Weekly 3LB Update 12/30/16

Weekly 3LB update (week ending 12/30/16)
a new high or low will change the reversal price and the midpoint

SPX
-no change (above mid)
trend=up
high= 2263.79
rev= 2126.41; mid= 2195.10



monthly info new high 2238.83
trend=up
high= 2238.83; rev= 1972.18; mid= 2105.51

Dow Jones
-no change (above mid)
trend=up
high= 19933.81
rev= 19170.42; mid= 19552.12



monthly info new high 19762.60
trend=up
high= 19762.60; rev= 16528.03; mid= 18145.32

Dow Jones Transportation Avg
-change (below mid)
trend=up
high= 9407.19
rev= 8856.47; mid= 9131.83



monthly info new high 9043.90
trend=up
high= 9043.90; rev= 7944.11; mid= 8494.01

Nasdaq Composite
-change (below mid)
trend=up
high= 5462.69
rev= 5321.51; mid= 5392.10



monthly info new high 5383.12
trend=up
high= 5383.12; rev= 5213.22; mid= 5298.17

DXY
-no change (above mid)
trend=up
high= 102.95
rev= 101.21; mid= 102.08



monthly info MONTHLY CONFIRMATION new high 102.21
trend=no; direction=up (2 bars)
high= 102.21; rev= 93.08; mid= 97.65

Gold
-no change (below mid)
trend=down
low= 1133.60
rev= 1177.80; mid= 1155.70



monthly info MONTHLY CONFIRMATION new low 1151.70
trend=no; direction=down (2 bars)
low= 1151.70; rev= 1360.50; mid= 1256.10

VIX
-no change (below mid)
trend=up
high= 28.03
rev= 10.73; mid= 19.38



monthly info -no change (below mid)
trend=down
low= 11.40; rev= 32.07; mid= 21.74

WTI Crude Oil
WEEKLY CONFIRMATION new high 53.72
trend=no
direction=up (2 bars)
high= 53.72
rev= 44.97; mid= 49.35


monthly info -no change (above mid)
trend=down
low= 41.92; rev= 54.28; mid= 48.10

Sugar #11
-change (above mid)
trend=down
low= 18.15
rev= 19.84; mid= 19.00



monthly info -no change (below mid)
trend=up
high= 23.00; rev= 17.09; mid= 20.05

30 Year Yield
-change (below mid)
trend=up
high= 31.48
rev= 30.22; mid= 31.03



monthly info MONTHLY CONFIRMATION new high 30.63
trend=no; direction=up (2 bars)
high= 30.63; rev= 21.82; mid= 26.23

10 Year Yield
-change (below mid)
trend=up
high= 25.97
rev= 23.72; mid= 24.85



monthly info MONTHLY CONFIRMATION new high 24.46
trend=no; direction=up (2 bars)
high= 24.46; rev= 14.58; mid= 19.52

Silver
-no change (below mid)
trend=down
low= 15.76
rev= 16.70; mid= 16.23



monthly info -no change (below mid)
trend=up
high= 20.52; rev= 15.73; mid= 18.13

EURUSD
-no change (below mid)
trend=no
direction=down (1 bar)
low= 1.0165
rev= 1.1683; mid= 1.0924


monthly info MONTHLY CONFIRMATION new low 1.0574
trend=no; direction=down (2 bars)
low= 1.0574; rev= 1.1589; mid= 1.1082

GS (Goldman Sachs)
-no change (above mid)
trend=up
high= 241.85
rev= 210.35; mid= 226.10



monthly info new high 239.45
trend=up
high= 239.45; rev= 149.53; mid= 194.49

Lumber
-no change (below mid)
trend=down
low= 307.70
rev= 334.40; mid= 321.05



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 270.50; rev= 394.40; mid= 332.45

Baltic Dry Index
-no change (below mid)
trend=up
high= 1231.00
rev= 792.00; mid= 1011.50



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 1202.00; rev= 325.00; mid= 763.50

XLF
-no change (above mid)
trend=up
high= 23.75
rev= 22.16; mid= 22.96



monthly info MONTHLY CONFIRMATION new high 23.25
trend=no; direction=up (2 bars)
high= 23.25; rev= 17.11; mid= 20.18

AUDJPY
-no change (below mid)
trend=up
high= 85.57
rev= 83.44; mid= 84.51



monthly info -change (below mid)
trend=down
low= 75.44; rev= 92.16; mid= 83.80

YEN
-no change (below mid)
trend=down
low= 0.00851
rev= 0.00888; mid= 0.00870



monthly info MONTHLY CONFIRMATION new low 0.00860
trend=no; direction=down (2 bars)
low= 0.00860; rev= 0.00992; mid= 0.00926

GSCI (Ishares)
new high 15.67
trend=up
high= 15.67
rev= 15.32; mid= 15.50



monthly info MONTHLY CONFIRMATION new high 15.67
trend=no; direction=up (2 bars)
high= 15.67; rev= 13.20; mid= 14.44

CAT (Caterpillar)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 95.81
rev= 82.31; mid= 89.06


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 95.56; rev= 62.24; mid= 78.90

AA (Alcoa)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 33.51
rev= 20.61; mid= 27.06


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 33.51; rev= 21.87; mid= 27.69

Copper
-no change (above mid)
trend=up
high= 2.682
rev= 2.097; mid= 2.390



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 2.633; rev= 2.086; mid= 2.360

QQQ (Powershares QQQ)
WEEKLY REVERSAL new low 118.48
trend=no
direction=down (1 bar)
low= 118.48
rev= 120.20; mid= 119.34


monthly info -no change (above mid)
trend=up
high= 118.72; rev= 114.02; mid= 116.37



BIDU (Baidu)
-no change (below mid)
trend=down
low= 159.12; rev= 193.22; mid= 176.17

JPM (JP Morgan Chase)
-no change (above mid)
trend=up
high= 87.05; rev= 78.83; mid= 82.94

BAC (Bank of America)
-no change (above mid)
trend=up
high= 23.09; rev= 20.00; mid= 21.55

WFC (Wells Fargo)
-no change (above mid)
trend=up
high= 57.14; rev= 51.73; mid= 48.55

MS (Morgan Stanley)
-no change (above mid)
trend=up
high= 43.73; rev= 40.43; mid= 42.08

AXP (American Express)
-no change (above mid)
trend=up
high= 75.00; rev= 71.00; mid= 73.00

AMZN (Amazon)
-no change (below mid)
trend=down
low= 739.01; rev= 837.31; mid= 788.16

M (Macy's)
new low 35.81
trend=down
low= 35.81; rev= 43.03; mid= 39.42

Powershares USD Bull (UUP)
-no change (above mid)
trend=up
high= 26.63; rev= 26.19; mid= 26.41

TLT (iShares Barclays 20+ Year Treas Bond)
-change (above mid)
trend=down
low= 117.14; rev= 120.82; mid= 118.98

V (Visa)
-no change (below mid)
trend=down
low= 75.72; rev= 82.70; mid= 79.21

XRT (SPDR Retail ETF)
new low 44.07
trend=down
low= 44.07; rev= 46.64; mid= 45.36

MUB (iShares S&P National AMT-Fre)
-no change (below mid)
trend=down
low= 106.78; rev= 109.62; mid= 108.20

IQI (Morgan Stanley Quality Muni)
-no change (below mid)
trend=down
low= 12.18; rev= 13.04; mid= 12.61

JNK (SPDR Barclays Capital HY)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 35.13; rev= 36.84; mid= 35.99

EEM (MSCI Emerging Markets)
-no change (below mid)
trend=down
low= 34.28
rev= 36.88; mid= 35.58



monthly info -no change (below mid)
trend=up
high= 37.45; rev= 34.39; mid= 35.92

Nikkei
-no change (above mid)
trend=up
high= 19427.67
rev= 18426.08; mid= 18926.88



monthly info new high 19114.30
trend=up
high= 19114.30; rev= 16666.05; mid= 17890.18

Hang Seng
-no change (below mid)
trend=down
low= 21574.76
rev= 22531.09; mid= 22052.93



monthly info -change (below mid)
trend=down
low= 19683.11; rev= 24497.98; mid= 22090.55

Shanghai Composite
-no change (below mid)
trend=down
low= 2737.65
rev= 3589.76; mid= 3163.71



monthly info -no change (below mid)
trend=down
low= 2737.65; rev= 4442.40; mid= 3590.03

DAX
new high 11481.06
trend=up
high= 11481.06
rev= 11203.63; mid= 11342.35



monthly info -change (above mid)
trend=no; direction=down (2 bars)
low= 9495.40; rev= 11966.17; mid= 10730.79

Athen
-no change (above mid)
trend=no
direction=down (2 bars)
low= 534.78
rev= 648.63; mid= 591.71


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 646.97; rev= 516.71; mid= 581.84

IBEX
-no change (above mid)
trend=no
direction=up (1 bar)
high= 9412.80
rev= 7787.70; mid= 8600.25


monthly info -change (above mid)
trend=down
low= 8163.30; rev= 9544.20; mid= 8853.75

Weekly 3LB Update 12/16/16

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

SPX
WEEKLY CONFIRMATION new high 2259.53
trend=no
direction=up (2 bars)
high= 2259.53
rev= 2085.18; mid= 2172.36


monthly info MONTHLY CONFIRMATION new high 2198.81
trend=no; direction=up (2 bars)
high= 2198.81; rev= 1920.03; mid= 2059.42

Dow Jones
new high 19843.41
trend=up
high= 19843.41
rev= 19152.14; mid= 19497.78



monthly info MONTHLY CONFIRMATION new high 19123.58
trend=up
high= 19123.58; rev= 16284.70; mid= 17704.14

Dow Jones Transportation Avg
-no change (above mid)
trend=up
high= 9407.19
rev= 8856.47; mid= 9131.83



monthly info new high 8981.65
trend=up
high= 8981.65; rev= 7508.71; mid= 8245.18

Nasdaq Composite
new high 5444.50
trend=up
high= 5444.50
rev= 5305.75; mid= 5375.13



monthly info new high 5323.68
trend=up
high= 5323.68; rev= 5162.13; mid= 5242.91

DXY
new high 102.95
trend=up
high= 102.95
rev= 101.21; mid= 102.08



monthly info MONTHLY REVERSAL new high 101.50
trend=no; direction=up (1 bar)
high= 101.50; rev= 93.08; mid= 97.29

Gold
new low 1137.40
trend=down
low= 1137.40
rev= 1181.40; mid= 1159.40



monthly info MONTHLY REVERSAL new low 1173.90
trend=no; direction=down (1 bar)
low= 1173.90; rev= 1360.50; mid= 1267.20

VIX
-no change (below mid)
trend=up
high= 28.03
rev= 10.73; mid= 19.38



monthly info -no change (below mid)
trend=down
low= 11.40; rev= 32.07; mid= 21.74

WTI Crude Oil
-no change (above mid)
trend=down
low= 44.97
rev= 53.01; mid= 48.99



monthly info -no change (above mid)
trend=down
low= 41.92; rev= 54.28; mid= 48.10

Sugar #11
new low 18.22
trend=down
low= 18.22
rev= 20.15; mid= 19.19



monthly info -change (below mid)
trend=up
high= 23.00; rev= 17.09; mid= 20.05

30 Year Yield
new high 31.84
trend=up
high= 31.48
rev= 30.22; mid= 31.03



monthly info MONTHLY REVERSAL new high 30.17
trend=no; direction=up (1 bar)
high= 30.17; rev= 21.82; mid= 26.00

10 Year Yield
new high 25.97
trend=up
high= 25.97
rev= 23.72; mid= 24.85



monthly info MONTHLY REVERSAL new high 23.68
trend=no; direction=up (1 bar)
high= 23.68; rev= 14.58; mid= 19.13

Silver
new low 16.21
trend=down
low= 16.21
rev= 17.45; mid= 16.83



monthly info -no change (below mid)
trend=up
high= 20.52; rev= 15.73; mid= 18.13

EURUSD
-no change (below mid)
trend=no
direction=down (1 bar)
low= 1.0165
rev= 1.1683; mid= 1.0924


monthly info MONTHLY REVERSAL new low 1.0651
trend=no; direction=down (1 bar)
low= 1.0651; rev= 1.1589; mid= 1.1120

GS (Goldman Sachs)
-no change (above mid)
trend=up
high= 241.85
rev= 210.35; mid= 226.10



monthly info MONTHLY CONFIRMATION new high 219.29
trend=no; direction=up (2 bars)
high= 219.29; rev= 148.58; mid= 183.94

Lumber
WEEKLY CONFIRMATION new low 309.30
trend=no
direction=down (2 bars)
low= 309.30
rev= 337.20; mid= 323.25


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 270.50; rev= 394.40; mid= 332.45

Baltic Dry Index
-change (below mid)
trend=up
high= 1231.00
rev= 792.00; mid= 1011.50



monthly info MONTHLY REVERSAL new high 1202.00
trend=no; direction=up (1 bar)
high= 1202.00; rev= 325.00; mid= 763.50

XLF
-no change (above mid)
trend=up
high= 23.75
rev= 22.16; mid= 22.96



monthly info MONTHLY REVERSAL new high 22.51
trend=no; direction=up (1 bar)
high= 22.51; rev= 17.11; mid= 19.81

AUDJPY
new high 85.57
trend=up
high= 85.57
rev= 83.44; mid= 84.51



monthly info -change (above mid)
trend=down
low= 75.44; rev= 92.16; mid= 83.80

YEN
new low 0.00851
trend=down
low= 0.00851
rev= 0.00888; mid= 0.00870



monthly info MONTHLY REVERSAL new low 0.00879
trend=no; direction=down (1 bar)
low= 0.00879; rev= 0.00992; mid= 0.00936

GSCI (Ishares)
new high 15.47
trend=up
high= 15.47
rev= 13.96; mid= 14.72



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 15.52; rev= 13.20; mid= 14.36

CAT (Caterpillar)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 95.81
rev= 82.31; mid= 89.06


monthly info MONTHLY REVERSAL new high 95.56
trend=no; direction=up (1 bar)
high= 95.56; rev= 62.24; mid= 78.90

AA (Alcoa)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 33.51
rev= 20.61; mid= 27.06


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 33.51; rev= 21.87; mid= 27.69

Copper
-no change (above mid)
trend=up
high= 2.682
rev= 2.097; mid= 2.390



monthly info MONTHLY REVERSAL new high 2.633
trend=no; direction=up (1 bar)
high= 2.633; rev= 2.086; mid= 2.360

QQQ (Powershares QQQ)
new high 119.60
trend=up
high= 119.60
rev= 117.10; mid= 118.35



monthly info -no change (above mid)
trend=up
high= 118.72; rev= 114.02; mid= 116.37



BIDU (Baidu)
-no change (below mid)
trend=down
low= 159.12; rev= 193.22; mid= 176.17

JPM (JP Morgan Chase)
-no change (above mid)
trend=up
high= 85.49; rev= 77.71; mid= 81.60

BAC (Bank of America)
-no change (above mid)
trend=up
high= 23.09; rev= 20.00; mid= 21.55

WFC (Wells Fargo)
new high 57.14
trend=up
high= 57.14; rev= 51.73; mid= 48.55

MS (Morgan Stanley)
-no change (above mid)
trend=up
high= 43.73; rev= 40.43; mid= 42.08

AXP (American Express)
new high 75.00
trend=up
high= 75.00; rev= 71.00; mid= 73.00

AMZN (Amazon)
-no change (below mid)
trend=down
low= 739.01; rev= 837.31; mid= 788.16

M (Macy's)
WEEKLY REVERSAL new low 37.47
trend=no
direction=down (1 bar)
low= 37.47; rev= 44.14; mid= 40.81

Powershares USD Bull (UUP)
new high 26.57
trend=up
high= 26.57; rev= 24.42; mid= 25.50

TLT (iShares Barclays 20+ Year Treas Bond)
new low 117.14
trend=down
low= 117.14; rev= 120.82; mid= 118.98

V (Visa)
-no change (below mid)
trend=down
low= 75.72; rev= 82.70; mid= 79.21

XRT (SPDR Retail ETF)
WEEKLY REVERSAL new low 45.91
trend=no
direction=down (1 bar)
low= 45.91; rev= 47.94; mid= 46.93

MUB (iShares S&P National AMT-Fre)
-no change (below mid)
trend=down
low= 106.78; rev= 109.62; mid= 108.20

IQI (Morgan Stanley Quality Muni)
-no change (below mid)
trend=down
low= 12.18; rev= 13.04; mid= 12.61

JNK (SPDR Barclays Capital HY)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 35.13; rev= 36.84; mid= 35.99

EEM (MSCI Emerging Markets)
-change (below mid)
trend=down
low= 34.55
rev= 37.63; mid= 36.09



monthly info -change (below mid)
trend=up
high= 37.45; rev= 34.39; mid= 35.92

Nikkei
new high 19401.15
trend=up
high= 19401.15
rev= 18381.22; mid= 18891.19



monthly info MONTHLY CONFIRMATION new high 18308.48
trend=no; direction=up (2 bars)
high= 18308.48; rev= 15575.92; mid= 16942.20

Hang Seng
new low 22020.75
trend=down
low= 22020.75
rev= 22642.62; mid= 22331.69



monthly info -no change (above mid)
trend=down
low= 19683.11; rev= 24497.98; mid= 22090.55

Shanghai Composite
-change (below mid)
trend=down
low= 2737.65
rev= 3589.76; mid= 3163.71



monthly info -no change (below mid)
trend=down
low= 2737.65; rev= 4442.40; mid= 3590.03

DAX
new high 11404.01
trend=up
high= 11404.01
rev= 10373.49; mid= 10888.75



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 9495.40; rev= 11966.17; mid= 10730.79

Athen
-no change (above mid)
trend=no
direction=down (2 bars)
low= 534.78
rev= 648.63; mid= 591.71


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 646.97; rev= 516.71; mid= 581.84

IBEX
WEEKLY REVERSAL new high 9412.80
trend=no
direction=up (1 bar)
high= 9412.80
rev= 7787.70; mid= 8600.25


monthly info -change (below mid)
trend=down
low= 8163.30; rev= 9544.20; mid= 8853.75