US Markets 11 May 19

On the weekly chart, US markets broke hlf and closed lower.  DOW, S&P and Nasdaq recovered some losses and closed with a small -roc.

BDI and Harpex closed higher.

Dollar Index directionless.

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 

• None

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

Dow

Daily Neutral, Weekly UT
Potential resistance around 26,245, 26,627, 26,976, 29,106

Potential support around 25,784, 25,645, 25,326, 24,837, 24,170, 23,567, 23,435

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 2,983, 3,219

Potential support around 2,874, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,706, 8,428

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,585, 1,609, 1,624, 1,683, 1,708

Potential support around  1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time)
13 May, Mon

• HK holiday
• No important data

14 May, Tue

• 1630 UK Average Earnings Index +Bonus (Mar)
• 1630 UK Claimant Count Change (Apr) 
• 1700 German ZEW Economic Sentiment (May)

15 May, Wed

• 1000 China Industrial Production (YoY) (Apr) 
• 1400 German GDP (QoQ) (Q1) 
• 1700 Europe Gross Domestic Product
• 2030 US Core Retail Sales (MoM) (Apr) 
• 2030 US Retail Sales (MoM) (Apr)
• 2030 Canada Core CPI (MoM) (Apr)
• 2230 US Crude Oil Inventories 

16 May, Thu

• 0930 Australia Employment Change (Apr) 
• 2030 US Building Permits (Apr)
• 2030 US Philadelphia Fed Manufacturing Index (May)

17 May, Fri

• 1700 Europe CPI (YoY) (Apr)
• 2200 US Michigan Consumer Sentiment Index