Weekly 3LB Update 9/9/16

Weekly 3LB update (week ending 9/9/16)
a new high or low will change the reversal price and the midpoint

SPX
WEEKLY REVERSAL new low 2127.71
trend=no
direction=down (1 bar)
low= 2127.81
rev= 2184.05; mid= 2155.93


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 2173.60; rev= 1920.03; mid= 2046.82

Dow Jones
WEEKLY REVERSAL new low 18085.45
trend=no
direction=down (1 bar)
low= 18085.45
rev= 18576.47; mid= 18330.96


monthly info -no change (above mid)
trend=up
high= 18432.24; rev= 16284.70; mid= 17358.47

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
WEEKLY REVERSAL new low 5125.91
trend=no
direction=down (1 bar)
low= 5125.91
rev= 5249.90; mid= 5187.91


monthly info new high 5213.22
trend=up
high= 5213.22; rev= 4869.85; mid= 5041.54

DXY
-change (below 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 (above mid)
trend=up
high= 1366.20
rev= 1300.60; mid= 1333.40



monthly info -no change (above mid)
trend=up
high= 1357.50; rev= 1246.20; mid= 1301.85

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 (below mid)
trend=down
low= 42.33
rev= 50.37; mid= 46.35



monthly info -no change (below mid)
trend=down
low= 39.28; rev= 51.64; mid= 45.46

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



monthly info -no change (above mid)
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= 21.82; rev= 26.72; mid= 24.27

10 Year Yield
WEEKLY CONFIRMATION new high 16.72
trend=no
direction=up (2 bars)
high= 16.72
rev= 13.66; mid= 15.19


monthly info -no change (below mid)
trend=down
low= 14.58; rev= 21.70; mid= 18.14

Silver
-no change (below mid)
trend=no
direction=down (2 bars)
low= 18.75
rev= 20.45; mid= 19.60


monthly info -no change (above mid)
trend=up
high= 20.45; rev= 15.65; mid= 18.05

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=up
high= 169.18
rev= 162.09; mid= 165.64



monthly info -change (above mid)
trend=down
low= 148.58; rev= 173.76; mid= 161.17

Lumber
-no change (below mid)
trend=no
direction=down (1 bar)
low= 302.40
rev= 336.20; mid= 319.30


monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 343.10; rev= 245.40; mid= 294.25

Baltic Dry Index
new high 792.00
trend=up
high= 792.00
rev= 670.00; mid= 731.00



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

XLF
-no change (above mid)
trend=up
high= 24.57
rev= 22.61; mid= 23.59



monthly info MONTHLY REVERSAL new high 24.56
trend=no; direction=up (1 bar)
high= 24.56; rev= 21.09; mid= 22.83

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


monthly info -no change (below mid)
trend=down
low= 76.48; rev= 93.20; mid= 84.84

YEN
-no change (above mid)
trend=up
high= 0.00999
rev= 0.00962; mid= 0.00981



monthly info -no change (above mid)
trend=up
high= 0.00982; rev= 0.00893; mid= 0.00938

GSCI (Ishares)
-no change (below mid)
trend=down
low= 13.96
rev= 15.30; mid= 14.63



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

CAT (Caterpillar)
-no change (below mid)
trend=up
high= 83.84
rev= 80.70; mid= 82.27



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

Copper
-no change (below mid)
trend=no
direction=down (2 bars)
low= 2.078
rev= 2.240; mid= 2.159


monthly info -no change (below mid)
trend=down
low= 2.072; rev= 2.385; mid= 2.229

QQQ (Powershares QQQ)
WEEKLY REVERSAL new low 114.28
trend=no
direction=down (1 bar)
low= 114.28
rev= 117.26; mid= 115.77


monthly info new high 116.44
trend=up
high= 116.44; rev= 113.33; mid= 114.89



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

JPM (JP Morgan Chase)
-no change (above mid)
trend=up
high= 67.49; rev= 57.04; mid= 62.27

BAC (Bank of America)
-no change (above mid)
trend=up
high= 16.00; rev= 15.11; mid= 15.56

WFC (Wells Fargo)
-no change (above mid)
trend=no
direction=down (2 bars)
low= 45.71; rev= 50.85; mid= 48.28

MS (Morgan Stanley)
-no change (above mid)
trend=up
high= 31.89; rev= 29.17; mid= 30.53

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= 772.56; rev= 745.81; mid= 759.19

M (Macy's)
-change (below mid)
trend=no
direction=up (2 bars)
high= 40.30; rev= 31.22; mid= 35.76

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)
WEEKLY REVERSAL new low 135.52
trend=no
direction=down (1 bar)
low= 135.52; rev= 143.60; mid= 139.56

V (Visa)
-no change (above mid)
trend=up
high= 82.00; rev= 80.14; mid= 81.07

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)
new low 112.95
trend=down
low= 112.95; rev= 113.41; mid= 113.18

IQI (Morgan Stanley Quality Muni)
-no change (above mid)
trend=no
direction=up (1 bar)
high= 14.02; rev= 13.54; mid= 13.78

JNK (SPDR Barclays Capital HY)
WEEKLY REVERSAL new low 36.15
trend=no
direction=down (1 bar)
low= 36.15; rev= 36.64; mid= 36.40

EEM (MSCI Emerging Markets)
-change (below mid)
trend=up
high= 37.60
rev= 36.21; mid= 36.91



monthly info new high 36.53
trend=up
high= 36.53; rev= 34.25; mid= 35.39

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


monthly info -no change (above mid)
trend=down
low= 15575.92; rev= 17388.15; mid= 16482.04

Hang Seng
new high 24099.70
trend=up
high= 24099.70
rev= 22766.91; mid= 23433.31



monthly info -change (above 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= 10713.43
rev= 9950.80; mid= 10332.16



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 -no 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 -no change (below mid)
trend=down
low= 8163.30; rev= 9544.20; mid= 8853.75

Weekly 3LB Update 8/19/16

Weekly 3LB update (week ending 8/19/16)
a new high or low will change the reversal price and the midpoint

SPX
-no change (above mid)
trend=up
high= 2184.05
rev= 2161.73; mid= 2172.89



monthly info MONTHLY REVERSAL new high 2173.60
trend=no; direction=up (1 bar)
high= 2173.60; rev= 1920.03; mid= 2046.82

Dow Jones
-no change (above mid)
trend=up
high= 18576.47
rev= 18146.74; mid= 18361.61



monthly info new high 18432.24
trend=up
high= 18432.24; rev= 16284.70; mid= 17358.47

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 5238.38
trend=up
high= 5238.38
rev= 5162.13; mid= 5200.26



monthly info new high 5162.13
trend=up
high= 5162.13; rev= 4869.85; mid= 5015.99

DXY
-change (below 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
-no change (above mid)
trend=up
high= 1366.20
rev= 1300.60; mid= 1333.40



monthly info new high 1357.50
trend=up
high= 1357.50; rev= 1246.20; mid= 1301.85

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
-change (above mid)
trend=down
low= 42.33
rev= 50.37; mid= 46.35



monthly info -change (below mid)
trend=down
low= 39.28; rev= 51.64; mid= 45.46

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



monthly info -no change (above mid)
trend=up
high= 20.33; rev= 15.59; mid= 17.96

30 Year Yield
-change (above mid)
trend=down
low= 21.10
rev= 24.32; mid= 22.71



monthly info new low 21.82
trend=down
low= 21.82; rev= 26.72; mid= 24.27

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



monthly info new low 14.58
trend=down
low= 14.58; rev= 21.70; mid= 18.14

Silver
WEEKLY REVERSAL new low 19.31
trend=no
direction=down (1 bar)
low= 19.31
rev= 20.35; mid= 19.83


monthly info new high 20.35
trend=up
high= 20.35; rev= 15.55; mid= 17.95

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)
new high 166.23
trend=up
high= 166.23
rev= 161.64; mid= 163.94



monthly info -no change (below mid)
trend=down
low= 148.58; rev= 173.76; mid= 161.17

Lumber
-no change (below 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 (1 bar)
high= 343.10; rev= 245.40; mid= 294.25

Baltic Dry Index
-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=up (1 bar)
high= 24.02
rev= 22.08; mid= 23.05


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

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


monthly info -no change (below mid)
trend=down
low= 76.48; rev= 93.20; mid= 84.84

YEN
new high 0.00999
trend=up
high= 0.00999
rev= 0.00962; mid= 0.00981



monthly info new high 0.00982
trend=up
high= 0.00982; rev= 0.00893; mid= 0.00938

GSCI (Ishares)
-change (above mid)
trend=down
low= 13.96
rev= 15.30; mid= 14.63



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

CAT (Caterpillar)
new high 83.84
trend=up
high= 83.84
rev= 80.70; mid= 82.27



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

Copper
-no change (below mid)
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)
new high 117.26
trend=up
high= 117.26
rev= 115.23; mid= 116.25



monthly info new high 115.23
trend=up
high= 115.23; rev= 104.31; mid= 109.77



BIDU (Baidu)
-change (above mid)
trend=down
low= 159.12; rev= 193.22; mid= 176.17

JPM (JP Morgan Chase)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 66.30; rev= 56.95; mid= 61.63

BAC (Bank of America)
WEEKLY CONFIRMATION new high 15.22
trend=no
direction=up (2 bars)
high= 15.22; rev= 11.95; mid= 13.59

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 30.55
trend=up
high= 30.55; rev= 28.92; mid= 29.74

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

AMZN (Amazon)
-change (below mid)
trend=up
high= 772.56; rev= 745.81; mid= 759.19

M (Macy's)
WEEKLY CONFIRMATION new high 40.30
trend=no
direction=up (2 bars)
high= 40.30; rev= 31.22; mid= 35.76

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= 143.60; rev= 135.61; mid= 139.61

V (Visa)
WEEKLY CONFIRMATION new high 80.47
trend=no
direction=up (2 bars)
high= 80.47; rev= 74.48; mid= 77.48

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)
-no change (below mid)
trend=down
low= 113.12; rev= 113.83; mid= 113.48

IQI (Morgan Stanley Quality Muni)
WEEKLY REVERSAL new high 14.02
trend=no
direction=up (1 bar)
high= 14.02; rev= 13.54; mid= 13.78

JNK (SPDR Barclays Capital HY)
new high 36.54
trend=up
high= 36.54; rev= 36.11; mid= 36.33

EEM (MSCI Emerging Markets)
new high 37.60
trend=up
high= 37.60
rev= 36.21; mid= 36.91



monthly info new high 36.21
trend=up
high= 36.21; rev= 30.57; mid= 33.39

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


monthly info -change (above mid)
trend=down
low= 15575.92; rev= 17388.15; mid= 16482.04

Hang Seng
new high 22937.22
trend=up
high= 22937.22
rev= 21964.27; mid= 22450.75



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= 10713.43
rev= 9950.80; mid= 10332.16



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

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


monthly info -no change (below mid)
trend=down
low= 8163.30; rev= 9544.20; mid= 8853.75