Weekly 3LB Update 1/13/12

Weekly 3LB update (week ending 1/13/12)
a new high or low will change the reversal price and the midpoint

SPX
WEEKLY CONFIRMATION new high 1289.09
trend=no
direction=up (2 bars)
high= 1289.09
rev= 1123.53; mid= 1206.31


monthly info -change (above mid)
trend=no; direction=down (2 bars)
low= 1131.42
rev= 1363.61; mid= 1247.52



Dow Jones
new high 12422.06
trend=up
high= 12422.06
rev= 12231.11; mid= 12326.59


monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 10913.38
rev= 12810.54; mid= 11861.96



Dow Jones Transportation Avg
new high 5175.92
trend=up
high= 5175.92
rev= 5011.98; mid= 5093.95


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



Nasdaq Composite
-no change (above mid)
trend=no
direction=down (1 bar)
low= 2441.51
rev= 2737.15; mid= 2589.33


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 2415.40
rev= 2873.54; mid= 2644.47



DXY
new high 81.51
trend=up
high= 81.51
rev= 79.69; mid= 80.60


monthly info MONTHLY CONFIRMATION new high 80.18
trend=no; direction=up (2 bars)
high= 80.18
rev= 72.93; mid= 76.56



Gold
-no change (above mid)
trend=down
low= 1566.80
rev= 1643.50; mid= 1605.15


monthly info -change (below mid)
trend=up
high= 1835.40
rev= 1446.70; mid= 1641.05



VIX
-no change (below mid)
trend=down
low= 20.63
rev= 24.53; mid= 22.58


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=up
high= 101.56
rev= 94.47; mid= 98.02


monthly info -no change (above mid)
trend=no; direction=down (1 bar)
low= 79.65
rev= 116.01; mid= 97.83



Sugar #11
-no change (below mid)
trend=no
direction=up (1 bar)
high= 30.13
rev= 18.27; mid= 24.20


monthly info -no change (below mid)
trend=up
high= 28.60
rev= 20.98; mid= 24.79



30 Year Yield
-no change (below mid)
trend=down
low= 28.55
rev= 33.11; mid= 30.83


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



10 Year Yield
-no change (below mid)
trend=no
direction=up (2 bars)
high= 23.06
rev= 18.08; mid= 20.57


monthly info new low 18.71
trend=down
low= 18.71
rev= 29.57; mid= 24.14



Silver
-change (above mid)
trend=down
low= 27.91
rev= 30.16; mid= 29.04


monthly info MONTHLY CONFIRMATION new low 27.91
trend=no; direction=down (2 bars)
low= 27.91
rev= 48.74; mid= 38.33



EURUSD
new low 1.2672
trend=down
low= 1.2672
rev= 1.3037; mid= 1.2855


monthly info MONTHLY CONFIRMATION new low 1.2968
trend=no; direction=down (2 bars)
low= 1.2968
rev= 1.4764; mid= 1.3866



GS (Goldman Sachs)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 88.75
rev= 115.86; mid= 102.31


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=down
low= 214.60
rev= 260.60; mid= 237.60


monthly info -change (above mid)
trend=down
low= 218.20
rev= 260.00; mid= 239.10



BALTIC DRY INDEX
new low 1053.00
trend=down
low= 1053.00
rev= 1784.00; mid= 1418.50


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=no
direction=up (1 bar)
high= 14.05
rev= 11.68; mid= 12.87


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



AUDJPY
-no change (above mid)
trend=up
high= 0.8080
rev= 0.7400; mid= 0.7740


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



YEN
-no change (above mid)
trend=no
direction=down (1 bar)
low= 1.27960
rev= 1.32030; mid= 1.2995


monthly info -no change (above mid)
trend=up
high= 1.30580
rev= 1.24290; mid= 1.27435



CRB
-no change (below mid)
trend=down
low= 295.00
rev= 326.53; mid= 310.77


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 298.15
rev= 366.31; mid= 332.23



CAT (Caterpillar)
WEEKLY CONFIRMATION new high 102.48
trend=no
direction=up (2 bars)
high= 102.48
rev= 73.84; mid= 88.16


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



AA (Alcoa)
WEEKLY REVERSAL new high 9.80
trend=no
direction=up (1 bar)
high= 9.80
rev= 8.65; mid= 9.23


monthly info MONTHLY CONFIRMATION new low 8.65
trend=no; direction=down (2 bars)
low= 8.65
rev= 17.66; mid= 13.16



COPPER
-change (above mid)
trend=down
low= 3.163
rev= 4.014; mid= 3.589


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 3.163
rev= 4.556; mid= 3.860


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 (above mid)
trend=no
direction=down (1 bar)
low= 28.48
rev= 36.69; mid= 32.59

BAC (Bank of America)
-change (above mid)
trend=no
direction=down (2 bars)
low= 5.17
rev= 7.35; mid= 6.26

WFC (Wells Fargo)
WEEKLY CONFIRMATION new high 29.61
trend=no
direction=up (2 bars)
low= 29.61
rev= 23.36; mid= 26.49

AXP (American Express)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 52.10
rev= 43.43; mid= 47.77

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

M (Macy's)
-no change (above mid)
trend=up
high= 34.56
rev= 31.46; mid= 33.01

BKX (KBW Bank Index)
WEEKLY REVERSAL new high 43.44
trend=no
direction=up (1 bar)
high= 43.44
rev= 34.90; mid= 39.17

Powershares USD Bull (UUP)
new high 22.75
trend=up
high= 22.75
rev= 22.42; mid= 22.59

TLT (iShares Barclays 20+ Year Treas Bond)
-no change (above mid)
trend=up
high= 122.32
rev= 112.51; mid= 117.42

AAPL (Apple Computer)
-no change (above mid)
trend=up
high= 422.40
rev= 393.62; mid= 408.01

V (Visa)
-no change (above mid)
trend=up
high= 102.48
rev= 90.81; mid= 96.65

XRT (SPDR Retail ETF)
-no change (above mid)
trend=down
low= 43.83
rev= 54.44; mid= 49.14

MUB (iShares S&P National AMT-Fre)
new high 110.68
trend=up
high= 110.68
rev= 107.61; mid= 109.15

IQI (Morgan Stanley Quality Muni)
-no change (above mid)
trend=up
high= 13.74
rev= 13.17; mid= 13.46

JNK (SPDR Barclays Capital HY)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 39.20
rev= 36.16; mid= 37.68

EURCHF
-no change (below mid)
trend=up
high= 1.2395
rev= 1.2067; mid= 1.2231

USDJPY
-no change (above mid)
trend=no
direction=up (1 bar)
high= 78.11
rev= 75.52; mid= 76.73



EEM (MSCI Emerging Markets)
-change (above mid)
trend=no
direction=up (1 bar)
high= 42.40
rev= 35.10; mid= 38.75


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



NIKKEI
-change (above mid)
trend=no
direction=down (1 bar)
high= 8643.75
rev= 8160.01; mid= 8401.88


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



HANG SENG
-change (above mid)
trend=no
direction=up (1 bar)
high= 20019.24
rev= 17592.41; mid= 18805.83


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



SHANGHAI Composite
WEEKLY REVERSAL new high 2244.58
trend=no
direction=up (1 bar)
high= 2244.58
rev= 2163.39; mid= 2203.99


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



DAX
-no change (above mid)
trend=no
direction=up (1 bar)
high= 6346.19
rev= 5189.93; mid= 5768.06


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



Athens
new low 644.94
trend=down
low= 644.94
rev= 664.24; mid= 654.59


monthly info new low 680.42
trend=down
low= 680.42
rev= 915.98; mid= 798.20