US Markets 04 May 19

US markets closed higher with a +roc except for Dow closed lower with a -roc.  Russell created a new year high. 

BDI and Harpex closed higher.

Dollar Index failed to hold above support.

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 UT, Weekly UT
Potential resistance around 26,627, 26,976, 29,106

Potential support around 26,245, 25,784, 25,645, 25,326, 24,837, 24,170, 23,567, 23,435

S&P
Daily UT, Weekly UT

Potential resistance around 2,983, 3,219

Potential support around 2,940, 2,874, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 8,428

Potential support around 7,706, 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,624, 1,683, 1,708

Potential support around 1,609, 1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time)

06 May, Mon

• Japan and UK holiday
• No imporant data

07 May, Tue

• 0145 Canada BoC Gov Poloz Speaks  
• 0930 Australia Retail Sales (MoM) (Mar)
• 1230 Australia RBA Interest Rate Decision (May)
• 1230 Australia RBA Rate Statement  
• 2200 US JOLTs Job Openings (Mar)
• 2200 Canada Ivey PMI (Apr)

08 May, Wed

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 1000 New Zealand RBNZ Interest Rate Decision 
• 1000 New Zealand RBNZ Rate Statement  
• 1100 New Zealand RBNZ Press Conference
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2230 US Crude Oil Inventories 

09 May, Thu

• 0930 China Consumer Price Index (YoY)
• 2030 US PPI (MoM) (Apr)
• 2030 US Trade Balance

10 May, Fri

• 0930 Australia RBA Monetary Policy Statement
• 1630 UK GDP
• 1630 UK Manufacturing Production (MoM) (Mar)
• 1630 UK Monthly GDP 3M/3M Change 
• 2030 US Core CPI (MoM) (Apr)
• 2030 Canada Employment Change (Apr)