Sunday, March 6, 2016

Weekly 3LB Update 3/4/16

Weekly 3LB update (week ending 3/4/16)
a new high or low will change the reversal price and the midpoint

SPX
WEEKLY CONFIRMATION new high 1999.99
trend=no
direction=up (2 bars)
high= 1999.99
rev= 1864.78; mid= 1932.39


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


Dow Jones
-change (above mid)
trend=down
low= 15973.84
rev= 17663.54; mid= 16818.69



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


Dow Jones Transportation Avg
WEEKLY REVERSAL new high 7651.85
trend=no
direction=up (1 bar)
high= 7651.85
rev= 6689.06; mid= 7170.46


monthly info -no change (below mid)
trend=down
low= 6906.76; rev= 7845.15; mid= 7375.96


Nasdaq Composite
WEEKLY REVERSAL new high 4717.02
trend=no
direction=up (1 bar)
high= 4717.02
rev= 4337.51; mid= 4527.27


monthly info new low 4557.95
trend=down
low= 4557.95; rev= 4776.51; mid= 4667.23


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
WEEKLY REVERSAL new high 1270.70
trend=up
high= 1270.70
rev= 1076.50; mid= 1173.60



monthly info WEEKLY REVERSAL new high 1234.40
trend=no; direction=up (1 bar)
high= 1234.40; rev= 1060.70; mid= 1147.55


VIX
-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
-change (above mid)
trend=down
low= 31.75
rev= 36.39; mid= 34.07



monthly info -no change (below mid)
trend=down
low= 33.62; rev= 48.76; mid= 41.19


Sugar #11
WEEKLY REVERSAL new high 14.83
trend=no
direction=up (1 bar)
high= 14.83
rev= 12.67; mid= 13.75


monthly info -change (above mid)
trend=no; direction=up (2 bars)
high= 15.24; rev= 11.55; mid= 13.40


30 Year Yield
-no change (below mid)
trend=down
low= 26.05
rev= 28.28; mid= 27.17



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= 17.48
rev= 19.89; mid= 18.69



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


Silver
-change (above mid)
trend=no
direction=up (2 bars)
high= 15.79
rev= 13.80; mid= 14.80


monthly info MONTHLY REVERSAL new high 14.91
trend=no; direction=up (1 bar)
high= 14.91; rev= 13.84; mid= 14.38


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= 146.13
rev= 175.49; mid= 160.81



monthly info new low 149.53
trend=down
low= 149.53; rev= 188.60; mid= 169.07


Lumber
WEEKLY CONFIRMATION new high 275.70
trend=no
direction=up (2 bars)
high= 275.70
rev= 234.40; mid= 255.05


monthly info MONTHLY REVERSAL new high 254.00
trend=no; direction=up (1 bar)
high= 254.00; rev= 201.00; mid= 227.50


Baltic Dry Index
-no change (above mid)
trend=down
low= 290.00
rev= 355.00; mid= 322.50



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


XLF
WEEKLY REVERSAL new high 22.28
trend=no
direction=up (1 bar)
high= 22.28
rev= 20.49; mid= 21.39


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 21.72; rev= 25.21; mid= 23.47


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



monthly info MONTHLY REVERSAL new low 80.43
trend=no; direction=down (1 bar)
low= 80.43; rev= 97.07; mid= 88.75


YEN
-no change (above mid)
trend=up
high= 0.00889
rev= 0.00855; mid= 0.00872



monthly info MONTHLY REVERSAL new high 0.00887
trend=no; direction=up (1 bar)
low= 0.00887; rev= 0.00810; mid= 0.00849


GSCI (Ishares)
-change (above mid)
trend=down
low= 12.55
rev= 14.31; mid= 13.43



monthly info new low 13.20
trend=down
low= 13.20; rev= 15.51; mid= 14.36


CAT (Caterpillar)
-no change (above 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= 62.24; rev= 91.00; mid= 76.62


AA (Alcoa)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 6.87
rev= 10.12; mid= 8.50


monthly info -change (above mid)
trend=down
low= 7.29; rev= 9.87; mid= 8.58


Copper
new high 2.274
trend=up
high= 2.274
rev= 2.073; mid= 2.174



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=down
low= 98.02
rev= 114.79; mid= 106.41



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



BIDU (Baidu)
WEEKLY CONFIRMATION new high 178.55
trend=no
direction=up (2 bars)
high= 178.55; rev= 145.34; mid= 161.95

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

BAC (Bank of America)
-change (above mid)
trend=down
low= 11.95; rev= 14.46; mid= 13.21

WFC (Wells Fargo)
WEEKLY REVERSAL new high 50.11
trend=no
direction=up (1 bar)
high= 50.11; rev= 47.31; mid= 48.71

MS (Morgan Stanley)
WEEKLY REVERSAL new high 26.13
trend=no
direction=up (1 bar)
high= 26.13; rev= 23.09; mid= 24.61

AXP (American Express)
-change (above mid)
trend=down
low= 52.66; rev= 62.91; mid= 57.79

AMZN (Amazon)
-no change (below mid)
trend=down
low= 502.13; rev= 673.26; mid= 587.70

M (Macy's)
new high 44.58
trend=up
high= 44.58; rev= 36.76; mid= 40.67

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

TLT (iShares Barclays 20+ Year Treas Bond)
-change (below mid)
trend=up
high= 131.50; rev= 126.40; mid= 128.95

V (Visa)
WEEKLY REVERSAL new high 73.90
trend=no
direction=up (1 bar)
high= 73.90; rev= 70.42; mid= 72.16

XRT (SPDR Retail ETF)
-no change (above mid)
trend=down
low= 39.11; rev= 44.94; mid= 42.03

MUB (iShares S&P National AMT-Fre)
WEEKLY REVERSAL new low 110.70
trend=no
direction=down (1 bar)
low= 110.70; rev= 111.87; mid= 111.29

IQI (Morgan Stanley Quality Muni)
-no change (above mid)
trend=up
high= 13.02; rev= 12.69; mid= 12.86

JNK (SPDR Barclays Capital HY)
WEEKLY REVERSAL new high 33.81
trend=no
direction=up (1 bar)
high= 33.81; rev= 32.00; mid= 32.91

USDJPY
-no change (below mid)
trend=down
low= 112.49; rev= 116.89; mid= 114.69



EEM (MSCI Emerging Markets)
WEEKLY REVERSAL new high 32.82
trend=no
direction=up (1 bar)
high= 32.82
rev= 28.45; mid= 30.64


monthly info -no change (below mid)
trend=down
low= 30.57; rev= 33.84; mid= 32.21


Nikkei
-no change (above mid)
trend=down
low= 14952.61
rev= 17147.11; mid= 16049.86



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


Hang Seng
-change (above mid)
trend=down
low= 18319.58
rev= 20453.71; mid= 19386.65



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=down
low= 8967.51
rev= 9849.34; mid= 9408.43



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


Athen
-no change (above mid)
trend=down
low= 454.29
rev= 558.45; mid= 506.37



monthly info new low 516.71
trend=down
low= 516.71; rev= 633.81; mid= 575.26


IBEX
-change (above mid)
trend=down
low= 7920.80
rev= 8909.20; mid= 8415.00



monthly info new low 8461.40
trend=down
low= 8461.40; rev= 9559.90; mid= 9010.65