US Markets 05 May 18

US markets closed mixed for the week.
Dow and S&P broke pwl, losses were trimmed to close with a -roc.  Nasdaq and Russell closed with a +roc.

Harpex continues to climb higher.

Dollar Index continues to close higher.

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 

• S&P

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 TLU11, 24,847, TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 24,175, TLD1, 23,567, 23,435, 23,175, 22,776, TLU6, 22,121

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,710, 2,748, 2,800, TLU3, Lower Trend Channel (green), 2,874

Potential support around  2,593, TLD1, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around  6,857, 6,983, TLU7, 7,134, 7,706

Potential support around TLU6, 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

Russell
Daily UT, Weekly UT
Potential resistance around 1,585, 1,609, TLU3, 1,649

Potential support around 1,543, 1,519, 1,508, 1,494, TLD1, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)

07 May, Mon

• UK Holiday
• 0750 Japan BoJ Monetary Policy Meeting Minute

08 May, Tue

• 0930 Australia Retail Sales (MoM) (Mar)
• 2200 US JOLTs Job Openings (Mar)

09 May, Wed

• 2030 US PPI (MoM) (Apr)
• 2230 US Crude Oil Inventories

10 May, Thu

• 0500 New Zealand RBNZ Interest Rate Decision
• 0500 New Zealand RBNZ Rate Statement
• 0600 New Zealand RBNZ Press Conference
• 1630 UK Manufacturing Production (MoM) (Mar) 
• 1900 UK BoE Inflation Report
• 1900 UK BoE Interest Rate Decision (May) 
• 2030 US Core CPI (MoM) (Apr)

11 May, Fri

• 2030 Canada Employment Change (Apr)