Weekly 3LB Update 5/23/14

Weekly 3LB update (week ending 5/23/14)
a new high or low will change the reversal price and the midpoint

SPX
new high 1900.53
trend=up
high= 1900.53
rev= 1859.45; mid= 1879.99



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

Dow Jones
new high 16606.27
trend=up
high= 16606.27
rev= 16221.14; mid= 16413.71



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

Dow Jones Transportation Avg
new high 7986.20
trend=up
high= 7986.20
rev= 7698.84; mid= 7842.52



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

Nasdaq Composite
-change (above 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
-change (above 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 (below 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
WEEKLY REVERSAL new low 11.36
trend=no
direction=down (1 bar)
low= 11.36
rev= 18.41; mid= 14.89


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 REVERSAL new high 104.35
trend=no
direction=up (1 bar)
high= 104.35
rev= 99.39; mid= 101.87


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
-no change (below mid)
trend=down
low= 33.47
rev= 34.77; mid= 34.12



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
-change (above mid)
trend=down
low= 19.12
rev= 19.59; mid= 19.36



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

EURUSD
-change (below 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)
-change (above 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
new low 317.30
trend=down
low= 317.30
rev= 335.90; mid= 326.60



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
-change (below 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)
WEEKLY REVERSAL new low 104.03
trend=no
direction=down (1 bar)
low= 104.03
rev= 106.03; mid= 105.03


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

AA (Alcoa)
-no change (above mid)
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 (above 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)
WEEKLY REVERSAL new high 89.88
trend=no
direction=up (1 bar)
high= 89.88
rev= 84.11; mid= 87.00


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

BIDU (Baidu)
-change (above 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=down (2 bars)
low= 53.31; rev= 60.17; mid= 56.74

BAC (Bank of America)
-no change (below mid)
trend=down
low= 14.51; rev= 15.77; mid= 15.14

WFC (Wells Fargo)
WEEKLY REVERSAL new high 50.16
trend=no
direction=up (1 bar)
low= 50.16; rev= 49.08; mid= 49.62

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)
-change (above mid)
trend=down
low= 292.24; rev= 323.00; mid= 307.62

M (Macy's)
-no change (above mid)
trend=down
low= 56.35; rev= 58.97; mid= 57.66

BKX (KBW Bank Index)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 66.81; rev= 72.70; mid= 69.76

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)
-no change (above mid)
trend=up
high= 113.54; rev= 110.73; mid= 112.14

V (Visa)
-no change (above 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=up
high= 108.98; rev= 107.80; mid= 108.39

IQI (Morgan Stanley Quality Muni)
new high 12.25
trend=up
high= 12.35; rev= 12.12; mid= 12.24

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

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= 105.06; 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)
new high 43.14
trend=up
high= 43.14
rev= 41.83; mid= 42.49



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
new high 9768.01
trend=up
high= 9768.01
rev= 9219.04; mid= 9493.53



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=down (1 bar)
low= 1088.25
rev= 1341.24; mid= 1214.75


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

IBEX
-no 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

Weekly 3LB Update 5/16/14

Weekly 3LB update (week ending 5/16/14)
a new high or low will change the reversal price and the midpoint

SPX
-no change (above mid)
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
-no change (above mid)
trend=no
direction=up (2 bars)
high= 16583.34
rev= 15698.85; mid= 16141.10


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

Dow Jones Transportation Avg
new high 7845.85
trend=up
high= 7845.85
rev= 7634.42; mid= 7740.14



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 (below 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
-change (above mid)
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 (above 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 33.47
trend=down
low= 33.47
rev= 34.77; mid= 34.12



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= 19.12
rev= 19.59; mid= 19.36



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 106.03
trend=up
high= 106.03
rev= 104.69; mid= 105.36



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

AA (Alcoa)
-no change (above mid)
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
-change (above 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)
-no 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)
WEEKLY CONFIRMATION new low 53.31
trend=no
direction=down (2 bars)
low= 53.31; rev= 60.17; mid= 56.74

BAC (Bank of America)
new low 14.51
trend=down
low= 14.51; rev= 15.77; mid= 15.14

WFC (Wells Fargo)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 49.08; rev= 49.58; mid= 49.33

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= 292.24; rev= 323.00; mid= 307.62

M (Macy's)
-change (above mid)
trend=down
low= 56.35; rev= 58.97; mid= 57.66

BKX (KBW Bank Index)
WEEKLY REVERSAL new low 66.81
trend=no
direction=down (1 bar)
low= 66.81; rev= 72.70; mid= 69.76

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 113.54
trend=up
high= 113.54; rev= 110.73; mid= 112.14

V (Visa)
-no change (above 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)
new high 108.98
trend=up
high= 108.98; rev= 107.80; mid= 108.39

IQI (Morgan Stanley Quality Muni)
new high 12.22
trend=up
high= 12.22; rev= 12.00; mid= 12.11

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

EURCHF
-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= 105.06; 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)
new high 42.94
trend=up
high= 42.94
rev= 41.30; mid= 42.12



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
-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
WEEKLY REVERSAL new low 1088.25
trend=no
direction=down (1 bar)
low= 1088.25
rev= 1341.24; mid= 1214.75


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

IBEX
-no 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