high 34.15
trend=no
direction=up (1 bar)
high= 34.15; rev= 30.16; mid= 32.16

AXP (American Express)
-change (above mid)
trend=no
direction=down (2 bars)
low= 53.43; rev= 60.17; mid= 56.80

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

M (Macy's)
-change (above mid)
trend=down
low= 33.64; rev= 37.98; mid= 35.81

BKX (KBW Bank Index)
-change (above mid)
trend=no
direction=down (2 bars)
low= 41.93; rev= 49.74; mid= 45.84

Powershares USD Bull (UUP)
WEEKLY REVERSAL new low 22.74
trend=no
direction=down (1 bar)
low= 22.74; rev= 22.98; mid= 22.86

TLT (iShares Barclays 20+ Year Treas Bond)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 130.36; rev= 111.43; mid= 120.90

AAPL (Apple Computer)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 605.88; rev= 530.38; mid= 568.13

V (Visa)
new high 129.14
trend=up
high= 129.14; rev= 124.95; mid= 127.05

XRT (SPDR Retail ETF)
-no change (above mid)
trend=down
low= 56.53; rev= 60.64; mid= 58.59

MUB (iShares S&P National AMT-Fre)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 111.73; rev= 107.92; mid= 109.83

IQI (Morgan Stanley Quality Muni)
new high 14.88
trend=up
high= 14.88; rev= 14.36; mid= 14.62

JNK (SPDR Barclays Capital HY)
WEEKLY CONFIRMATION new high 39.82
trend=no
direction=up (2 bars)
high= 39.82; rev= 37.59; mid= 38.71

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

USDJPY
-no change (below mid)
trend=no
direction=up (1 bar)
high= 80.36; rev= 77.99; mid= 79.18

HYGLQD
-no change (below mid)
trend=no
direction=down (1 bar)
low= 0.7388; rev= 0.7914; mid= 0.7651

EEM (MSCI Emerging Markets)
-no change (above mid)
trend=down
low= 36.69
rev= 39.97; mid= 38.33


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

NIKKEI
-no change (below mid)
trend=no
direction=up (2 bars)
high= 9020.75
rev= 8440.25; mid= 8730.50


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

HANG SENG
-no change (above mid)
trend=up
high= 19800.64
rev= 18558.34; mid= 19179.49


monthly info -no change (below mid)
trend=down
low= 17592.41; rev= 23527.52; mid= 20559.97

SHANGHAI Composite
new low 2128.77
trend=down
low= 2128.77
rev= 2223.58; mid= 2176.18


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

DAX
WEEKLY CONFIRMATION new high 6689.40
trend=no
direction=up (2 bars)
high= 6689.40
rev= 6050.29; mid= 6369.85


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

Athens
-change (below mid)
trend=down
low= 485.18
rev= 689.86; mid= 587.52


monthly info -no change (below mid)
trend=down
low= 525.45; rev= 798.42; mid= 661.94

IBEX
-change (above mid)
trend=no
direction=up (2 bars)
high= 7102.20
rev= 6065.00; mid= 6583.60


monthly info -no change (below mid)
trend=down
low= 6089.80; rev= 8449.50; mid= 7269.65