US Markets 30 Mar 19

US markets broke pwl, recovered and closed higher with a +roc.

Harpex continues to climb higher for the past few weeks.

Dollar Index had recovered and closed the gap.

Most countries will be reporting their Manufacturing PMI data this week.  US will have NFP data on Fri.


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 26,245, 26,627, TLU11, 26,976, 29,106

Potential support around 25,784, 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 UT
Potential resistance around 1,543, 1,585, 1,609, 1,624, 1,683, 1,708

Potential support around 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time)
01 Apr, Mon

• 0750 Japan Tankan Large Manufacturers Index (Q1)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q1)
• 0945 China Caixin Manufacturing PMI (Mar) 
• 1555 German Manufacturing PMI (Mar)
• 1630 UK Manufacturing PMI (Mar)
• 1700 Europe CPI (YoY) (Mar)
• 2030 US Core Retail Sales (MoM) (Feb) 
• 2030 US Retail Sales (MoM) (Feb) 
• 2200 US ISM Manufacturing PMI (Mar) 

02 Apr, Tue

• 1130 Australia RBA Interest Rate Decision (Apr)
• 1130 Australia RBA Rate Statement  
• 1630 UK Construction PMI (Mar)
• 2030 US Core Durable Goods Orders (MoM) (Feb)

03 Apr, Wed

• 0830 Australia Trade Balance
• 1630 UK Services PMI (Mar)
• 2015 US ADP Nonfarm Employment Change (Mar)
• 2200 US ISM Non-Manufacturing PMI (Mar)
• 2230 US Crude Oil Inventories 

04 Apr, Thu

• 1930 Europe ECB Publishes Account of Monetary Policy Meeting 
• 2200 Canada Ivey PMI (Mar)

05 Apr, Fri

• Hong Kong and China holiday
• 2030 US Nonfarm Payrolls (Mar)
• 2030 US Unemployment Rate (Mar) 
• 2030 Canada Employment Change (Mar)