Weekly 3LB Update 7/22/16

Weekly 3LB update (week ending 7/22/16)
a new high or low will change the reversal price and the midpoint

SPX
new high 2175.03
trend=up
high= 2175.03
rev= 2102.94; mid= 2138.99



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

Dow Jones
new high 18570.85
trend=up
high= 18570.85
rev= 18003.75; mid= 18287.30



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 (above mid)
trend=no
direction=down (2 bars)
low= 7320.55
rev= 8085.98; mid= 7703.27


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

Nasdaq Composite
new high 5100.16
trend=up
high= 5100.16
rev= 4736.16; mid= 4918.16



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 4948.05; rev= 4557.95; mid= 4781.00

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



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 93.08; rev= 100.17; mid= 96.63

Gold
-change (below mid)
trend=up
high= 1358.40
rev= 1292.80; mid= 1325.60



monthly info new high 1320.60
trend=up
high= 1320.60; rev= 1069.80; mid= 1195.20

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
WEEKLY CONFIRMATION new low 44.19
trend=no
direction=down (2 bars)
low= 44.19
rev= 50.56; mid= 47.38


monthly info -no change (above mid)
trend=down
low= 37.32; rev= 49.68; mid= 43.50

Sugar #11
-no change (below mid)
trend=up
high= 20.78
rev= 18.83; mid= 19.81



monthly info new high 20.33
trend=up
high= 20.33; rev= 15.59; mid= 17.96

30 Year Yield
-no change (above mid)
trend=down
low= 21.10
rev= 24.32; mid= 22.71



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

10 Year Yield
-no change (above mid)
trend=down
low= 13.66
rev= 16.18; mid= 14.92



monthly info new low 14.88
trend=down
low= 14.88; rev= 21.94; mid= 18.41

Silver
-no change (above mid)
trend=up
high= 20.16
rev= 17.86; mid= 19.01



monthly info new high 18.62
trend=up
high= 18.62; rev= 15.00; mid= 16.81

EURUSD
-no change (above mid)
trend=no
direction=down (1 bar)
low= 1.0078
rev= 1.1596; mid= 1.0837


monthly info -no change (above mid)
trend=no; direction=up (2 barS)
high= 1.1502; rev= 1.0672; mid= 1.1087

GS (Goldman Sachs)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 161.64
rev= 141.86; mid= 151.75


monthly info new low 148.58
trend=down
low= 148.58; rev= 173.76; mid= 161.17

Lumber
-no change (above mid)
trend=no
direction=up (1 bar)
high= 336.20
rev= 313.40; mid= 324.80


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 325.20; rev= 227.50; mid= 276.35

Baltic Dry Index
-no change (above mid)
trend=up
high= 738.00
rev= 597.00; mid= 667.50



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

XLF
-no change (above mid)
trend=no
direction=down (2 bars)
low= 22.08
rev= 23.81; mid= 22.95


monthly info -no change (above mid)
trend=down
low= 21.09; rev= 24.40; mid= 22.75

AUDJPY
-no change (above mid)
trend=no
direction=up (1 bar)
high= 79.80
rev= 75.67; mid= 77.74


monthly info new low 76.48
trend=down
low= 76.48; rev= 93.20; mid= 84.84

YEN
-no change (below mid)
trend=up
high= 0.00998
rev= 0.00941; mid= 0.00970



monthly info new high 0.00971
trend=up
high= 0.00971; rev= 0.00892; mid= 0.00932

GSCI (Ishares)
new low 14.43
trend=down
low= 14.43
rev= 15.67; mid= 15.05



monthly info MONTHLY REVERSAL new high 15.52
trend=no; direction=up (1 bar)
high= 15.52; rev= 13.20; mid= 14.36

CAT (Caterpillar)
-no change (above mid)
trend=up
high= 80.70
rev= 75.47; mid= 78.09



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=up (2 bars)
high= 11.17
rev= 6.87; mid= 9.02


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 11.17; rev= 7.29; mid= 9.23

Copper
new high 2.236
trend=up
high= 2.236
rev= 2.115; mid= 2.176



monthly info -no change (below mid)
trend=down
low= 2.068; rev= 2.381; mid= 2.225

QQQ (Powershares QQQ)
-no 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=down
low= 159.12; rev= 193.22; mid= 176.17

JPM (JP Morgan Chase)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 65.43; rev= 56.95; mid= 61.19

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=down (2 bars)
low= 45.71; rev= 50.85; mid= 48.28

MS (Morgan Stanley)
new high 28.92
trend=up
high= 28.92; rev= 26.28; mid= 27.60

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=up
high= 745.81; rev= 712.24; mid= 729.03

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

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

TLT (iShares Barclays 20+ Year Treas Bond)
-no change (below mid)
trend=up
high= 143.60; rev= 135.61; mid= 139.61

V (Visa)
-no change (above mid)
trend=down
low= 74.48; rev= 80.08; mid= 77.28

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

MUB (iShares S&P National AMT-Fre)
WEEKLY CONFIRMATION new low 113.30
trend=no
direction=down (2 bars)
low= 113.30; rev= 113.98; mid= 113.64

IQI (Morgan Stanley Quality Muni)
-change (above mid)
trend=no
direction=down (1 bar)
low= 13.54; rev= 14.00; mid= 13.77

JNK (SPDR Barclays Capital HY)
new high 36.36
trend=up
high= 36.36; rev= 35.53; mid= 35.95

USDJPY
-no change (below mid)
trend=down
low= 106.63; rev= 112.20; mid= 109.42

EEM (MSCI Emerging Markets)
new high 35.97
trend=up
high= 35.97
rev= 32.27; mid= 34.12



monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 34.39; rev= 30.32; mid= 32.36

Nikkei
-no change (above mid)
trend=no
direction=down (1 bar)
low= 14952.02
rev= 17572.49; mid= 16262.26


monthly info new low 15575.92
trend=down
low= 15575.92; rev= 17388.15; mid= 16482.04

Hang Seng
new high 21964.27
trend=up
high= 21964.27
rev= 21316.47; mid= 21640.37



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


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

IBEX
-no change (above mid)
trend=no
direction=down (1 bar)
low= 7787.70
rev= 9232.80; mid= 8510.25


monthly info new low 8163.30
trend=down
low= 8163.30; rev= 9544.20; mid= 8853.75