Sunday, March 12, 2017

Indices Performance Chart - 11 Mar 17

ADP Nonfarm Employment Change and Nonfarm Payrolls data were better than expected. Europe closed higher while Asia and US closed mixed.  Dollar index pulls back and broke hlf.  BDI and Harpex continue to improve.

16 Mar, Thu will be full of important data.  Starting from 0200 Hrs (SGT), US interest rate. follow by in the afternoon BoJ Press Conference and Swiss (CHF) Interest rate.  UK (GBP) interest rate in the evening.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
  • Nasdaq
Neutral
  • None
DT
  • None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT
  • Dow
Neutral
  • None
DT
  • None
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 closed mixed.  Dow and Nasdaq closed with an inside day in the weekly chart while S&P and Russell broke hlf on the weekly chart.  Russell back to the previous consolidating range.

Dow
Daily UT, Weekly UT
Potential resistance around TLU6, 21,451
Potential support around TLU5, TLU2, 19,968, TLU11, 19,440, TLU4, 18,669, 18,557, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around TLU1,2,522
Potential support around TLU5, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU5, 5,538, TLU3
Potential support around TLU4, TLU7, TLU1, 5,041, 4,960, 4,896, 4,816

Russell
Daily UT, Weekly UT
Potential resistance around TLU1, TLU3, TLU5, 1,519
Potential support around 1,389, 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

13 Mar, Mon
  • 2130 EUR ECB President Draghi Speaks 
14 Mar, Tue
  • 1000 CNY Industrial Production (YoY) (Jan)
  • 1800 EUR German ZEW Economic Sentiment (Mar)
  • 2030 USD PPI (MoM) (Feb)
15 Mar, Wed
  • 1730 GBP Average Earnings Index +Bonus (Jan)
  • 1730 GBP Claimant Count Change (Feb)
  • 2030 USD Core CPI (MoM) (Feb)
  • 2030 USD Core Retail Sales (MoM) (Feb)
  • 2030 USD Retail Sales (MoM) (Feb) 
  • 2230 USD Crude Oil Inventories
16 Mar, Thu
  • 0200 USD FOMC Economic Projections
  • 0200 USD FOMC Statement
  • 0200 USD Fed Interest Rate Decision
  • 0230 USD Fed Chair Yellen Speaks
  • 0545 NZD GDP (QoQ) (Q4)
  • 0830 AUD Employment Change (Feb)
  • 1000 JPY BoJ Monetary Policy Statement (YoY)
  • 1430 JPY BoJ Press Conference
  • 1630 CHF SNB Interest Rate Decision
  • 1630 CHF SNB Monetary Policy Assessment
  • 1800 EUR CPI (YoY) (Feb)
  • 2000 GBP BoE Interest Rate Decision (Mar) 
  • 2030 USD Building Permits (Feb)
  • 2030 USD Philadelphia Fed Manufacturing Index (Mar)
  • 2200 USD JOLTs Job Openings (Jan)   
17 Mar, Fri
  • No imporant data

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