Sunday, April 24, 2016

Indices Performance Chart - 23 Apr 16

Most markets closed higher this week.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
  • S&P (decreased for 3rd week)
  • Nasdaq (decreased for few weeks)
  • Russell (1) (decreased for 1st week)
  • None
  • None

(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 closed mixed. S&P and Nasdaq tested trend line resistance but failed to hold.  Russell met with another trend line resistance.  A new diff is formed on Dow, S&P and Russell. COT buying interest are getting lesser.  Looking at raw  figure show the number of short positions increased much more than number of long positions.  Expect more volatile ahead.

Coming Thu (28 Apr) will have few important data (such as FOMC, US GDP) that may move the markets,

Daily UT, Weekly Neutral
Potential resistance around TLU4, 18,189, 18,637, TLU2, TLU9, TLU5
Potential support around 17,829, TLD3, 17,600, 17,271, TLD2, TLD1, 17,083

Daily UT, Weekly DT
Potential resistance around TLD3, 2,102, TLU4, 2,116, 2,129, 2,137, TLU5
Potential support around 2,081, 2,061, 2,045, 2,028, 1,996, 1,973

Daily UT, Weekly UT
Potential resistance around 4,537, TLD3, 4,640, TLU1, 4,682, 4,772
Potential support around 4,347, 4,271, TLD2, TLU2, 4,193, 4,089

Daily UT, Weekly DT
Potential resistance around  TLU2, 1,164, 1,185, 1,213
Potential support around 1,137, TLD4, 1,114, 1,082, 1,049

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