Weekly 3LB Update 1/24/14

Weekly 3LB update (week ending 1/24/14)
a new high or low will change the reversal price and the midpoint

SPX
WEEKLY REVERSAL new low 1790.29
trend=no
direction=down (1 bar)
low= 1790.29
rev= 1842.37; mid= 1816.33


monthly info new high 1848.36
trend=up
high= 1848.36; rev= 1685.73; mid= 1767.05

Dow Jones
-change (below mid)
trend=no
direction=up (2 bars)
high= 16478.41
rev= 15755.36; mid= 16116.89


monthly info new high 16576.66
trend=up
high= 16576.66; rev= 15499.54; mid= 16038.10

Dow Jones Transportation Avg
-change (below mid)
trend=up
high= 7466.03
rev= 7235.69; mid= 7350.86



monthly info new high 7400.57
trend=up
high= 7400.57; rev= 6582.43; mid= 6991.50

Nasdaq Composite
-change (below mid)
trend=up
high= 4197.58
rev= 4104.74; mid= 4151.16



monthly info new high 4176.59
trend=up
high= 4176.59; rev= 3771.48; mid= 3974.04

DXY
-no change (above mid)
trend=no
direction=up (2 bars)
high= 81.21
rev= 79.21; mid= 80.21


monthly info -no change (below mid)
trend=up
high= 83.38; rev= 78.55; mid= 80.97

Gold
-no change (below mid)
trend=no
direction=down (1 bar)
low= 1203.70
rev= 1396.20; mid= 1299.95


monthly info new low 1202.30
trend=down
low= 1202.30; rev= 1655.30; mid= 1428.80

VIX
WEEKLY REVERSAL new high 18.14
trend=no
direction=up (1 bar)
high= 18.14
rev= 11.98; mid= 15.06


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 12.70; rev= 42.96; mid= 27.83

WTI Crude Oil
-no change (below mid)
trend=no
direction=down (2 bars)
low= 92.90
rev= 100.50; mid= 96.70


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 86.76; rev= 121.95; mid= 104.36

Sugar #11
new low 15.11
trend=down
low= 15.11
rev= 16.08; mid= 15.60



monthly info new low 16.41
trend=down
low= 16.41; rev= 18.42; mid= 17.42

30 Year Yield
-no change (below mid)
trend=no
direction=up (2 bars)
high= 39.43
rev= 35.93; mid= 37.68


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

10 Year Yield
-change (below mid)
trend=no
direction=up (1 bar)
high= 30.06
rev= 25.03; mid= 27.55


monthly info new high 30.26
trend=up
high= 30.26; rev= 24.78; mid= 27.52

Silver
-no change (below mid)
trend=no
direction=down (2 bars)
low= 19.45
rev= 23.92; mid= 21.69


monthly info new low 19.38
trend=down
low= 19.38; rev= 24.30; mid= 21.84

EURUSD
-change (above mid)
trend=no
direction=down (2 bars)
low= 1.3355
rev= 1.3806; mid= 1.3581


monthly info MONTHLY CONFIRMATION new high 1.3788
trend=no; direction=up (2 bars)
high= 1.3788; rev= 1.2349; mid= 1.3069

GS (Goldman Sachs)
WEEKLY REVERSAL new low 167.64
trend=no
direction=down (1 bar)
low= 167.64
rev= 178.39; mid= 173.02


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

Lumber
-change (below mid)
trend=no
direction=up (2 bars)
high= 378.40
rev= 349.20; mid= 363.80


monthly info -no change (above mid)
trend=down
low= 295.70; rev= 378.80; mid= 337.25

Baltic Dry Index
WEEKLY CONFIRMATION new low 1271.00
trend=no
direction=down (2 bars)
low= 1271.00
rev= 2330.00; mid= 1800.50


monthly info -change (above mid)
trend=down
low= 680.00; rev= 3217.00; mid= 1948.50

XLF
WEEKLY REVERSAL new low 21.11
trend=no
direction=down (1 bar)
low= 21.11
rev= 22.03; mid= 21.57


monthly info new high 21.90
trend=up
high= 21.90; rev= 20.49; mid= 21.20

AUDJPY
-change (below mid)
trend=up
high= 0.9424
rev= 0.8769; mid= 0.9097



monthly info -no change (below mid)
trend=down
low= 0.8671; rev= 1.0071; mid= 0.9371

YEN
-no change (below mid)
trend=no
direction=down (2 bars)
low= 0.95150
rev= 1.05100; mid= 1.00125


monthly info new low 0.95150
trend=down
low= 0.95150; rev= 1.02600; mid= 0.98875

GSCI (Ishares)
-no change (below mid)
trend=no
direction=up (1 bar)
high= 33.89
rev= 30.40; mid= 32.15


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 30.19; rev= 38.94; mid= 32.00

CAT (Caterpillar)
WEEKLY REVERSAL new low 86.17
trend=no
direction=down (1 bar)
low= 86.17
rev= 91.44; mid= 88.81


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

AA (Alcoa)
new high 11.44
trend=up
high= 11.44
rev= 9.94; mid= 10.69



monthly info new high 10.63
trend=up
high= 10.63; rev= 7.82; mid= 9.23

Copper
-no change (above mid)
trend=up
high= 3.385
rev= 3.109; mid= 3.247



monthly info -no change (below mid)
trend=no
low= 3.072; rev= 4.612; mid= 3.842

AAPL (Apple Computer)
-change (above mid)
trend=up
high= 560.09
rev= 525.96; mid= 543.03



monthly info MONTHLY CONFIRMATION new high 561.02
trend=no; direction=up (2 bars)
high= 561.02; rev= 396.53; mid= 478.78

BIDU (Baidu)
WEEKLY OCNFIRMATION new low 161.37
trend=no
direction=down (2 bars)
low= 161.37; rev= 179.66; mid= 170.52

JPM (JP Morgan Chase)
WEEKLY REVERSAL new low 55.09
trend=no
direction=down (1 bar)
low= 55.09; rev= 58.66; mid= 56.88

BAC (Bank of America)
-change (below mid)
trend=up
high= 17.01; rev= 15.82; mid= 16.42

WFC (Wells Fargo)
-change (below mid)
trend=up
high= 46.39; rev= 44.96; mid= 45.68

MS (Morgan Stanley)
-change (below mid)
trend=up
high=33.40; rev= 30.30; mid= 31.85

AXP (American Express)
WEEKLY REVERSAL new low 86.95
trend=no
direction=down (1 bar)
low= 86.95; rev= 90.97; mid= 88.96

AMZN (Amazon)
-no change (above mid)
trend=up
high= 402.20; rev= 369.17; mid= 385.69

M (Macy's)
-change (below mid)
trend=up
high= 56.23; rev= 53.26; mid= 54.75

BKX (KBW Bank Index)
-change (below mid)
trend=up
high= 70.77; rev= 68.35; mid= 69.56

Powershares USD Bull (UUP)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 21.90; rev= 21.34; mid= 21.62

TLT (iShares Barclays 20+ Year Treas Bond)
new high 107.48
trend=up
high= 107.48; rev= 102.92; mid= 105.20

V (Visa)
-change (below mid)
trend=up
high= 232.18; rev= 215.97; mid= 224.08

XRT (SPDR Retail ETF)
WEEKLY CONFIRMATION new low 80.95
trend=no
direction=down (2 bars)
low= 80.95; rev= 88.46; mid= 84.71

MUB (iShares S&P National AMT-Fre)
-no change (above mid)
trend=down
low= 101.23; rev= 107.30; mid= 104.27

IQI (Morgan Stanley Quality Muni)
WEEKLY CONFIRMATION new high 11.65
trend=no
direction=up (2 bars)
high= 11.65; rev= 10.80; mid= 11.23

JNK (SPDR Barclays Capital HY)
WEEKLY REVERSAL new low 40.59
trend=no
direction=down (1 bar)
low= 40.59; rev= 40.94; mid= 40.77

EURCHF
-no change (above mid)
trend=no
direction=up (2 bars)
high= 1.2492; rev= 1.1912; mid= 1.2202

USDJPY
-no change (above mid)
trend=up
high= 105.10; rev= 97.28; mid= 101.19

HYGLQD
WEEKLY CONFIRMATION new low 0.8051
trend=no
direction=down (2 bars)
low= 0.8051; rev= 0.8185; mid= 0.8118

EEM (MSCI Emerging Markets)
new low 38.24
trend=down
low= 38.24
rev= 40.48; mid= 39.36



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

Nikkei
WEEKLY REVERSAL new low 15391.56
trend=no
direction=down (1 bar)
low= 15391.56
rev= 16291.31; mid= 15841.44


monthly info new high 16291.31
trend=up
high= 16291.31; rev= 13860.86; mid= 15076.09

Hang Seng
WEEKLY CONFIRMATION new low 22450.06
trend=no
direction=down (2 bars)
low= 22450.06
rev= 23881.29; mid= 23165.68


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 23881.29; rev= 17592.41; mid= 20736.85

Shanghai Composite
-no change (below mid)
trend=no
direction=up (2 bars)
high= 2237.11
rev= 1979.21; mid= 2108.16


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 (2 bars)
high= 9742.96
rev= 9006.46; mid= 9374.71


monthly info new high 9552.16
trend=up
high= 9552.16; rev= 8594.40; mid= 9073.28

Athen
WEEKLY REVERSAL new low 1183.99
trend=no
direction=down (1 bar)
low= 1183.99
rev= 1296.39; mid= 1240.19


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 1195.68; rev= 847.57; mid= 1021.63

IBEX
-change (below mid)
trend=up
high= 10465.70
rev= 9668.50; mid= 10067.10



monthly info new high 9916.70
trend=up
high= 9916.70; rev= 8456.50; mid= 9186.60