US Markets 10 Mar 18

US markets closed higher.  Nasdaq created a historic high.  On the weekly charts, DOW and S&P closed with a +roc inside day.

Harpex continues to close higher.

Dollar Index consolidating between 90.6 and 88.88.

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

• Nasdaq (1)

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

Dow

Daily Neutral, Weekly UT
Potential resistance around TLD1, 25,784, 25,821, Lower Trend Channel (Blue), 25,956, 26,600, 26,976

Potential support around 24,847, 24,175, 23,567, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,788, TLU3, Lower Trend Channel (green), 2,874, 2,983

Potential support around TLD1, 2,748, 2,618,  2,593, 2,551, TLU1, 2,506

Nasdaq
Daily UT, Weekly UT
Potential resistance around  7,706

Potential support around 7,022, 6,983, TLU7, TLU6, 6,347, 6,261, 6,061, 5,952

Russell
Daily Neutral, Weekly UT
Potential resistance around TLU3, 1,609, 1,649

Potential support around 1,543, 1,519, 1,508, 1,494, 1,451, 1,420

Key event to watch out  (SG Time)

12 Mar, Mon

• No important data

13 Mar, Tue

• 1800 German ZEW Economic Sentiment (Mar) 
• UK Spring Forecast Statement
• 2030 US Core CPI (MoM) (Feb)     
• 2230 Canada BoC Gov Poloz Speaks

14 Mar, Wed 

• 1000 China Industrial Production (YoY) (Feb)
• 2030 US Core Retail Sales (MoM) (Feb)  
• 2030 US Retail Sales (MoM) (Feb) 
• 2230 US Crude Oil Inventories

15 Mar, Thu

• 0545 New Zealand GDP (QoQ) (Q4)
• 1630 Switzerland SNB Interest Rate Decision   
• 1630 Switzerland SNB Monetary Policy Assessment       
• 2030 US Philadelphia Fed Manufacturing Index (Mar)

16 Mar, Fri

• 1800 Europe CPI (YoY) (Feb) 
• 2030 US Building Permits (Feb)
• 2200 US JOLTs Job Openings (Jan)