US Markets 18 May 19

On the weekly chart, US markets broke pdl and recovered some losses to close above pwl except for Russell closed below pwl.

BDI and Harpex closed higher.

Dollar Index closed rallied higher.


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 Neutral, Weekly UT
Potential resistance around 25,784, 26,245, 26,627, 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 2,874, 2,940, 2,983, 3,219

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

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, 6,346, 6,261

Russell
Daily UT, Weekly Neutral
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)
20 May, Mon

• Canada, Singapore holiday
• 0750 Japan GDP (QoQ) (Q1)  

21 May, Tue

• 0700 US Fed Chair Powell Speaks  
• 0930 Australia RBA Meeting Minutes  
• 1800 UK Inflation Report Hearings  
• 2200 US Existing Home Sales (MoM)

22 May, Wed

• 1500 Europe ECB President Draghi Speaks
• 1630 UK CPI (YoY) (Apr)
• 2030 Canada Core Retail Sales (MoM) (Mar) 
• 2230 US Crude Oil Inventories 

23 May, Thu

• 0200 US FOMC Meeting Minutes 
• 1400 German GDP (QoQ) (Q1)
• 1530 German Manufacturing PMI (May)  
• 1600 German Ifo Business Climate Index 
• 1600 Europe Markit PMI Composite
• 1630 UK Retail Sales (MoM) (Apr)
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting 
• 2200 US New Home Sales (Apr)

24 May, Fri

• 1630 UK Retail Sales (MoM) (Apr)
• 2030 US Core Durable Goods Orders (MoM) (Apr)