Sunday, February 28, 2016

Indices Performance Chart - 27 Feb 16

Markets closed with a mixed this week.  Asia closed lower, mixed in Europe while US markets closed higher.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
  • None
Neutral
  • None
DT
  • DOW (1) (decreased for 1st week)
  • S&P (increased for 1st week)
  • Nasdaq (1) (decreased for 1st week)
  • Russell (1) (increased for 1st week)

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  

US markets (except Nasdaq) broke recent high and closed with a -roc (except Russell).  A new diff was formed.  As long as don't closed below diff for more than 3 days, will see more upside.
Next week will have few important data especially on Fri, NFP (Non-Farm Payroll) and unemployment rate.


Dow
Daily DT, Weekly DT
Potential resistance around 16,745, 17,083, 17,271, TLD1, TLD2, 17,600
Potential support around 16,503, 16,246, TLD3, 15,851, TLU3, TLU10, 15,376, 14,812

S&P
Daily DT, Weekly DT
Potential resistance around 1,973, 1,996, 2,028, 2,045, 2,061
Potential support around TLD2, 1,930, TLU2, 1,886, TLD5, TLD1, 1,820

Nasdaq
Daily DT, Weekly DT
Potential resistance around 4,271, 4,347, TLD2, 4,537, TLU1, TLU6, 4,640
Potential support around TLU2, 4,193, 4,089, TLD3, 3,956

Russell
Daily DT, Weekly DT
Potential resistance around 1,049, 1,082, TLD1, TLD3, 1,114,
Potential support around 1,009, TLD2, TLU4, TLD4, 951, 899

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