Indices Performance Chart - 16 Apr 16

Most markets closed higher between 1 and 4%.

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

• S&P (1) (decreased for 2nd week)
• Nasdaq (1) (decreased for 3rd week)
• Russell (1) (increased for 1st week)

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  

US markets broke diff and lhf on Wed.  S&P, Nasdaq and Russell resisted by trend line. Thu and Fri trading range was small, looking for direction over the weekend on Doha oil freeze talks follow by corporate earning for next 1 to 2 weeks.  Will "Sell in May and go away" come again?

Dow

Daily UT, Weekly DT

Potential resistance around TLU4, 18,189, 18,637, TLU2, TLU9, TLU5

Potential support around 17,829, TLD3, 17,600, 17,271, TLD2, TLD1, 17,083

S&P

Daily UT, Weekly DT

Potential resistance around TLU4, 2,102, 2,116, 2,129, 2,137, TLU5

Potential support around 2,061, 2,045, 2,028, 1,996, 1,973

Nasdaq

Daily UT, Weekly UT
Formed outside day on weekly chart, monitor closely

Potential resistance around TLD3, TLU1, 4,640, 4,682, 4,772, TLU4, TLU6

Potential support around 4,537, 4,347, TLD2, 4,271, 4,193

Russell

Daily UT, Weekly DT

Potential resistance around  1,137, TLU2, 1,164, 1,185, 1,213

Potential support around 1,114, 1,082, 1,049, TLD3