On the weekly chart, the US market slumped, except for the Russell, which closed higher.
While BDI and CDFI closed lower, CCFI closed higher, and Harpex remained unchanged.
The dollar index consolidated and closed higher.
Watch out for
- Short trading week for most of the markets
- Speech by US Fed Chair Powell
- Manufacturing PMI data from multiple countries
- US NFP
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- Nasdaq
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- 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 are based on 50 Simple Moving Averages(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 46,144, 48,273, 50,403
Potential support around 44,014, 41,884, 39,754
S&P
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 6,516, 6,751, 6,987
Potential support around 6,280, 6,045, 5,809
Nasdaq
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 23,598, 24,321, 25,043
Potential support around 22,876, 22,154, 21,431
Russell
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 2,561, 2,691, 2,821
Potential support around 2,430, 2,300, 2,170
Key event to watch out for (SG Time, GMT+8)
30 Mar, Mon
- 2000 Germany CPI (MoM) (Mar)
- 2230 US Fed Chair Powell Speaks
31 Mar, Tue
- 0830 Australia RBA Meeting Minutes
- 0930 China Manufacturing PMI (Mar)
- 1400 UK GDP (YoY) (Q4)
- 1700 Europe CPI (YoY) (Mar)
- 1700 Europe Core CPI (YoY) (Mar)
- 2030 Canada GDP (MoM) (Jan)
- 2145 US Chicago PMI (Mar)
- 2200 US CB Consumer Confidence (Mar)
- 2200 US JOLTS Job Openings (Feb)
01 Apr, Wed
- 1555 Germany HCOB Manufacturing PMI (Mar)
- 1600 Europe HCOB Manufacturing PMI (Mar)
- 1630 UK S&P Global Manufacturing PMI (Mar)
- 2015 US ADP Nonfarm Employment Change (Mar)
- 2030 US Retail Sales (MoM) (Feb)
- 2030 US Core Retail Sales (MoM) (Feb)
- 2200 US ISM Manufacturing PMI (Mar)
- 2230 US Crude Oil Inventories
02 Apr, Thu
- 2030 US Initial Jobless Claims
03 Apr, Fri
- Australia, Canada, Germany, Hong Kong, Switzerland, the UK and the US are on holiday
- 2030 US Nonfarm Payrolls (Mar)
- 2030 US Unemployment Rate (Mar)
- 2145 US S&P Global Services PMI (Mar)
