US Markets 09 Mar 19

On the weekly charts, US markets broke hlf, support was tested (except for DOW did not) and rebounded to close above support.

Dollar Index broke lhf on the weekly charts.  It also broke and closed above 97.3 resistance.

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

• Dow
• 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 UT, Weekly UT
Potential resistance around 25,645, 25,784, 26,245, 26,627, TLU11, 26,976, 29,106

Potential support around 25,326, 24,837, 24,170, 23,567, 23,435, TLU6, 23,175

S&P
Daily UT, Weekly UT

Potential resistance around 2,786, 2,814, 2,825, 2,874, 2,940, 2,983, 3,219

Potential support around 2,747, 2,710, 2,593 2,551, 2,506, 2,480, 2,450

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,134, 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 6,982, 6,516, TLU3, TLU4, 6,346, TLU4, 6,261, 6,061, 5,950

Russell
Daily UT, Weekly Neutral
Potential resistance around 1,543, 1,585, 1,609, 1,624, 1,683, 1,708, 1,743

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

Key event to watch out  (SG Time)
11 Mar, Mon

• 2030 US Core Retail Sales (MoM) (Jan) 
• 2030 US Retail Sales (MoM) (Jan)

12 Mar, Tue

• 1730 UK GDP (MoM) 
• 1730 UK Manufacturing Production (MoM) (Jan)
• 1730 UK Monthly GDP 3M/3M Change 
• 2030 US Core CPI (MoM) (Feb)

13 Mar, Wed

• 0200 UK Parliament vote on Brexit deal 
• 2030 UK Annual Budget Release  
• 2030 UK Spring Forecast Statement  
• 2030 US Core Durable Goods Orders (MoM) (Jan)
• 2030 US PPI (MoM) (Feb)
• 2300 US Crude Oil Inventories 

14 Mar, Thu

• 1000 China Industrial Production (YoY) (Jan) 
• 2030 US Retail Sales (MoM)
• 2200 US New Home Sales (Jan)

15 Mar, Fri

• 1000 Japan BoJ Monetary Policy Statement  
• 1000 Japan BoJ Press Conference  
• 1800 Europe CPI (YoY) (Feb)
• 2200 US Michigan Consumer Sentiment Index