Indices Performance Chart - 29 Apr 17

Asia and US closed higher while Europe closed mixed.  Nasdaq and Russell created a historic high.
Dollar Index gapped down, tested support and move directionless.
Harpex continue to climb higher.
Wed to Fri US will release important data.

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

UT

• None

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 

US markets closed higher for the week.
Nasdaq created and closed at historic high.
Russell created a historic high but failed to closed at historic high.  Russell need to continue to stay above 1,389 for another 2 weeks and to close with +roc in the weekly chart for a breakout.
ADP Nonfarm Employment Change data release on Wed.  Thu 0200 (SGT) will have  FOMC Statement and Fed Interest Rate Decision.  Nonfarm Payrolls and Unemployment Rate  data will be on Fri.

Dow

Daily UT, Weekly UT
Potential resistance around 21,099, TLU6, 21,451
Potential support around TLU5, 20,756, TLU11, TLU2, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around 2,392, TLU5, TLU1,2,522
Potential support around 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU3, 6,261
Potential support around 5,538, TLU7, TLU5, TLU4, 5,237, TLU1, 5,041

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,389, TLU1, TLU3, TLU5, 1,519
Potential support around 1,389, 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

01 May, Mon

• UK, China, Hong Kong, Germany, France public holiday
• 2200 USD ISM Manufacturing PMI (Apr)   

02 May, Tue

• 0820 JPY Bank of Japan Governor Kuroda Speech  
• 0945 CNY Caixin Manufacturing PMI (Apr)  
• 1230 AUD RBA Interest Rate Decision (May)
• 1230 AUD RBA Rate Statement
• 1555 EUR German Manufacturing PMI (Apr)
• 1630 GBP Manufacturing PMI (Apr) 

03 May, Wed

• Japan, Hong Kong public holiday
• 0645 NZD Employment Change (QoQ) (Q1)
• 1600 EUR German Unemployment Change (Apr) 
• 1630 GBP Construction PMI (Apr) 
• 1700 EUR Gross Domestic Product s.a. (YoY) (Q1)
• 2015 USD ADP Nonfarm Employment Change (Apr) 
• 2200 USD ISM Non-Manufacturing PMI (Apr) 
• 2230 USD Crude Oil Inventories

04 May, Thu

• Japan public holiday
• 0200 USD FOMC Statement
• 0200 USD Fed Interest Rate Decision 
• 1630 GBP Services PMI (Apr) 

05 May, Fri

• Japan public holiday
• 0425 CAD BoC Gov Poloz Speaks
• 0830 AUD RBA Monetary Policy Statement 
• 2030 USD Nonfarm Payrolls (Apr)
• 2030 USD Unemployment Rate (Apr) 
• 2030 CAD Employment Change (Apr)  
• 2200 CAD Ivey PMI (Apr)