US Market 07 Mar 2020

On the weekly chart, US market (except Russell) closed higher with an inside day.  Russell broke pwl and closed lower.

BDI closed higher, Harpex closed lower.

Dollar Index broke support.

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

• None

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 DT, Weekly UT
Potential resistance around 26,245, 26,627, 26,976, 27,350, 28,195, 28,730, 29,106

Potential support around 25,784, 25,645, 25,326, 24,837, 24,170, 23,567, 23,435, 23,175

S&P
Daily DT, Weekly UT

Potential resistance around 2,983, 3,022, 3,072, 3,155, 3,219, 3,303, 3,391, 3,690, 3,925

Potential support around 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 8,781, 8,954, 9,166, 9,243, 9,653, 9,873, 10,595

Potential support around 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily DT, Weekly Neutral
Potential resistance around 1,508, 1,519, 1,543, 1,585, 1,609, 1,624, 1,649, 1,683

Potential support around 1,451, 1,420, 1,388 TLU3, 1,341, 1,296

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

09 Mar, Mon

• 0750 Japan GDP (QoQ) (Q4)
• 0750 Japan Current Account n.s.a.

10 Mar, Tue

• 0930 China Consumer Price Index (YoY)
• 1800 Europe Gross Domestic Product s.a.

11 Mar, Wed

• 1730 UK GDP (MoM) 
• 1730 UK Manufacturing Production (MoM) (Jan)
• 2030 US Core CPI (MoM) (Feb)
• 2230 US Crude Oil Inventories 

12 Mar, Thu

• 0015 Canada BoC Press Conference
• 0830 Australia Trade Balance
• 2030 US PPI (MoM) (Feb)
• 2045 Europe Deposit Facility Rate (Mar)
• 2045 Europe ECB Interest Rate Decision (Mar)
• 2130 Europe ECB Press Conference  

13 Mar, Fri

• 1500 German Harmonized Index of Consumer Prices (YoY)
• 2300 US Michigan Consumer Sentiment Index