Indices Performance Chart - 16 Jan 16

Global markets down between 2-5%.  COT buying interest continue to pick up

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT

• None

Neutral

• None

DT

• DOW (increased for 2nd week)
• S&P (increased for 2nd week)
• Nasdaq (increased for 2nd week)
• Russell (1) (increased for few weeks)

Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average 

S&P and Nasdaq have tested the strong trend support and closed above it while DOW yet to test.  Based on COT buying interest increasing, I will build up my long positions gradually when there is a signal to long.  I wil go small for 1st ET and add on for every LHF break.

DOW
Daily DT, Weekly DT
Potential resistance around 16,246, 16,503, 16,745, 17,083, 17,271
Potential support around  15581, TLU3, 15,376, 14,812

S&P
Daily DT, Weekly Neutral
Potential resistance around TLU2, 1,886,  TLD1,  1,930, 1,973, TLD2, 1,996
Potential support around 1,820, 1,737

Nasdaq
Daily DT, Weekly UT
Potential resistance around 4,193, 4,271, 4,347, TLU6, TLU1, 4,537, TLU9
Potential support around  TLU2, TLD1, 4,089, 3,956

Russell
Daily DT, Weekly DT
Potential resistance around TLD2, 1,049, 1,082, 1,114, TLU2
Potential support around 1,009, 951, 899