US Markets 31 Mar 18

US markets closed mixed.  On the weekly chart, Nasdaq and Russell broke pdl and recovered while DOW and S&P closed with an inside day.

Harpex hit a new high since 2016.
Dollar Index consolidating.

Europe will be releasing Manufacturing PMI on Wed while US NFP is on Fri

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

• Nasdaq

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 DT, Weekly UT
Potential resistance around 24,175, TLU11, TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 23,567, 23,175, 22,776, TLU6, 22,121

S&P
Daily DT, Weekly UT

Potential resistance around TLD1, 2,748, 2,800, TLU3, Lower Trend Channel (green), 2,874

Potential support around  2,593, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily DT, Weekly UT
Potential resistance around  TLU6, 69836 TLU7, 7,022, 7,706

Potential support around 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

Russell
Daily DT, Weekly UT
Potential resistance around 15,43, 1,566, 1,609, TLU3, 1,649

Potential support around TLD1, 1,519, 1,508, 1,494, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)

02 Apr, Mon

• Australia, Hong Kong and most Europe countries holiday
• 0750 Japan Tankan Large Manufacturers Index (Q1) 
• 0750 Japan Tankan Large Non-Manufacturers Index (Q1)  
• 0945 China Caixin Manufacturing PMI (Mar)  
• 2200 US ISM Manufacturing PMI (Mar)

03 Apr, Tue

• 1230 Australia RBA Interest Rate Decision (Apr) 
• 1230 Australia RBA Rate Statement
• 1555 German Manufacturing PMI (Mar) 
• 1630 UK Manufacturing PMI (Mar)

04 Apr, Wed 

• 0930 Australia Retail Sales (MoM) (Feb) 
• 1630 UK Construction PMI (Mar)
• 1700 Europe CPI (YoY) (Mar)
• 2015 US ADP Nonfarm Employment Change (Mar) 
• 2200 US ISM Non-Manufacturing PMI (Mar) 
• 2230 US Crude Oil Inventories

05 Apr, Thu

• Hong Kong and China holiday
• 1630 UK Services PMI (Mar)
• 1930 Europe ECB Monetary Policy Meeting Accounts   

06 Apr, Fri

• China holiday
• 2030 US Nonfarm Payrolls (Mar)
• 2030 US Unemployment Rate (Mar) 
• 2030 Canada Employment Change (Mar) 
• 2200 Canada Ivey PMI (Mar)
• 2315 UK BoE Gov Carney Speaks

07 Apr, Sat

• 0130 US Fed Chair Powell Speaks