Indices Performance Chart - 24 Oct 15

Most markets rallied on Thur and Fri after ECB’s Draghi hints at more QE in December on Thur and PBOC lowering the one-year benchmark bank lending rate by 25 basis points to 4.35 percent

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

• None

Neutral

• None

DT

• Dow (1) (increased for 1st week)
• S&P (1) (decreased for 2nd week)
• Nasdaq (decreased for 2nd week)
• Russell (decreased for 2nd week)

Note
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT 

US markets broke hlf on Wed and rallied on Thu and the momentum continue to Fri,  Nasdaq was about 50pts away from Jul 2015 high due to better than expected corporate earning.  Dow and S&P was not too far historic high.  Russell was the worse performer, formed an inside day in weekly chart.  A pull back is always welcome before the run continue.

Dow
Daily Neutral, Weekly Neutral
Potential resistance around 17,829, 18,189, 18,367
Potential support around 17,600, 17,400, 17,271, 17,083

S&P
Daily DT, Weekly UT
Potential resistance around 2,102, 2,116, 2,129, 2,137
Potential support around 2,061, 2,045, 2,028, 1,996

Nasdaq
Daily Neutral, Weekly UT
Potential resistance around 4,600, 4,640, 4,682
Potential support around 4,537, 4,500, 4,347, 4,271

Russell
Daily DT, Weekly Neutral
Potential resistance around 1,164, 1,185, 1,213, 1,240, 1,274
Potential support around 1,137, 1,114, 1,082, 1,049