Weekly 3LB Update 12.21.12

Weekly 3LB update (week ending 12/21/12)
a new high or low will change the reversal price and the midpoint

SPX
-no change (above mid)
trend=no
direction=down (1 bar)
low= 1359.88
rev= 1465.77; mid= 1412.83

monthly info -no change (above mid)
trend=up
high= 1440.67; rev= 1218.89; mid= 1329.78

Dow Jones
WEEKLY CONFIRMATION new high 13190.84
trend=no
direction=up (2 bars)
high= 13190.84
rev= 12588.31; mid= 12889.58


monthly info -no change (below mid)
trend=up
high= 13437.13; rev= 12952.07; mid= 13194.60

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
WEEKLY CONFIRMATION new high 3021.01
trend=no
direction=up (2 bars)
high= 3021.01
rev= 2853.13; mid= 2937.07


monthly info -no change (above mid)
trend=up
high= 3116.23; rev= 2579.46; mid= 2847.85

DXY
-no change (below mid)
trend=no
low= 78.83
rev= 81.62; mid= 80.23


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

Gold
new low 1660.10
trend=down
low= 1660.10
rev= 1726.30; mid= 1693.20


monthly info -no change (above mid)
trend=up
high= 1850.50; rev= 1461.80; mid= 1656.15

VIX
-no change (below mid)
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
-no change (below mid)
trend=down
low= 85.81
rev= 93.61; mid= 89.71


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 83.70; rev= 120.06; mid= 101.88

Sugar #11
-no change (below mid)
trend=no
direction=up (1 bar)
high= 28.70
rev= 16.84; mid= 22.77


monthly info new low 19.34
trend=down
low= 19.34; rev= 21.87; mid= 20.61

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 (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 -no change (below mid)
trend=down
low= 14.92; rev= 18.71; mid= 16.82

Silver
WEEKLY REVERSAL new low 30.20
trend=no
direction=down (1 bar)
low= 30.20
rev= 34.75; mid= 32.48


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 34.67; rev= 27.80; mid= 31.24

EURUSD
new high 1.3187
trend=up
high= 1.3187
rev= 1.2818; mid= 1.3003


monthly info -no change (above mid)
trend=down
low= 1.2322; rev= 1.3452; mid= 1.2887

GS (Goldman Sachs)
new high 128.44
trend=up
high= 128.44
rev= 116.33; mid= 122.39


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

Lumber
new high 366.60
trend=up
high= 366.60
rev= 340.10; mid= 353.35


monthly info new high 340.00
trend=up
high= 340.00; rev= 320.20; mid= 330.10

Baltic Dry Index
WEEKLY CONFIRMATION new low 700.00
trend=no
direction=down (2 bars)
low= 700.00
rev= 1090.00; mid= 895.00


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

XLF (SPDR Financial)
WEEKLY CONFIRMATION new high 16.40
trend=no
direction=up (2 bars)
high= 16.40
rev= 13.49; mid= 14.95


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

AUDJPY
-no change (above mid)
trend=up
high= 0.8750
rev= 0.8530; mid= 0.8640


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

YEN
new low 1.18940
trend=down
low= 1.18940
rev= 1.21400; mid= 1.20170


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 1.20870; rev= 1.31050; mid= 1.25960

Continuous Commodity Index
-no change (below mid)
trend=no
direction=down (2 bars)
low= 557.90
rev= 598.06; mid= 577.98


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
low= 580.24; rev= 508.76; mid= 544.50

CAT (Caterpillar)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 89.00
rev= 81.93; mid= 85.47


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=no
direction=down (1 bar)
low= 8.18
rev= 9.84; mid= 9.01


monthly info new low 8.41
trend=down
low= 8.41; rev= 8.65; mid= 8.53

Copper
-change (below mid)
trend=down
low= 3.204
rev= 4.055; mid= 3.630



monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 3.204; rev= 4.591; mid= 3.898

AAPL (Apple Computer)
-no change (below mid)
trend=down
low= 509.79
rev= 576.80; mid= 543.30



monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 595.32; rev= 667.10; mid= 631.21



BIDU (Baidu)
-no change (above mid)
trend=down
low= 89.36; rev= 105.09; mid= 97.23

JPM (JP Morgan Chase)
-no change (above mid)
trend=down
low= 31.93; rev= 45.16; mid= 38.55

BAC (Bank of America)
new high 11.29
trend=up
high= 11.29; rev= 9.85; mid= 10.57

WFC (Wells Fargo)
WEEKLY REVERSAL new high 34.48
trend=no
direction=up (1 bar)
high= 34.48; rev= 31.94; mid= 33.21

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=up
high= 261.27; rev= 177.28; mid= 219.28

M (Macy's)
WEEKLY REVERSAL new low 37.51
trend=no
direction=down (1 bar)
low= 37.51; rev= 41.73; mid= 39.62

BKX (KBW Bank Index)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 51.64; rev= 41.93; mid= 46.79

Powershares USD Bull (UUP)
-no change (below mid)
trend=down
low= 21.64; rev= 22.42; mid= 22.03

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

V (Visa)
new high 150.77
trend=up
high= 150.77; rev= 143.40; mid= 147.09

XRT (SPDR Retail ETF)
-no change (above mid)
trend=up
high= 65.13; rev= 57.17; mid= 61.15

MUB (iShares S&P National AMT-Fre)
WEEKLY CONFIRMATION new low 110.82
trend=no
direction=down (2 bars)
low= 110.82; rev= 114.07; mid= 112.45

IQI (Morgan Stanley Quality Muni)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 13.81; rev= 14.88; mid= 14.35

JNK (SPDR Barclays Capital HY)
WEEKLY REVERSAL new high 40.88
trend=no
direction=up (1 bar)
high= 40.88; rev= 39.74; mid= 40.31

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

USDJPY
new high 84.16
trend=up
high= 84.16; rev= 82.31; mid= 83.24

HYGLQD
-no 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=up
high= 43.38
rev= 40.73; mid= 42.06



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

Nikkei
new high 9940.06
trend=up
high= 9940.06
rev= 9443.01; mid= 9691.54


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= 22605.98
rev= 21551.76; mid= 22078.87


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

Shanghai Composite
WEEKY CONFIRMATION new high 2153.31
trend=no
direction=up (2 bars)
high= 2153.31
rev= 1980.12; mid= 2066.72


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

DAX
new high 7636.23
trend=no
high= 7636.23
rev= 7412.13; mid= 7524.18



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

Athens
new high 896.88
trend=up
high= 896.88
rev= 829.96; mid= 863.42


monthly info MONTHLY CONFIRMATION new high 809.14
trend=no; direction=up (2 bars)
high= 809.14; rev= 525.45; mid= 667.30

IBEX
new high 8291.00
trend=up
high= 8291.00
rev= 7882.80; mid= 8086.90


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