US Markets 16 Mar 19

US markets closed higher.  S&P and Nasdaq broke lhf on the weekly chart.  Dow broke pwl, recovered and closed with a strong +roc while Russell closed with an inside day.

BDI and Harpex rebounded.

Dollar Index had a false breakout.

21 Mar 0200 Hrs will have US interest rate decision and UK Parliament vote on Brexit deal at 0300 Hrs

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

Potential support around 25,645, 25,326, 24,837, 24,170, 23,567, 23,435

S&P
Daily UT, Weekly UT

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

Potential support around 2,814, 2,786, 2,747, 2,710, 2,593 2,551, 2,506

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,516, 7,706, 8,428

Potential support around 7,282, 7,134, 6,982, 6,516, TLU3, TLU4, 6,346, TLU4, 6,261

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

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

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

• No important data

19 Mar, Tue

• 0830 Australia RBA Meeting Minutes  
• 1730 UK Average Earnings Index +Bonus (Jan)
• 1730 UK Claimant Count Change (Feb) 
• 1800 German ZEW Economic Sentiment (Mar)

20 Mar, Wed

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 1730 UK CPI (YoY) (Feb)
• 2230 US Crude Oil Inventories 

21 Mar, Thu

• Japan Holiday
• 0200 US FOMC Economic Projections  
• 0200 US Fed Interest Rate Decision 
• 0200 US FOMC Statement 
• 0230 US FOMC Press Conference  
• 0300 UK Parliament vote on Brexit deal 
• 0930 Australia Employment Change (Feb) 
• 1630 Switzerland SNB Interest Rate Decision 
• 1630 Switzerland SNB Monetary Policy Assessment  
• 1700 Switzerland SNB Press Conference  
• 1730 UK Retail Sales (MoM) (Feb)
• 2000 UK BoE Interest Rate Decision (Mar)
• 2030 US Philadelphia Fed Manufacturing Index (Mar)

22 Mar, Fri

• 1630 German Manufacturing PMI (Mar)  
• 1700 Europe Manufacturing PMI
• 2030 Canada Core CPI (MoM) (Feb)
• 2030 Canada Core Retail Sales (MoM) (Jan)
• 2200 US Existing Home Sales (MoM)