US Markets 28 Apr 18

On the weekly chart, US markets broke hlf, slumped down and losses were trimmed.
Harpex broke the Year 2015 high.  BDI continues to climb higher.
Dollar Index broke out.

Watch out for 03 May 0200 Hrs, US FOMC Statement and US Fed Interest Rate Decision.

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

• Nasdaq (1)

Neutral 

• None

DT 

• None

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

• None

Neutral 

• S&P

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

Dow

Daily Neutral, Weekly UT
Potential resistance around TLU11, 24,847, TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 24,175, TLD1, 23,567, 23,435, 23,175, 22,776, TLU6, 22,121

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,718, 2,748, 2,800, TLU3, Lower Trend Channel (green), 2,874

Potential support around  TLD1, 2,593, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around  6,857, 6,983, TLU7, 7,134, 7,706

Potential support around TLU6, 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

Russell
Daily UT, Weekly UT
Potential resistance around 1,592, 1,609, TLU3, 1,649

Potential support around 1,543, 1,519, 1,508, 1,494, TLD1, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)

30 Apr, Mon

• Japan, China holiday
• 0900 China Manufacturing PMI (Apr) 
• 1000 Australia RBA's Governor Philip Lowe Speech
• 2030 US Core Personal Consumption Expenditure - Price Index (YoY) 
• 2200 US Pending Home Sales (MoM) (Mar)

01 May, Tue

• China, Hong Kong, Singapore and most Europe holiday
• 1230 Australia RBA Interest Rate Decision (May) 
• 1230 Australia RBA Rate Statement 
• 1630 UK Manufacturing PMI (Apr)
• 2030 Canada GDP (MoM) (Feb) 
• 2200 US ISM Manufacturing PMI (Apr) 

02 May, Wed

• 0230 Canada BoC Gov Poloz Speaks 
• 0645 New Zealand Employment Change (QoQ) (Q1)
• 0945 China Caixin Manufacturing PMI (Apr)  
• 1555 German Manufacturing PMI (Apr) 
• 1630 UK Construction PMI (Apr) 
• 1700 Europe GDP
• 2015 US ADP Nonfarm Employment Change (Apr)  
• 2230 US Crude Oil Inventories

03 May, Thu

• Japan holiday
• 0200 US FOMC Statement
• 0200 US Fed Interest Rate Decision
• 1630 UK Services PMI (Apr)
• 1700 Europe CPI (YoY) (Apr)  
• 2200 US ISM Non-Manufacturing PMI (Apr)

04 May, Fri

• Japan holiday
• 0930 Australia RBA Monetary Policy Statement
• 2030 US Nonfarm Payrolls (Apr) 
• 2200 US Unemployment Rate (Apr)