Weekly 3LB Update 5/11/12

Weekly 3LB update (week ending 5/11/12)
a new high or low will change the reversal price and the midpoint

SPX
WEEKLY CONFIRMATION new low 1353.39
trend=no
direction=down (2 bars)
low= 1353.39
rev= 1408.47; mid= 1380.93


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 low 12820.60
trend=no
direction=down (2 bars)
low= 12820.60
rev= 13232.62; mid= 13026.61


monthly info -no change above mid
trend=no; direction=up (2 bars)
high= 13212.04; rev= 10913.38; mid= 12062.71

Dow Jones Transportation Avg
-no 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
WEEKLY CONFIRMATION new low 2933.82
trend=no
direction=down (2 bars)
low= 2933.82
rev= 3091.57; mid= 3012.70


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

DXY
-change (above 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
new low 1584.00
trend=no
low= 1584.00
rev= 1742.90; mid= 1663.45


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

VIX
-no change (above 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
WEEKLY CONFIRMATION new low 96.13
trend=no
direction=down (2 bars)
low= 96.13
rev= 110.75; mid= 103.44


monthly info -no change (above mid)
trend=no; direction=down (1 bar)
low= 80.69; rev= 117.05; mid= 98.87

Sugar #11
-no change (below mid)
trend=no
direction=up (1 bar)
high= 28.67
rev= 16.81; mid= 22.74


monthly info MONTHLY CONFIRMATION new low 21.12
trend=no; direction=down (2 bars)
low= 21.12; rev= 27.14; mid= 24.13

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


monthly info -change (below mid)
trend=down
low= 17.99; rev= 22.18; mid= 20.09

Silver
WEEKLY REVERSAL new low 28.89
trend=no
direction=down (1 bar)
low= 28.89
rev= 35.50; mid= 32.20



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 28.00; rev= 48.83; mid= 38.42

EURUSD
-change (below 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= 1.2973; rev= 1.4782; mid= 1.3878

GS (Goldman Sachs)
new low 102.13
trend=down
low= 102.13
rev= 115.09; mid= 108.61


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

LUMBER
new high 302.50
trend=up
high= 302.50
rev= 282.70; mid= 292.60


monthly info MONTHLY CONFIRMATION new high 284.90
trend=no; direction=up (2 bars)
high= 284.90; rev= 215.00; mid= 249.95

BALTIC DRY INDEX
-no change (above 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)
WEEKLY REVERSAL new low 14.81
trend=no
direction=down (1 bar)
low= 14.81
rev= 15.80; mid= 15.31


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

AUDJPY
WEEKLY CONFIRMATION new low 0.7981
trend=no
direction=down (2 bars)
low= 0.7981
rev= 0.8765; mid= 0.8373


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

YEN
-no change (above mid)
trend=no
direction=up (2 bars)
high= 1.2530
rev= 1.20050; mid= 1.22675

monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 1.20870; rev= 1.31050; mid= 1.27596

CRB
new low 291.80
trend=down
low= 291.80
rev= 301.87; mid= 296.84



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 298.15; rev= 370.56; mid= 334.36

CAT (Caterpillar)
new low 95.50
trend=down
low= 95.50
rev= 105.87; mid= 100.69


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

AA (Alcoa)
new low 9.06
trend=down
low= 9.06
rev= 10.43; mid= 9.75


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= 3.178
rev= 4.029; mid= 3.604



monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 3.171; rev= 4.571; mid= 3.871



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)
WEEKLY REVERSAL new low 36.96
trend=no
direction=down (1 bar)
low= 36.96; rev= 45.98; mid= 41.47

BAC (Bank of America)
WEEKLY CONFIRMATION new low 7.55
trend=no
direction=down (2 bars)
low= 7.55; rev= 9.85; mid= 8.70

WFC (Wells Fargo)
-no change (above mid)
trend=up
high= 34.14; rev= 31.28; mid= 32.71

AXP (American Express)
-no change (above mid)
trend=up
high= 60.17; rev= 57.25; mid= 58.71

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 REVERSAL new low 37.98
trend=no
direction=down (1 bar)
low= 37.98; rev= 41.18; mid= 39.58

BKX (KBW Bank Index)
-no change (below 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 (above mid)
trend=no
direction=down (1 bar)
low= 111.43; rev= 122.32; mid= 116.88

AAPL (Apple Computer)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 565.25; rev= 633.68; mid= 599.47

V (Visa)
-no change (below mid)
trend=no
direction=down (1 bar)
high= 117.79; rev= 123.52; mid= 120.66

XRT (SPDR Retail ETF)
WEEKLY CONFIRMATION new low 59.92
trend=no
direction=down (2 bars)
low= 59.92; rev= 62.44; mid= 61.18

MUB (iShares S&P National AMT-Fre)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 111.20; rev= 107.92; mid= 109.56

IQI (Morgan Stanley Quality Muni)
-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 (above mid)
trend=no
direction=down (1 bar)
low= 38.97; rev= 39.96; mid= 39.47

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

USDJPY
-no change (below mid)
trend=no
direction=down (2 bars)
low= 79.84; rev= 83.30; mid= 81.57

EEM (MSCI Emerging Markets)
new low 39.97
trend=down
low= 39.97
rev= 42.74; mid= 41.36


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

NIKKEI
new low 8953.31
trend=down
low= 8953.31
rev= 9561.36; mid= 9257.34


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

HANG SENG
new low 19964.63
trend=down
low= 19964.63
rev= 21491.62; mid= 20728.13


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

SHANGHAI Composite
-no change (above mid)
trend=no
direction=down (2 bars)
low= 2262.79
rev= 2460.69; mid= 2361.74


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

DAX
-no change (below mid)
trend=down
low= 6561.47
rev= 6921.37; mid= 6741.42


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

Athens
new low 611.96
trend=down
low= 689.86
rev= 728.93; mid= 709.40


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

IBEX
-no change (below mid)
trend=down
low= 6876.00
rev= 7660.50; mid= 7268.25



monthly info new low 7011.00
trend=down
low= 7011.00; rev= 8546.60; mid= 7778.80

Weekly 3LB Update 5/4/12

Weekly 3LB update (week ending 5/4/12)
a new high or low will change the reversal price and the midpoint

SPX
WEEKLY REVERSAL new low 1369.10
trend=no
direction=down (1 bar)
low= 1369.10
rev= 1408.47; mid= 1388.79


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

Dow Jones
-change (below mid)
trend=no direction=down (1 bar)
low= 12849.59
rev= 13232.62; mid= 13041.11


monthly info -no change above mid
trend=no; direction=up (2 bars)
high= 13212.04; rev= 10913.38; mid= 12062.71
 

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
WEEKLY REVERSAL new low 2956.34
trend=no
direction=down (1 bar)
low= 2956.34
rev= 3091.57; mid= 3023.96  


 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 (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 (2 bars)
low= 1630.10
rev= 1779.00; mid= 1704.55

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

VIX
-change (above 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
WEEKLY REVERSAL new low 98.49
trend=no
direction=down (1 bar)
low= 98.49
rev= 110.75; mid= 104.62


 monthly info -no change (above mid) 
trend=no; direction=down (1 bar) 
low= 80.69; rev= 117.05; mid= 98.87
 

Sugar #11
-no change (below mid)
trend=no
direction=up (1 bar)
high= 28.67
rev= 16.81; mid= 22.74  

 monthly info MONTHLY CONFIRMATION new low 21.12
trend=no; direction=down (2 bars) 
low= 21.12; rev= 27.14; mid= 24.13
 

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

 monthly info -change (below mid) 
trend=down 
low= 17.99; rev= 22.18; mid= 20.09
 

Silver
-no 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= 28.00; rev= 48.83; mid= 38.42
 

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= 1.2973; rev= 1.4782; mid= 1.3878
 

GS (Goldman Sachs)
new low 108.99
trend=down
low= 108.99
rev= 122.93; mid= 115.96  

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 high 292.20
trend=no
direction=up (2 bars)
high= 292.20
rev= 258.60; mid= 275.40  

 monthly info MONTHLY CONFIRMATION new high 284.90
trend=no; direction=up (2 bars) 
high= 284.90; rev= 215.00; mid= 249.95
 

BALTIC DRY INDEX
new high 1157.00
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 (below mid)
trend=up
high= 15.80
rev= 14.89; mid= 15.35  


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

AUDJPY
WEEKLY REVERSAL new low 0.8091
trend=no
direction=down (1 bar)
low= 0.8091
rev= 0.8765; mid= 0.8428


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

YEN
WEEKLY CONFIRMATION new high 1.25300
trend=no
direction=up (2 bars)
high= 1.2530
rev= 1.20050; mid= 1.22675

 monthly info -no change (below mid)
trend=no; direction=down (2 bars) 
low= 1.20870; rev= 1.31050; mid= 1.27596
 

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= 370.56; mid= 334.36
 

CAT (Caterpillar)
new low 98.44
trend=down
low= 98.44
rev= 106.52; mid= 102.48


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

AA (Alcoa)
WEEKLY CONFIRMATION new low 9.37
trend=no
direction=down (2 bars)
low= 9.37
rev= 10.76; mid= 10.07  

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= 3.178
rev= 4.029; mid= 3.604  


monthly info -no change (below mid) 
trend=no; direction=down (1 bar) 
low= 3.171; rev= 4.571; mid= 3.871




BIDU (Baidu)
-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=up
high= 45.98; rev= 41.03; mid= 43.51

BAC (Bank of America)
WEEKLY REVERSAL new low 7.74
trend=no
direction=down (1 bar)
low= 7.74; rev= 9.85; mid= 8.80

WFC (Wells Fargo)
-no change (above mid)
trend=up
high= 34.14; rev= 31.28; mid= 32.71

AXP (American Express)
-no change (above mid)
trend=up
high= 60.17; rev= 57.25; mid= 58.71

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

M (Macy's)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 41.18; rev= 39.10; mid= 40.14

BKX (KBW Bank Index)
-change (below 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 (above mid)
trend=no
direction=down (1 bar)
low= 111.43; rev= 122.32; mid= 116.88

AAPL (Apple Computer)
WEEKLY CONFIRMATION new low 565.25
trend=no
direction=down (2 bars)
low= 565.25; rev= 633.68; mid= 599.47

V (Visa)
WEEKLY REVERSAL new low 117.79
trend=no
direction=down (1 bar)
high= 117.79; rev= 123.52; mid= 120.66

XRT (SPDR Retail ETF)
WEEKLY REVERSAL new low 60.64
trend=no
direction=down (1 bar)
low= 60.64; rev= 62.44; mid= 61.54

MUB (iShares S&P National AMT-Fre)
WEEKLY REVERSAL new high 111.20
trend=no
direction=up (1 bar)
high= 111.20; rev= 107.92; mid= 109.56

IQI (Morgan Stanley Quality Muni)
-no change (at mid)
trend=no
direction=down (1 bar)
low= 13.21; rev= 14.33; mid= 13.77

JNK (SPDR Barclays Capital HY)
-no change (above mid)
trend=no
direction=down (1 bar)
low= 38.97; rev= 39.96; mid= 39.47

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

USDJPY
WEEKLY CONFIRMATION new low 79.84
trend=no
direction=down (2 bars)
low= 79.84; rev= 83.30; mid= 81.57

EEM (MSCI Emerging Markets)
new low 41.36
trend=down
low= 41.36
rev= 42.90; mid= 42.13


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

NIKKEI
new low 9380.25
trend=down
low= 9380.25
rev= 9637.99; mid= 9509.12
  

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

HANG SENG
-change (above mid)
trend=no
direction=down (2 bars)
low= 20555.58
rev= 21562.26; mid= 21058.92  

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

SHANGHAI Composite
-no change (above mid)
trend=no
direction=down (2 bars)
low= 2262.79
rev= 2460.69; mid= 2361.74  

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

DAX
new low 6561.47
trend=down
low= 6561.47
rev= 6921.37; mid= 6741.42  


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

Athens
new low 689.86
trend=down
low= 689.86
rev= 728.93; mid= 709.40  


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

IBEX
new low 6876.00
trend=down
low= 6876.00
rev= 7660.50; mid= 7268.25  


monthly info new low 7011.00
trend=down
low= 7011.00; rev= 8546.60; mid= 7778.80