US Market 26 Mar 2022

US market closed higher except for Russell closed lower.

BDI and CCFI closed lower, CDFI closed higher, while Harpex remained unchanged.

The dollar index closed higher with another inside day on the weekly chart.

Watch out for

• Europe daylight saving starts on 27 Mar
• Manufacturing PMI data by multiple countries
• US NFP Data

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

UT 

• None

Neutral 

• None

DT 

• Russell (1)
• Dow

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 DT, Weekly UT
Potential resistance around 35,495, 37,625

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily DT, Weekly UT

Potential resistance around 4,632, 4,867, 5,103

Potential support around 4,396, 4,161, 3,925, 3,690, 3,579

Nasdaq
Daily DT, Weekly UT

Potential resistance around 14,930, 15,652, 16,374, 17,097

Potential support around 14,207, 13,485, 12,762, 12,410, 12,040, 11,318

Russell
Daily DT, Weekly DT
Potential resistance around 2,170, 2,300, 2,430, 2,561

Potential support around 2,040, 1,910, 1,779, 1,743, 1,708

Key event to watch out for (SG Time, GMT+8)

28 Mar, Mon

• 1900 UK BoE Gov Bailey Speaks
• 2030 US Goods Trade Balance (Feb) 

29 Mar, Tue

• 0830 Australia Retail Sales (MoM) (Feb)
• 2200 US CB Consumer Confidence (Mar)
• 2200 US JOLTs Job Openings (Feb)

30 Mar, Wed

• 2000 German Inflation Rate YoY (Mar) 
• 2015 US ADP Nonfarm Employment Change (Mar)
• 2030 US GDP (QoQ) (Q4)
• 2230 US Crude Oil Inventories

31 Mar, Thu

• 0930 China Manufacturing PMI (Mar)
• 1400 UK GDP (QoQ) (Q4)
• 1555 German Unemployment Change (Mar)
• 1700 Europe Unemployment Rate (Feb)
• 2030 US Initial Jobless Claims
• 2030 Canada GDP (MoM) (Jan) 

01 Apr, Fri

• 0750 Japan Tankan Large Manufacturers Index (Q1)
• 0945 China Caixin Manufacturing PMI (Mar)
• 1555 German Manufacturing PMI (Mar)
• 1600 Europe Manufacturing PMI (Mar)
• 1630 UK Manufacturing PMI (Mar)
• 1700 Europe CPI (YoY) (Mar)
• 2030 US Nonfarm Payrolls (Mar)
• 2030 US Unemployment Rate (Mar)
• 2130 Canada Manufacturing PMI (Mar)
• 2200 US ISM Manufacturing PMI (Mar)