Weekly 3LB Update 5/20/16

Weekly 3LB update (week ending 5/20/16)
a new high or low will change the reversal price and the midpoint

SPX
-no change (below mid)
trend=no
direction=down (1 bar)
low= 2046.61
rev= 2091.58; mid= 2069.10


monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 1920.03; rev= 2107.39; mid= 2013.71

Dow Jones
-no change (above mid)
trend=up
high= 18003.75
rev= 15988.08; mid= 16995.92



monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 16284.70; rev= 18132.70; mid= 17208.70

Dow Jones Transportation Avg
-no change (below mid)
trend=no
direction=down (1 bar)
low= 7507.31
rev= 8085.98; mid= 7796.65


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 7944.11; rev= 6906.76; mid= 7425.44

Nasdaq Composite
-no change (below mid)
trend=no
direction=down (2 bars)
low= 4717.68
rev= 4938.22; mid= 4827.95


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 4869.85; rev= 4557.95; mid= 4713.90

DXY
-no change (below mid)
trend=down
low= 93.14
rev= 97.61; mid= 95.38



monthly info MONTHLY CONFIRMATION new low 93.08
trend=no; direction=down (2 bars)
low= 93.08; rev= 100.17; mid= 96.63

Gold
-change (below mid)
trend=up
high= 1294.00
rev= 1241.10; mid= 1267.55



monthly info MONTHLY CONFIRMATION new high 1290.50
trend=no; direction=up (2 bars)
high= 1290.50; rev= 1062.40; mid= 1176.45

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
new high 48.41
trend=up
high= 48.41
rev= 44.41; mid= 46.41



monthly info -change (above mid)
trend=down
low= 36.64; rev= 49.00; mid= 42.82

Sugar #11
new high 17.07
trend=up
high= 17.07
rev= 16.13; mid= 16.60



monthly info new high 16.32
trend=up
high= 16.32; rev= 15.06; mid= 15.69

30 Year Yield
-change (above mid)
trend=down
low= 25.53
rev= 26.82; mid= 26.18



monthly info -no change (below mid)
trend=down
low= 22.51; rev= 46.41; mid= 34.46

10 Year Yield
-change (above mid)
trend=down
low= 17.05
rev= 18.48; mid= 17.77



monthly info -no change (below mid)
trend=down
low= 16.75; rev= 23.35; mid= 20.05

Silver
-change (below mid)
trend=up
high= 17.83
rev= 15.88; mid= 16.86



monthly info new high 17.83
trend=up
high= 17.83; rev= 14.18; mid= 16.01

EURUSD
-no change (above mid)
trend=no
direction=up (1 bar)
high= 1.1559
rev= 1.0574; mid= 1.1067


monthly info MONTHLY CONFIRMATION new high 1.1465
trend=no; direction=up (2 barS)
high= 1.1465; rev= 1.0635; mid= 1.1050

GS (Goldman Sachs)
-no change (below mid)
trend=down
low= 146.13
rev= 175.49; mid= 160.81



monthly info -no change (below mid)
trend=down
low= 149.53; rev= 188.60; mid= 169.07

Lumber
-change (below mid)
trend=up
high= 320.50
rev= 302.20; mid= 311.35



monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 310.70; rev= 213.00; mid= 261.85

Baltic Dry Index
-change (above mid)
trend=up
high= 710.00
rev= 517.00; mid= 613.50



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 325.00; rev= 1100.00; mid= 712.50

XLF
-change (above mid)
trend=up
high= 23.55
rev= 22.49; mid= 23.02



monthly info -change (above mid)
trend=down
low= 21.09; rev= 24.40; mid= 22.75

AUDJPY
-no change (below mid)
trend=no
direction=down (2 bars)
low= 78.69
rev= 89.19; mid= 83.94


monthly info -no change (below mid)
trend=no; direction=up (2 bars)
high= 96.50; rev= 79.49; mid= 88.00

YEN
-change (below mid)
trend=up
high= 0.00938
rev= 0.00891; mid= 0.00915



monthly info new high 0.00938
trend=up
high= 0.00938; rev= 0.00812; mid= 0.00875

GSCI (Ishares)
new high 15.39
trend=up
high= 15.39
rev= 13.42; mid= 14.41



monthly info -change (above mid)
trend=down
low= 13.20; rev= 15.51; mid= 14.36

CAT (Caterpillar)
-no change (below mid)
trend=up
high= 79.17
rev= 63.29; mid= 71.23



monthly info -change (above mid)
trend=down
low= 62.24; rev= 91.00; mid= 76.62

AA (Alcoa)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 11.17
rev= 6.87; mid= 9.02


monthly info MONTHLY REVERSAL new high 11.17
trend=no; direction=up (1 bar)
high= 11.17; rev= 7.29; mid= 9.23

Copper
new low 2.056
trend=down
low= 2.056
rev= 2.283; mid= 2.170



monthly info -change (above mid)
trend=down
low= 2.063; rev= 2.375; mid= 2.219

QQQ (Powershares QQQ)
-change (above mid)
trend=down
low= 98.02
rev= 114.79; mid= 106.41



monthly info -change (below mid)
trend=no; direction=up (2 bars)
high= 114.02; rev= 101.76; mid= 107.89



BIDU (Baidu)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 159.75; rev= 194.30; mid= 177.03

JPM (JP Morgan Chase)
-no change (above mid)
trend=down
low= 56.95; rev= 64.25; mid= 60.60

BAC (Bank of America)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 15.11; rev= 11.95; mid= 13.53

WFC (Wells Fargo)
-change (above mid)
trend=no
direction=up (1 bar)
high= 50.62; rev= 47.07; mid= 48.85

MS (Morgan Stanley)
-change (above mid)
trend=up
high= 27.70; rev= 24.35; mid= 26.03

AXP (American Express)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 65.93; rev= 52.66; mid= 59.30

AMZN (Amazon)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 709.92; rev= 502.13; mid= 606.03

M (Macy's)
-no change (below mid)
trend=down
low= 31.22; rev= 39.68; mid= 35.45

Powershares USD Bull (UUP)
-no change (below mid)
trend=down
low= 24.10; rev= 25.80; mid= 24.95

TLT (iShares Barclays 20+ Year Treas Bond)
-change (below mid)
trend=up
high= 132.28; rev= 128.72; mid= 130.50

V (Visa)
-change (above mid)
trend=up
high= 80.08; rev= 74.14; mid= 77.11

XRT (SPDR Retail ETF)
-no change (below mid)
trend=up
high= 46.12; rev= 39.41; mid= 42.77

MUB (iShares S&P National AMT-Fre)
-no change (above mid)
trend=up
high= 112.78; rev= 112.17; mid= 112.48

IQI (Morgan Stanley Quality Muni)
WEEKLY REVERSAL new low 13.25
trend=no
direction=down (1 bar)
low= 13.25; rev= 13.56; mid= 13.41

JNK (SPDR Barclays Capital HY)
-change (above mid)
trend=up
high= 35.30; rev= 34.54; mid= 34.92

USDJPY
-change (above mid)
trend=down
low= 106.63; rev= 112.20; mid= 109.42

EEM (MSCI Emerging Markets)
new low 32.21
trend=down
low= 32.21
rev= 34.15; mid= 33.18



monthly info MONTHLY CONFIRMATION new high 34.39
trend=no; direction=up (2 bars)
high= 34.39; rev= 30.32; mid= 32.36

Nikkei
-no change (above mid)
trend=no
direction=up (1 bar)
high= 17572.49
rev= 14952.61; mid= 16262.55


monthly info new low 16666.05
trend=down
low= 16666.05; rev= 19520.01; mid= 18093.03

Hang Seng
-no change (below mid)
trend=up
high= 21467.04
rev= 19080.51; mid= 20273.78



monthly info -no 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
-no change (above mid)
trend=up
high= 10373.49
rev= 9286.23; mid= 9829.86



monthly info -no change (below mid)
trend=no; direction=down (1 bar)
low= 9660.44; rev= 11966.17; mid= 10813.31

Athen
new high 639.48
trend=up
high= 639.48
rev= 574.73; mid= 607.11



monthly info -no change (above mid)
trend=down
low= 516.71; rev= 633.81; mid= 575.26

IBEX
-no change (above mid)
trend=no
direction=up (2 bars)
high= 9232.80
rev= 7920.80; mid= 8576.80


monthly info -change (above mid)
trend=down
low= 8461.40; rev= 9559.90; mid= 9010.65