Weekly 3LB Update 8/17/12

Weekly 3LB update (week ending 8/17/12)
a new high or low will change the reversal price and the midpoint

SPX
new high 1418.16
trend=up
high= 1418.16
rev= 1385.97; mid= 1402.07


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

Dow Jones
new high 13275.20
trend=up
high= 13275.20
rev= 13075.66; mid= 13175.43


monthly info -no change (above mid)
trend=up
high= 13213.63; rev= 11613.53; mid= 12413.58

Dow Jones Transportation Avg
-no 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
new high 3076.59
trend=nup
high= 3076.59
rev= 2958.09; mid= 3017.34


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

DXY
-no change (below mid)
trend=no
direction=down (1 bar)
low= 82.38
rev= 83.48; mid= 82.93

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

Gold
-no 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
WEEKLY REVERSAL new low 13.45
trend=no
direction=down (1 bar)
low= 13.45
rev= 26.66; mid= 20.06


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

WTI Crude Oil
WEEKLY CONFIRMATION new high 96.32
trend=no
direction=up (2 bars)
high= 96.32
rev= 80.37; mid= 88.35


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 82.13; rev= 118.49; mid= 100.31

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


monthly info -no change (above mid)
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 MONTHLY CONFIRMATION new low 25.77
trend=no; direction=down (2 bars)
low= 25.77; rev= 47.15; mid= 36.46

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



monthly info new low 14.92
trend=down
low= 14.92; rev= 18.71; mid= 16.82

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


monthly info -no change (below mid)
trend=down
low= 27.61; rev= 30.39; mid= 29.00

EURUSD
-no change (above mid)
trend=down
low= 1.2168
rev= 1.2423; mid= 1.2296


monthly info new low 1.2313
trend=down
low= 1.2313; rev= 1.3443; mid= 1.2878

GS (Goldman Sachs)
-no 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
new high 308.70
trend=up
high= 308.70
rev= 284.20; mid= 296.45


monthly info -no change (above mid)
trend=up
high= 289.60; rev= 217.60; mid= 253.60

BALTIC DRY INDEX
WEEKLY REVERSAL new low 714.00
trend=no
direction=down (1 bar)
low= 714.00
rev= 1157.00; mid= 935.50


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

XLF (SPDR Financial)
-no change (above mid)
trend=down
low= 13.49
rev= 15.73; mid= 14.61


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

AUDJPY
new high 0.8266
trend=up
high= 0.8266
rev= 0.8112; mid= 0.8189


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

YEN
-change (below mid)
trend=up
high= 1.28030
rev= 1.24370; mid= 1.26200


monthly info -change (above 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)
new high 90.01
trend=up
high= 90.01
rev= 82.07; mid= 86.04


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 (above mid)
trend=down
low= 8.26
rev= 9.06; mid= 8.66


monthly info -no change (below mid)
trend=down
low= 8.47; rev= 9.57; mid= 9.02

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)
-change (above 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)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 34.34; rev= 30.16; mid= 32.25

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)
WEEKLY CONFIRMATION new high 38.95
trend=no
direction=up (2 bars)
high= 38.95; rev= 33.64; mid= 36.30

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

Powershares USD Bull (UUP)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 22.63; rev= 22.98; mid= 22.81

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)
new high 648.11
trend=up
high= 648.11; rev= 605.88; mid= 627.00

V (Visa)
-no change (above mid)
trend=up
high= 130.98; rev= 125.28; mid= 128.13

XRT (SPDR Retail ETF)
WEEKLY REVERSAL new high 61.46
trend=no
direction=up (1 bar)
high= 61.46; rev= 56.53; mid= 59.00

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)
-change (above mid)
trend=up
high= 14.88; rev= 14.36; mid= 14.62

JNK (SPDR Barclays Capital HY)
-no change (above mid)
trend=up
high= 39.83; rev= 38.22; mid= 39.03

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

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

HYGLQD
-change (above 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=no
direction=up (1 bar)
high= 40.73
rev= 36.69; mid= 38.71


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

NIKKEI
new high 9162.50
trend=up
high= 9162.50
rev= 8580.39; mid= 8871.45


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= 20136.12
rev= 19233.94; mid= 19685.03


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

SHANGHAI Composite
new low 2114.89
trend=down
low= 2114.89
rev= 2185.90; mid= 2150.40


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

DAX
new high 7040.88
trend=up
high= 7040.88
rev= 6689.40; mid= 6865.14



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

Athens
-no change (above 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
new high 7561.00
trend=up
high= 7561.00
rev= 6543.00; mid= 7052.00


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