Weekly 3LB Update 1/22/16

Weekly 3LB update (week ending 1/22/16)
a new high or low will change the reversal price and the midpoint

SPX
-no change (below mid)
trend=down
low= 1880.33
rev= 2076.78; mid= 1978.56



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 (below mid)
trend=no
direction=down (2 bars)
low= 15988.08
rev= 17910.33; mid= 16949.21


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=down
low= 6689.06
rev= 7524.64; mid= 7106.85



monthly info new low 7508.71
trend=down
low= 7508.71; rev= 8092.28; mid= 7800.50

Nasdaq Composite
-no change (below mid)
trend=down
low= 4488.42
rev= 4706.04; mid= 4597.23



monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 4620.16; rev= 5128.28; mid= 4874.22

DXY
-no change (above mid)
trend=no
direction=down (2 bars)
low= 93.14
rev= 100.33; mid= 96.74


monthly info -no change (above mid)
trend=up
high= 100.17; rev= 94.80; mid= 97.49

Gold
-change (above mid)
trend=down
low= 1056.20
rev= 1132.30; mid= 1094.25



monthly info new low 1060.20
trend=down
low= 1060.20; rev= 1172.20; mid= 1116.20

VIX
-no change (above 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 (below mid)
trend=down
low= 30.39
rev= 37.76; mid= 34.08



monthly info new low 37.04
trend=down
low= 37.04; rev= 50.72; mid= 43.88

Sugar #11
-no change (below mid)
trend=no
direction=down (1 bar)
low= 14.46
rev= 15.48; mid= 14.97


monthly info MONTHLY CONFIRMATION new high 15.24
trend=no; direction=up (2 bars)
high= 15.24; rev= 11.55; mid= 13.40

30 Year Yield
-no change (below mid)
trend=no
direction=down (2 bars)
low= 27.47
rev= 32.50; mid= 29.99


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

10 Year Yield
-no change (below mid)
trend=no
direction=down (2 bars)
low= 19.89
rev= 24.76; mid= 22.33


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

Silver
-no change (below mid)
trend=no
direction=down (1 bar)
high= 13.80
rev= 14.38; mid= 14.09


monthly info new low 13.80
trend=down
low= 13.80; rev= 14.61; mid= 14.21

EURUSD
-no change (below mid)
trend=no
direction=up (1 bar)
high= 1.1528
rev= 1.0543; mid= 1.1036


monthly info -no change (below mid)
trend=down
low= 1.0604; rev= 1.1366; mid= 1.0985

GS (Goldman Sachs)
-no change (below mid)
trend=down
low= 155.61
rev= 176.56; mid= 166.09



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 173.76; rev= 208.79; mid= 191.28

Lumber
WEEKLY REVERSAL new low 234.40
trend=no
direction=down (1 bar)
low= 234.40
rev= 255.50; mid= 244.95


monthly info -no change (above mid)
trend=down
low= 212.90; rev= 263.90; mid= 238.40

Baltic Dry Index
new low 355.00
trend=down
low= 355.00
rev= 471.00; mid= 413.00



monthly info MONTHLY REVERSAL new low 478.00
trend=no; direction=down (1 bar)
low= 478.00; rev= 1100.00; mid= 789.00

XLF
new low 21.28
trend=down
low= 21.28
rev= 22.65; mid= 21.97



monthly info -change (below mid)
trend=no; direction=down (1 bar)
low= 22.66; rev= 25.21; mid= 23.94

AUDJPY
-no change (below mid)
trend=no
direction=down (1 bar)
low= 79.98
rev= 89.76; mid= 84.87


monthly info -no change (below mid)
trend=up
high= 97.70; rev= 81.16; mid= 89.43

YEN
-no change (above mid)
trend=up
high= 0.00855
rev= 0.00810; mid= 0.00833



monthly info -change (above mid)
trend=down
low= 0.00808; rev= 0.00838; mid= 0.00823

GSCI (Ishares)
-no change (below mid)
trend=down
low= 12.55
rev= 14.31; mid= 13.43



monthly info new low 14.23
trend=down
low= 14.23; rev= 17.08; mid= 15.66

CAT (Caterpillar)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 59.87
rev= 73.84; mid= 66.86


monthly info -no change (below mid)
trend=down
low= 65.36; rev= 111.35; mid= 88.36

AA (Alcoa)
WEEKLY CONFIRMATION new low 6.87
trend=no
direction=down (2 bars)
low= 6.87
rev= 10.12; mid= 8.50


monthly info -no change (below mid)
trend=down
low= 8.93; rev= 11.15; mid= 10.04

Copper
-change (above mid)
trend=down
low= 1.944
rev= 2.058; mid= 2.001



monthly info -no change (below mid)
trend=down
low= 2.049; rev= 2.361; mid= 2.205

QQQ (Powershares QQQ)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 100.84
rev= 115.14; mid= 107.99


monthly info -no change (above 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= 163.92; rev= 208.30; mid= 186.11

JPM (JP Morgan Chase)
new low 56.95
trend=down
low= 56.95; rev= 64.25; mid= 60.60

BAC (Bank of America)
WEEKLY CONFIRMATION new low 13.56
trend=no
direction=down (2 bars)
low= 13.56; rev= 18.10; mid= 15.83

WFC (Wells Fargo)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 48.82; rev= 55.85; mid= 52.34

MS (Morgan Stanley)
new low 25.61
trend=down
low= 25.61; rev= 31.29; mid= 28.45

AXP (American Express)
new low 55.06
trend=down
low= 55.06; rev= 67.87; mid= 61.47

AMZN (Amazon)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 570.18; rev= 675.89; mid= 623.04

M (Macy's)
WEEKLY REVERSAL new high 41.35
trend=no
direction=up (1 bar)
high= 41.35; rev= 34.87; mid= 38.11

Powershares USD Bull (UUP)
-no change (above mid)
trend=no
direction=down (1 bar)
low= 24.51; rev= 26.49; mid= 25.50

TLT (iShares Barclays 20+ Year Treas Bond)
-no change (above mid)
trend=up
high= 126.40; rev= 117.60; mid= 122.00

V (Visa)
-no change (below mid)
trend=down
low= 71.83; rev= 80.19; mid= 76.01

XRT (SPDR Retail ETF)
-no change (below mid)
trend=no
direction=down (2 bars)
low= 39.41; rev= 45.56; mid= 42.49

MUB (iShares S&P National AMT-Fre)
-no change (above mid)
trend=up
high= 111.35; rev= 110.55; mid= 110.95

IQI (Morgan Stanley Quality Muni)
-change (above mid)
trend=up
high= 12.89; rev= 12.56; mid= 12.73

JNK (SPDR Barclays Capital HY)
-no change (below mid)
trend=down
low= 32.73; rev= 33.69; mid= 33.21

USDJPY
-no change (below mid)
trend=down
low= 116.89; rev= 123.45; mid= 120.17

EEM (MSCI Emerging Markets)
-no change (below mid)
trend=down
low= 28.45
rev= 32.14; mid= 30.30



monthly info new low 32.19
trend=down
low= 32.19; rev= 35.10; mid= 33.65

Nikkei
new low 16958.53
trend=down
low= 16958.53
rev= 19879.81; mid= 18419.17



monthly info -no change (above mid)
trend=no; direction=down (1 bar)
low= 17388.15; rev= 20563.15; mid= 18975.65

Hang Seng
new low 19080.51
trend=down
low= 19080.51
rev= 20840.61; mid= 19960.56



monthly info -no change (below mid)
trend=down
low= 21506.09; rev= 24900.89; mid= 23203.49

Shanghai Composite
-no change (below mid)
trend=no
direction=down (2 bars)
low= 2902.22
rev= 3630.82; mid= 3266.52


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 3053.32; rev= 4619.13; mid= 3833.26

DAX
-no change (below mid)
trend=down
low= 9545.27
rev= 10752.10; mid= 10148.69



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

Athen
new low 534.34
trend=down
low= 534.34
rev= 607.56; mid= 570.95



monthly info new low 631.35
trend=down
low= 631.35; rev= 826.18; mid= 728.77

IBEX
-no change (below mid)
trend=no
direction=down (2 bars)
low= 8543.60
rev= 10476.30; mid= 9509.95


monthly info new low 9544.20
trend=down
low= 9544.20; rev= 11178.30; mid= 10361.25