US Markets 25 May 19

On the weekly chart, US markets closed lower except Nasdaq closed higher.  Dow and S&P closed with an inside day.

BDI and Harpex closed higher.

Dollar Index closed lower.

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

• Nasdaq

Neutral 

• Dow

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 25,645, 25,784, 26,245, 26,627, 26,976, 29,106

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

S&P
Daily UT, Weekly UT

Potential resistance around 2,854, 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 1,519, 1,543, 1,585, 1,609, 1,624, 1,683, 1,708

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

Key event to watch out  (SG Time, GMT+8)
27 May, Mon

• UK, US holiday
• 1000 Japan BoJ's Governor Kuroda speech

28 May, Tue

• 1700 UK Inflation Report Hearings 
• 2200 US CB Consumer Confidence (May) 

29 May, Wed

• 0800 Japan BoJ's Governor Kuroda speech
• 1555 German Unemployment Change (May)
• 2200 Canada BoC Interest Rate Decision 
• 2200 Canada BoC Rate Statement  

30 May, Thu

• Switzerland holiday
• 2030 US GDP (QoQ) (Q1)  
• 2230 US Crude Oil Inventories 

31 May, Fri

• 1000 China Manufacturing PMI (May) 
• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2030 Canada Gross Domestic Product Annualized (QoQ)
• 2200 US Michigan Consumer Sentiment Index