Weekly 3LB Update 3/24/17

Weekly 3LB update (week ending 3/24/17)
a new high or low will change the reversal price and the midpoint

SPX
-change (below mid)
trend=up
high= 2383.12
rev= 2316.10; mid= 2349.61



monthly info new high 2363.64
trend=up
high= 2363.64; rev= 2198.81; mid= 2281.23

Dow Jones
-change (below mid)
trend=up
high= 21005.71
rev= 20269.37; mid= 20637.54



monthly info new high 20812.24
trend=up
high= 20812.24; rev= 19123.58; mid= 19967.91

Dow Jones Transportation Avg
WEEKLY REVERSAL new low 8928.78
trend=no
direction=down (1 bar)
low= 8928.78
rev= 9495.39; mid= 9212.09


monthly info new high 9419.86
trend=up
high= 9419.86; rev= 8981.65; mid= 9200.76

Nasdaq Composite
new high 5828.74
trend=up
high= 5828.74
rev= 5901.00; mid= 5864.87



monthly info new high 5825.44
trend=up
high= 5825.44; rev= 5323.68; mid= 5574.56

DXY
-no change (below mid)
trend=no
direction=up (1 bar)
high= 101.54
rev= 99.73; mid= 100.64


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 102.21; rev= 93.08; mid= 97.65

Gold
-change (above mid)
trend=no
direction=down (1 bar)
high= 1201.40
rev= 1258.30; mid= 1229.85


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 1154.40; rev= 1363.20; mid= 1258.80

VIX
-no change (below mid)
trend=no
direction=down (1 bar)
low= 10.58
rev= 28.03; mid= 19.31


monthly info -no change (below mid)
trend=down
low= 11.40; rev= 32.07; mid= 21.74

WTI Crude Oil
WEEKLY CONFIRMATION new low 47.97
trend=no
direction=down (2 bars)
low= 47.97
rev= 55.75; mid= 51.86


monthly info -no change (above mid)
trend=down
low= 43.68; rev= 56.04; mid= 49.86

Sugar #11
WEEKLY REVERSAL new low 17.71
trend=no
direction=up (1 bar)
low= 17.71
rev= 21.10; mid= 19.41


monthly info -change (below mid)
trend=up
high= 22.99; rev= 17.08; mid= 20.04

30 Year Yield
-change (below mid)
trend=no
direction=up (1 bar)
high= 31.69
rev= 29.55; mid= 30.62


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 30.63; rev= 21.82; mid= 26.23

10 Year Yield
-change (below mid)
trend=no
direction=down (1 bar)
low= 23.17
rev= 25.97; mid= 24.57


monthly info -no change (above mid)
trend=up
high= 24.51; rev= 14.88; mid= 19.70

Silver
-change (above mid)
trend=no
direction=down (1 bar)
low= 16.92
rev= 18.40; mid= 17.66


monthly info -change (above mid)
trend=up
high= 20.60; rev= 15.80; mid= 18.20

EURUSD
-no change (below mid)
trend=no
direction=down (1 bar)
low= 1.0214
rev= 1.1732; mid= 1.0973


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 1.0623; rev= 1.1638; mid= 1.1131

GS (Goldman Sachs)
WEEKLY REVERSAL new low 228.41
trend=no
direction=down (1 bar)
low= 228.41
rev= 252.89; mid= 240.65


monthly info new high 248.06
trend=up
high= 248.06; rev= 178.24; mid= 213.15

Lumber
-change (above mid)
trend=no
direction=up (1 bar)
high= 395.10
rev= 349.60; mid= 372.35


monthly info -change (above mid)
trend=no; direction=up (2 bars)
high= 410.10; rev= 312.40; mid= 361.25

Baltic Dry Index
-no change (above mid)
trend=up
high= 1231.00
rev= 707.00; mid= 969.00



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 1202.00; rev= 325.00; mid= 763.50

XLF
WEEKLY REVERSAL new low 23.54
trend=no
direction=down (1 bar)
low= 23.54
rev= 24.97; mid= 24.26


monthly info new high 24.54
trend=no; direction=up (2 bars)
high= 24.54; rev= 22.51; mid= 23.53

AUDJPY
WEEKLY REVERSAL new low 84.09
trend=no
direction=down (1 bar)
low= 84.09
rev= 86.39; mid= 85.24


monthly info -no change (above mid)
trend=down
low= 74.93; rev= 91.65; mid= 83.29

YEN
WEEKLY CONFIRMATION new high 0.00906
trend=no
direction=up (2 bars)
high= 0.00906
rev= 0.00854; mid= 0.008890


monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 0.00863; rev= 0.00996; mid= 0.00930

GSCI (Ishares)
WEEKLY CONFIRMATION new low 14.43
trend=no
direction=down (2 bars)
low= 14.43
rev= 15.47; mid= 14.95


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 15.67; rev= 13.20; mid= 14.44

CAT (Caterpillar)
-no change (above mid)
trend=up
high= 98.99
rev= 83.84; mid= 91.42



monthly info new high 96.66
trend=up
high= 96.66; rev= 65.36; mid= 81.01

AA (Alcoa)
WEEKLY CONFIRMATION new low 32.56
trend=no
direciton=down (2 bars)
low= 32.56
rev= 38.30; mid= 35.43


monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 36.45; rev= 21.87; mid= 29.16

Copper
-change (below mid)
trend=up
high= 2.784
rev= 2.539; mid= 2.662



monthly info -no change (above mid)
trend=no; direction=up (2 bars)
high= 2.743; rev= 2.102; mid= 2.423

QQQ (Powershares QQQ)
-change (below mid)
trend=up
high= 131.69
rev= 130.26; mid= 130.98



monthly info new high 130.02
trend=up
high= 130.02; rev= 116.44; mid= 123.23



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

JPM (JP Morgan Chase)
-change (below mid)
trend=up
high= 92.80; rev= 87.18; mid= 89.99

BAC (Bank of America)
-change (below mid)
trend=up
high= 25.44; rev= 23.09; mid= 24.27

WFC (Wells Fargo)
WEEKLY REVERSAL new low 55.83
trend=no
direction=down (1 bar)
low= 55.83; rev= 58.89; mid= 57.36

MS (Morgan Stanley)
WEEKLY REVERSAL new low 42.46
trend=no
direction=down (1 bar)
low= 42.46; rev= 46.83; mid= 44.65

AXP (American Express)
WEEKLY REVERSAL new low 78.20
trend=no
direction=down (1 bar)
low= 78.20; rev= 79.88; mid= 79.04

AMZN (Amazon)
-change (below mid)
trend=up
low= 852.46; rev= 845.07; mid= 848.77

M (Macy's)
WEEKLY REVERSAL new low 28.17
trend=no
direction=down (1 bar)
low= 28.17; rev= 33.17; mid= 30.67

Powershares USD Bull (UUP)
WEEKLY REVERSAL new low 25.74
trend=no
direction=down (1 bar)
low= 25.74; rev= 26.17; mid= 25.96

TLT (iShares Barclays 20+ Year Treas Bond)
-change (above mid)
trend=no
direction=down (1 bar)
low= 117.25; rev= 122.01; mid= 119.63

V (Visa)
-change (below mid)
trend=up
high= 90.24; rev= 88.43; mid= 89.34

XRT (SPDR Retail ETF)
new low 41.10
trend=down
low= 41.10; rev= 43.43; mid= 42.27

MUB (iShares S&P National AMT-Fre)
-change (above mid)
trend=down
low= 106.78; rev= 109.62; mid= 108.20

IQI (Morgan Stanley Quality Muni)
-no change (below mid)
trend=down
low= 12.07; rev= 12.99; mid= 12.53

JNK (SPDR Barclays Capital HY)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 37.15; rev= 35.13; mid= 36.14

EEM (MSCI Emerging Markets)
new high 39.81
trend=up
high= 39.81
rev= 38.39; mid= 39.10



monthly info new high 37.99
trend=up
high= 37.99; rev= 36.53; mid= 37.10

Nikkei
-no change (above mid)
trend=up
high= 19604.61
rev= 18918.20; mid= 19261.41



monthly info new high 19118.99
trend=up
high= 19118.99; rev= 17425.02; mid= 18272.01

Hang Seng
new high 24358.27
trend=up
high= 24358.27
rev= 23574.98; mid= 23966.63



monthly info -no change (above mid)
trend=down
low= 19683.11; rev= 24497.98; mid= 22090.55

Shanghai Composite
-no change (above 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= 12095.24
rev= 11630.13; mid= 11862.69



monthly info -no change (above mid)
trend=no; direction=down (2 bars)
low= 9495.40; rev= 11966.17; mid= 10730.79

Athen
-no change (above mid)
trend=no
direction=up (1 bar)
high= 660.30
rev= 534.78; mid= 597.54


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

IBEX
new high 10309.40
trend=up
high= 10309.40
rev= 9798.50; mid= 10053.95



monthly info MONTHLY REVERSAL new high 9555.50
trend=no; direction=up (1 bar)
high= 9555.50; rev= 8163.30; mid= 8859.40

Weekly 3LB Update 1/27/17

Weekly 3LB update (week ending 1/27/17)
a new high or low will change the reversal price and the midpoint

SPX
new high 2294.69
trend=up
high= 2294.69
rev= 2259.53; mid= 2277.11



monthly info new high 2238.83
trend=up
high= 2238.83; rev= 1972.18; mid= 2105.51

Dow Jones
new high 20093.78
trend=up
high= 20093.78
rev= 19843.41; mid= 19968.60



monthly info new high 19762.60
trend=up
high= 19762.60; rev= 16528.03; mid= 18145.32

Dow Jones Transportation Avg
new high 9444.28
trend=up
high= 9444.28
rev= 9044.21; mid= 9244.25



monthly info new high 9043.90
trend=up
high= 9043.90; rev= 7944.11; mid= 8494.01

Nasdaq Composite
new high 5660.78
trend=up
high= 5660.78
rev= 5462.69; mid= 5561.74



monthly info new high 5383.12
trend=up
high= 5383.12; rev= 5213.22; mid= 5298.17

DXY
new low 100.56
trend=down
low= 100.56
rev= 101.59; mid= 101.08



monthly info MONTHLY CONFIRMATION new high 102.21
trend=no; direction=up (2 bars)
high= 102.21; rev= 93.08; mid= 97.65

Gold
-no change (above mid)
trend=no
direction=up (2 bars)
high= 1204.90
rev= 1133.60; mid= 1169.25


monthly info MONTHLY CONFIRMATION new low 1151.70
trend=no; direction=down (2 bars)
low= 1151.70; rev= 1360.50; mid= 1256.10

VIX
WEEKLY REVERSAL new low 10.58
trend=no
direction=down (1 bar)
low= 10.58
rev= 28.03; mid= 19.31


monthly info -no change (below mid)
trend=down
low= 11.40; rev= 32.07; mid= 21.74

WTI Crude Oil
-no change (above mid)
trend=up
high= 54.77
rev= 48.34; mid= 51.56



monthly info -no change (above mid)
trend=down
low= 41.92; rev= 54.28; mid= 48.10

Sugar #11
-no change (above mid)
trend=no
direction=up (1 bar)
high= 20.75
rev= 18.15; mid= 19.45


monthly info -no change (below mid)
trend=up
high= 23.00; rev= 17.09; mid= 20.05

30 Year Yield
-no change (below mid)
trend=no
direction=down (2 bars)
low= 29.77
rev= 31.84; mid= 30.81


monthly info MONTHLY CONFIRMATION new high 30.63
trend=no; direction=up (2 bars)
high= 30.63; rev= 21.82; mid= 26.23

10 Year Yield
-no change (below mid)
trend=up
high= 25.97
rev= 23.72; mid= 24.85



monthly info MONTHLY CONFIRMATION new high 24.46
trend=no; direction=up (2 bars)
high= 24.46; rev= 14.58; mid= 19.52

Silver
new high 17.14
trend=up
high= 17.14
rev= 16.21; mid= 16.68



monthly info -no change (below mid)
trend=up
high= 20.52; rev= 15.73; mid= 18.13

EURUSD
-no change (below mid)
trend=no
direction=down (1 bar)
low= 1.0165
rev= 1.1683; mid= 1.0924


monthly info MONTHLY CONFIRMATION new low 1.0574
trend=no; direction=down (2 bars)
low= 1.0574; rev= 1.1589; mid= 1.1082

GS (Goldman Sachs)
-no change (above mid)
trend=up
high= 244.90
rev= 211.38; mid= 228.14



monthly info new high 239.45
trend=up
high= 239.45; rev= 149.53; mid= 194.49

Lumber
-no change (below mid)
trend=down
low= 325.00
rev= 351.70; mid= 338.35



monthly info -no change (below mid)
trend=no; direction=down (2 bars)
low= 270.50; rev= 394.40; mid= 332.45

Baltic Dry Index
-no change (below mid)
trend=up
high= 1231.00
rev= 792.00; mid= 1011.50



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 1202.00; rev= 325.00; mid= 763.50

XLF
-no change (above mid)
trend=up
high= 23.75
rev= 22.16; mid= 22.96



monthly info MONTHLY CONFIRMATION new high 23.25
trend=no; direction=up (2 bars)
high= 23.25; rev= 17.11; mid= 20.18

AUDJPY
new high 86.67
trend=up
high= 86.67
rev= 85.57; mid= 86.12



monthly info -change (below mid)
trend=down
low= 75.44; rev= 92.16; mid= 83.80

YEN
-no change (above mid)
trend=down
low= 0.00851
rev= 0.00888; mid= 0.00870



monthly info MONTHLY CONFIRMATION new low 0.00860
trend=no; direction=down (2 bars)
low= 0.00860; rev= 0.00992; mid= 0.00926

GSCI (Ishares)
-change (below mid)
trend=up
high= 15.67
rev= 15.32; mid= 15.50



monthly info MONTHLY CONFIRMATION new high 15.67
trend=no; direction=up (2 bars)
high= 15.67; rev= 13.20; mid= 14.44

CAT (Caterpillar)
new high 98.99
trend=up
high= 98.99
rev= 83.84; mid= 91.42



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 95.56; rev= 62.24; mid= 78.90

AA (Alcoa)
new high 36.67
trend=up
high= 36.67
rev= 31.20; mid= 33.94



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 33.51; rev= 21.87; mid= 27.69

Copper
-no change (above mid)
trend=up
high= 2.690
rev= 2.279; mid= 2.485



monthly info -no change (above mid)
trend=no; direction=up (1 bar)
high= 2.633; rev= 2.086; mid= 2.360

QQQ (Powershares QQQ)
new high 125.80
trend=up
high= 125.80
rev= 121.93; mid= 123.87



monthly info -no change (above mid)
trend=up
high= 118.72; rev= 114.02; mid= 116.37



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=up
high= 87.05; rev= 78.83; mid= 82.94

BAC (Bank of America)
new high 23.36
trend=up
high= 23.36; rev= 20.86; mid= 22.11

WFC (Wells Fargo)
-no change (above mid)
trend=up
high= 57.14; rev= 51.73; mid= 48.55

MS (Morgan Stanley)
-change (above mid)
trend=up
high= 43.85; rev= 41.10; mid= 42.48

AXP (American Express)
new high 76.85
trend=up
high= 76.85; rev= 75.00; mid= 75.93

AMZN (Amazon)
-no change (above mid)
trend=down
low= 739.01; rev= 837.31; mid= 788.16

M (Macy's)
new low 29.11
trend=down
low= 29.11; rev= 30.82; mid= 29.97

Powershares USD Bull (UUP)
new low 25.99
trend=down
low= 25.99; rev= 26.57; mid= 26.28

TLT (iShares Barclays 20+ Year Treas Bond)
-no change (above mid)
trend=no
direction=up (2 bars)
high= 121.31; rev= 117.14; mid= 119.23

V (Visa)
WEEKLY REVERSAL new high 83.77
trend=no
direction=up (1 bar)
high= 83.77; rev= 75.72; mid= 79.75

XRT (SPDR Retail ETF)
new low 42.69
trend=down
low= 42.69; rev= 44.07; mid= 43.38

MUB (iShares S&P National AMT-Fre)
-no change (above mid)
trend=down
low= 106.78; rev= 109.62; mid= 108.20

IQI (Morgan Stanley Quality Muni)
-no change (below mid)
trend=down
low= 12.18; rev= 13.04; mid= 12.61

JNK (SPDR Barclays Capital HY)
WEEKLY REVERSAL new high 37.00
trend=no
direction=up (1 bar)
high= 37.00; rev= 35.13; mid= 36.07

EEM (MSCI Emerging Markets)
WEEKLY REVERSAL new high 37.47
trend=no
direction=up (1 bar)
high= 37.47
rev= 34.28; mid= 35.88


monthly info -no change (below mid)
trend=up
high= 37.45; rev= 34.39; mid= 35.92

Nikkei
new high 19467.40
trend=up
high= 19467.40
rev= 19401.15; mid= 19434.28



monthly info new high 19114.30
trend=up
high= 19114.30; rev= 16666.05; mid= 17890.18

Hang Seng
WEEKLY CONFIRMATION new high 23360.78
trend=no
direction=up (2 bars)
high= 23360.78
rev= 21574.76; mid= 22467.77


monthly info -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
new high 11814.27
trend=up
high= 11814.27
rev= 11599.01; mid= 11706.64



monthly info -change (above mid)
trend=no; direction=down (2 bars)
low= 9495.40; rev= 11966.17; mid= 10730.79

Athen
-no change (above mid)
trend=no
direction=up (1 bar)
high= 660.30
rev= 534.78; mid= 597.54


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

IBEX
-no change (above mid)
trend=no
direction=up (2 bars)
high= 9412.80
rev= 7787.70; mid= 8600.25


monthly info -change (above mid)
trend=down
low= 8163.30; rev= 9544.20; mid= 8853.75