Weekly 3LB Update 5/2/14

Weekly 3LB update (week ending 5/2/14)
a new high or low will change the reversal price and the midpoint

SPX
new high 1881.14
trend=up
high= 1881.14
rev= 1790.29; mid= 1835.72



monthly info new high 1883.95
trend=up
high= 1883.95; rev= 1848.36; mid= 1866.16

Dow Jones
WEEKLY REVERSAL new high 16512.89
trend=no
direction=up (1 bar)
high= 16512.89
rev= 15698.85; mid= 16105.87


monthly info new high 16580.84
trend=up
high= 16580.84; rev= 15545.75; mid= 16063.30

Dow Jones Transportation Avg
-no change (above mid)
trend=up
high= 7634.42
rev= 7352.08; mid= 7493.25



monthly info new high 7672.19
trend=up
high= 7672.19; rev= 7235.69; mid= 7453.94

Nasdaq Composite
-no change (below mid)
trend=down
low= 3999.73
rev= 4308.12; mid= 4153.93



monthly info -no change (above mid)
trend=up
high= 4308.12; rev= 3919.71; mid= 4113.92

DXY
-no change (below mid)
trend=no
direction=down (1 bar)
low= 79.41
rev= 81.25; mid= 80.33


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

Gold
-no change (above mid)
trend=no
direction=down (1 bar)
low= 1203.80
rev= 1396.30; mid= 1300.05


monthly info -no change (below mid)
trend=down
low= 1202.40; rev= 1655.40; mid= 1428.90

VIX
-no change (below mid)
trend=no
direction=up (2 bars)
high= 18.41
rev= 11.98; mid= 15.20


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

WTI Crude Oil
WEEKLY CONFIRMATION new low 99.76
trend=no
direction=down (2 bars)
low= 99.76
rev= 103.37; mid= 101.57


monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 85.58; rev= 121.94; mid= 103.76

Sugar #11
-change (below mid)
trend=up
high= 18.92
rev= 16.51; mid= 17.72



monthly info -change (below mid)
trend=down
low= 16.84; rev= 18.74; mid= 17.79

30 Year Yield
new low 33.67
trend=down
low= 33.67
rev= 35.44; mid= 34.56



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=no
direction=up (1 bar)
high= 30.06
rev= 25.03; mid= 27.55


monthly info -no change (below mid)
trend=up
high= 30.26; rev= 24.78; mid= 27.52

Silver
-no change (below mid)
trend=down
low= 19.19
rev= 23.89; mid= 21.54



monthly info new low 19.17
trend=down
low= 19.17; rev= 19.62; mid= 19.40

EURUSD
-no change (above mid)
trend=up
high= 1.3903
rev= 1.3491; mid= 1.3697



monthly info new high 1.3870
trend=up
high= 1.3870; rev= 1.3593; mid= 1.3732

GS (Goldman Sachs)
-no change (below mid)
trend=down
low= 152.72
rev= 167.64; mid= 160.18



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

Lumber
-no change (below mid)
trend=no
direction=down (2 bars)
low= 328.30
rev= 362.90; mid= 345.60


monthly info -no change (above mid)
trend=down
low= 284.60; rev= 367.70; mid= 326.15

Baltic Dry Index
-no change (below mid)
trend=no
direction=down (2 bars)
low= 936.00
rev= 1621.00; mid= 1278.50


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

XLF
-no change (above mid)
trend=no
direction=up (2 bars)
high= 22.40
rev= 21.06; mid= 21.73


monthly info -no change (above mid)
trend=up
high= 22.34; rev= 20.57; mid= 21.46

AUDJPY
-no change (above mid)
trend=up
high= 0.9549
rev= 0.9289; mid= 0.9419



monthly info -no change (above 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 -no change (below mid)
trend=down
low= 0.95150; rev= 1.02600; mid= 0.98875

GSCI (Ishares)
-no change (above 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)
new high 105.01
trend=up
high= 105.01
rev= 102.17; mid= 103.59



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

AA (Alcoa)
new high 13.72
trend=up
high= 13.72
rev= 12.48; mid= 13.10



monthly info new high 13.47
trend=up
high= 13.47; rev= 11.51; mid= 12.49

Copper
-no change (below mid)
trend=no
direction=down (1 bar)
low= 2.919
rev= 3.322; mid= 3.121


monthly info -no change (below mid)
trend=down
low= 2.994; rev= 3.184; mid= 3.089

QQQ (Powershares QQQ)
-change (above mid)
trend=down
low= 84.11
rev= 88.67; mid= 86.39



monthly info -no change (above mid)
trend=up
high= 90.34; rev= 82.79; mid= 86.57

BIDU (Baidu)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 149.35; rev= 182.04; mid= 165.70

JPM (JP Morgan Chase)
-no change (below mid)
trend=no
direction=up (2 bars)
high= 60.17; rev= 55.09; mid= 57.63

BAC (Bank of America)
new low 15.25
trend=down
low= 15.25; rev= 17.33; mid= 16.29

WFC (Wells Fargo)
-no change (above mid)
trend=up
high= 49.56; rev= 47.95; mid= 48.76

MS (Morgan Stanley)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 28.47; rev= 33.40; mid= 30.94

AXP (American Express)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 84.54; rev= 93.86; mid= 89.20

AMZN (Amazon)
-no change (below mid)
trend=down
low= 303.83; rev= 338.29; mid= 321.06

M (Macy's)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 56.80; rev= 59.74; mid= 58.27

BKX (KBW Bank Index)
-no change (below mid)
trend=no
direction=up (2 bars)
high= 72.70; rev= 67.33; mid= 70.02

Powershares USD Bull (UUP)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 21.27; rev= 21.90; mid= 21.59

TLT (iShares Barclays 20+ Year Treas Bond)
new high 112.71
trend=up
high= 112.71; rev= 109.37; mid= 111.04

V (Visa)
-no change (below mid)
trend=down
low= 196.63; rev= 215.43; mid= 206.03

XRT (SPDR Retail ETF)
-no change (below mid)
trend=down
low= 79.85; rev= 88.03; mid= 83.94

MUB (iShares S&P National AMT-Fre)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 108.11; rev= 101.23; mid= 104.67

IQI (Morgan Stanley Quality Muni)
new high 12.12
trend=up
high= 12.12; rev= 11.67; mid= 11.90

JNK (SPDR Barclays Capital HY)
-no change (above mid)
trend=up
high= 41.53; rev= 40.79; mid= 41.16

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

USDJPY
-no change (above mid)
trend=up
high= 105.06; rev= 97.24; mid= 101.15

HYGLQD
-no change (below mid)
trend=down
low= 0.7940; rev= 0.8080; mid= 0.8010

EEM (MSCI Emerging Markets)
-change (above mid)
trend=up
high= 41.96
rev= 40.74; mid= 40.35



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

Nikkei
-no change (below mid)
trend=no
direction=down (1 bar)
low= 13960.05
rev= 15063.77; mid= 14511.91


monthly info -no change (below mid)
trend=up
high= 16291.31; rev= 13860.86; mid= 15076.09

Hang Seng
-no change (above mid)
trend=no
direction=up (1 bar)
low= 23003.64
rev= 21436.70; mid= 22220.17


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 -no change (above mid)
trend=up
high= 9692.08; rev= 9033.92; mid= 9363.00

Athen
-no change (below mid)
trend=no
direction=up (2 bars)
high= 1341.24
rev= 1176.92; mid= 1259.08


monthly info -change (below mid)
trend=up
high= 1335.74; rev= 1188.17; mid= 1261.96

IBEX
-change (above mid)
trend=up
high= 10677.20
rev= 10001.80; mid= 10339.50



monthly info new high 10459.00
trend=up
high= 10459.00; rev= 9920.20; mid= 10189.60