Weekly 3LB Update 3/23/12

Weekly 3LB update (week ending 3/23/12)
a new high or low will change the reversal price and the midpoint

SPX
-no change (above mid)
trend=up
high= 1404.17
rev= 1365.74; mid= 1384.96


monthly info MONTHLY REVERSAL new high 1365.68
trend=no; direction=up (1 bar)
high= 1365.68
rev= 1131.42; mid= 1248.55



Dow Jones
-no change (above mid)
trend=up
high= 13232.62
rev= 12862.23; mid= 13047.43


monthly info MONTHLY REVERSAL new high 12952.07
trend=no; direction=up (1 bar)
high= 12952.07
rev= 10913.38; mid= 11932.73



Dow Jones Transportation Avg
-change (below mid)
trend=no
direction=down (1 bar)
low= 5139.14
rev= 5368.93; mid= 5254.04


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 3067.92
trend=up
high= 3067.92
rev= 2976.19; mid= 3022.06


monthly info MONTHLY REVERSAL new high 2966.89
trend=no; direction=up (1 bar)
high= 2966.89
rev= 2415.40; mid= 2691.15



DXY
-no change (below 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
direction=down (1 bar)
low= 1655.80
rev= 1776.40; mid= 1716.10


monthly info -no change (above mid)
trend=up
high= 1835.40
rev= 1446.70; mid= 1641.05



VIX
-no change (below mid)
trend=no
direction=down (1 bar)
low= 14.47
rev= 20.79; mid= 18.63


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= 110.31
rev= 102.20; mid= 106.26


monthly info -no change (above mid)
trend=no; direction=down (1 bar)
low= 79.81
rev= 116.17; mid= 97.99



Sugar #11
-no change (above mid)
trend=no
direction=up (1 bar)
high= 29.26
rev= 17.40; mid= 23.33


monthly info -no change (below mid)
trend=down
low= 23.18
rev= 33.97; mid= 28.58



30 Year Yield
-no change (above mid)
trend=no
direction=up (1 bar)
high= 34.11
rev= 28.55; mid= 31.33


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 (above mid)
trend=no
direction=up (2 bars)
high= 23.06
rev= 18.08; mid= 20.57


monthly info -no change (below mid)
trend=down
low= 17.99
rev= 22.18; mid= 20.09



Silver
-change (below mid)
trend=up
high= 35.42
rev= 29.17; mid= 32.30


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 27.91
rev= 48.60; mid= 38.26



EURUSD
-no change (above 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= 1.2968
rev= 1.4764; mid= 1.3866



GS (Goldman Sachs)
new high 126.18
trend=up
high= 126.18
rev= 117.53; mid= 121.86


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



LUMBER
WEEKLY CONFIRMATION new low 258.60
trend=uno
direction-down (2 bars)
low= 258.60
rev= 277.50; mid= 268.05


monthly info MONTHLY REVERSAL new high 265.80
trend=no; direction=up (1 bar)
high= 265.80
rev= 213.50; mid= 239.65



BALTIC DRY INDEX
-no change (above mid)
trend=down
low= 647.00
rev= 1053.00; mid= 850.00


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



XLF (SPDR Financial)
new high 15.73
trend=up
high= 15.73
rev= 14.86; mid= 15.30


monthly info -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= 0.8765
rev= 0.8242; mid= 0.8504


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



YEN
-no change (below mid)
trend=down
low= 1.20050
rev= 1.23510; mid= 1.21780


monthly info MONTHLY REVERSAL new low 1.23050
trend=no; direction=down (1 bar)
low= 1.23050
rev= 1.31050; mid= 1.27050



CRB
-no change (above 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= 370.56; mid= 334.36



CAT (Caterpillar)
WEEKLY CONFIRMATION new low 107.83
trend=no
direction=down (2 bars)
low= 107.83
rev= 116.00; mid= 111.92


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



AA (Alcoa)
-change (below mid)
trend=up
high= 10.76
rev= 9.80; mid= 10.28


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



COPPER
-no change (above mid)
trend=down
low= 3.171
rev= 4.022; mid= 3.597


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 3.152
rev= 4.497; mid= 3.825


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

JPM (JP Morgan Chase)
new high 45.16
trend=up
high= 45.16
rev= 40.63; mid= 42.90

BAC (Bank of America)
new high 9.85
trend=up
high= 9.85
rev= 8.07; mid= 8.96

WFC (Wells Fargo)
-no change (above mid)
trend=up
high= 33.89
rev= 31.09; mid= 32.49

AXP (American Express)
new high 57.25
trend=up
high= 57.25
rev= 52.86; mid= 55.06

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

M (Macy's)
new high 39.84
trend=up
high= 39.84
rev= 38.31; mid= 39.08

BKX (KBW Bank Index)
-no change (above mid)
trend=up
high= 49.74
rev= 45.05; mid= 47.40

Powershares USD Bull (UUP)
-no change (below mid)
trend=down
low= 21.81
rev= 22.72; mid= 22.27

TLT (iShares Barclays 20+ Year Treas Bond)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 111.43
rev= 122.32; mid= 116.88

AAPL (Apple Computer)
new high 596.05
trend=up
high= 596.05
rev= 522.41; mid= 559.23

V (Visa)
new high 118.78
trend=up
high= 118.78
rev= 113.90; mid= 116.34

XRT (SPDR Retail ETF)
new high 61.59
trend=up
high= 61.59
rev= 59.51; mid= 60.55

MUB (iShares S&P National AMT-Fre)
-no change (below mid)
trend=down
low= 107.92
rev= 110.40; mid= 109.16

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)
-no change (below mid)
trend=up
high= 39.96
rev= 39.20; mid= 39.58

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

USDJPY
-no change (above mid)
trend=up
high= 83.30
rev= 80.90; mid= 82.10



EEM (MSCI Emerging Markets)
-change (below mid)
trend=no
direction=down (1 bar)
low= 43.79
rev= 44.64; mid= 44.22


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


NIKKEI
-no change (above mid)
trend=up
high= 10129.83
rev= 9647.38; mid= 9888.61


monthly info -change (above mid)
trend=down
low= 8434.61
rev= 10546.44; mid= 9490.53



HANG SENG
WEEKLY REVERSAL new low 20668.80
trend=no
direction=down (1 bar)
low= 20668.80
rev= 21562.26; mid= 21115.53


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



SHANGHAI Composite
WEEKLY REVERSAL new low 2349.54
trend=no
direction=down (1 bar)
low= 2349.54
rev= 2460.69; mid= 2405.12


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



DAX
-change (below mid)
trend=up
high= 7157.82
rev= 6848.03; mid= 7002.93


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


Athens
-no change (below mid)
trend=up
high= 824.26
rev= 745.67; mid= 784.97


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

Weekly 3LB Update 3/16/12

Weekly 3LB update (week ending 3/16/12)
a new high or low will change the reversal price and the midpoint


SPX
new high 1404.17
trend=up
high= 1404.17
rev= 1365.74; mid= 1384.96


monthly info MONTHLY REVERSAL new high 1365.68
trend=no; direction=up (1 bar)
high= 1365.68
rev= 1131.42; mid= 1248.55



Dow Jones
new high 13232.62
trend=up
high= 13232.62
rev= 12862.23; mid= 13047.43


monthly info MONTHLY REVERSAL new high 12952.07< trend=no; direction=up (1 bar) high= 12952.07 rev= 10913.38; mid= 11932.73



Dow Jones Transportation Avg
-change (above mid)
trend=no
direction=down (1 bar)
low= 5139.14
rev= 5368.93; mid= 5254.04


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 3055.26
trend=up
high= 3055.26
rev= 2963.75; mid= 3009.51


monthly info MONTHLY REVERSAL new high 2966.89
trend=no; direction=up (1 bar)
high= 2966.89
rev= 2415.40; mid= 2691.15



DXY
-change (below 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
WEEKLY REVERSAL new low 1655.80
trend=no
direction=down (1 bar)
low= 1655.80
rev= 1776.40; mid= 1716.10


monthly info -no change (above mid)
trend=up
high= 1835.40
rev= 1446.70; mid= 1641.05



VIX
WEEKLY REVERSAL new low 14.47
trend=no
direction=down (1 bar)
low= 14.47
rev= 20.79; mid= 18.63


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= 110.31
rev= 102.20; mid= 106.26


monthly info -no change (above mid)
trend=no; direction=down (1 bar)
low= 79.81
rev= 116.17; mid= 97.99



Sugar #11
-no change (above mid)
trend=no
direction=up (1 bar)
high= 29.26
rev= 17.40; mid= 23.33


monthly info -no change (below mid)
trend=down
low= 23.18
rev= 33.97; mid= 28.58



30 Year Yield
WEEKLY REVERSAL new high 34.11
trend=no
direction=up (1 bar)
high= 34.11
rev= 28.55; mid= 31.33


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



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


monthly info -no change (below mid)
trend=down
low= 17.99
rev= 22.18; mid= 20.09



Silver
-no change (above mid)
trend=up
high= 35.42
rev= 29.17; mid= 32.30


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 27.91
rev= 48.60; mid= 38.26



EURUSD
-no change (above 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= 1.2968
rev= 1.4764; mid= 1.3866



GS (Goldman Sachs)
new high 122.93
trend=up
high= 122.93
rev= 91.91; mid= 107.42


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



LUMBER
WEEKLY REVERSAL new low 272.20
trend=uno
direction-down (1 bar)
low= 272.20
rev= 277.50; mid= 274.85


monthly info MONTHLY REVERSAL new high 265.80
trend=no; direction=up (1 bar)
high= 265.80
rev= 213.50; mid= 239.65



BALTIC DRY INDEX
-change (above mid)
trend=down
low= 647.00
rev= 1053.00; mid= 850.00


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



XLF (SPDR Financial)
new high 15.72
trend=up
high= 15.72
rev= 14.79; mid= 15.26


monthly info -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= 0.8765
rev= 0.8242; mid= 0.8504


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



YEN
new low 1.20050
trend=down
low= 1.20050
rev= 1.23510; mid= 1.21780


monthly info MONTHLY REVERSAL new low 1.23050
trend=no; direction=down (1 bar)
low= 1.23050
rev= 1.31050; mid= 1.27050



CRB
-no change (above 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= 370.56; mid= 334.36



CAT (Caterpillar)
-change (above mid)
trend=no
direction=down (1 bar)
low= 110.22
rev= 116.0; mid= 113.11


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



AA (Alcoa)
-change (above mid)
trend=up
high= 10.76
rev= 9.80; mid= 10.28


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



COPPER
-no change (above mid)
trend=down
low= 3.171
rev= 4.022; mid= 3.597


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 3.152
rev= 4.497; mid= 3.825


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

JPM (JP Morgan Chase)
new high 44.57
trend=up
high= 44.57
rev= 38.47; mid= 41.52

BAC (Bank of America)
new high 9.80
trend=up
high= 9.80
rev= 7.84; mid= 8.82

WFC (Wells Fargo)
new high 33.89
trend=up
high= 33.89
rev= 31.09; mid= 32.49

AXP (American Express)
new high 56.55
trend=up
high= 56.55
rev= 52.25; mid= 54.40

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

M (Macy's)
new high 39.73
trend=up
high= 39.73
rev= 37.06; mid= 38.40

BKX (KBW Bank Index)
new high 49.74
trend=up
high= 49.74
rev= 45.05; mid= 47.40

Powershares USD Bull (UUP)
-no change (below mid)
trend=down
low= 21.81
rev= 22.72; mid= 22.27

TLT (iShares Barclays 20+ Year Treas Bond)
WEEKLY REVERSAL new low 111.43
trend=no
direction=down (1 bar)
low= 111.43
rev= 122.32; mid= 116.88

AAPL (Apple Computer)
new high 585.57
trend=up
high= 585.57
rev= 502.12; mid= 543.85

V (Visa)
-no change (above mid)
trend=up
high= 117.54
rev= 107.03; mid= 112.29

XRT (SPDR Retail ETF)
new high 61.00
trend=up
high= 61.00
rev= 58.84; mid= 59.92

MUB (iShares S&P National AMT-Fre)
new low 107.92
trend=down
low= 107.92
rev= 110.40; mid= 109.16

IQI (Morgan Stanley Quality Muni)
WEEKLY REVERSAL new low 13.21
trend=no
direction=down (1 bar)
low= 13.21
rev= 14.33; mid= 13.77

JNK (SPDR Barclays Capital HY)
-change (below mid)
trend=up
high= 39.96
rev= 39.20; mid= 39.58

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

USDJPY
new high 83.30
trend=up
high= 83.30
rev= 80.90; mid= 82.10



EEM (MSCI Emerging Markets)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 43.79
rev= 44.64; mid= 44.22


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



NIKKEI
new high 10129.83
trend=up
high= 10129.83
rev= 9647.38; mid= 9888.61


monthly info -change (above mid)
trend=down
low= 8434.61
rev= 10546.44; mid= 9490.53



HANG SENG
-change (above mid)
trend=up
high= 21562.26
rev= 20756.98; mid= 21159.62


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



SHANGHAI Composite
-change (below mid)
trend=up
high= 2460.69
rev= 2351.98; mid= 2406.34


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



DAX
new high 7157.82
trend=up
high= 7157.82
rev= 6848.03; mid= 7002.93


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



Athens
-no change (below mid)
trend=up
high= 824.26
rev= 745.67; mid= 784.97


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