US Market 04 Apr 2020

US market closed lower with a -roc.  On the weekly chart, Dow and Russell closed with an inside day.  S&P and Nasdaq broke pwh but failed to hold and reverse to close lower.

BDI closed higher while Harpex closed lower.

The dollar index closed higher.

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

• None

Neutral 

• None

DT 

• Dow (1)
• S&P (1)
• Russell 

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 DT
Potential resistance around 21,099, 21,659, 22,027, 22,121, 22,776, 23,175

Potential support around 20,756, 118,669, 18,557, 18,367, 18,017, 17,079, 16,328, 15,778

S&P
Daily DT, Weekly DT

Potential resistance around 2,506, 2,551, 2,593, 2,710, 2,747, 2,786, 2,814

Potential support around 2,480, 2,450, 2,406, 2,392, 2,366, 2,187, 2161

Nasdaq
Daily DT, Weekly Neutral

Potential resistance around 7,706, 7,859, 8,002, 8,196, 8,428, 8,781, 9,243

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily DT, Weekly DT
Potential resistance around 1,082, 1,095, 1,114, 1,137, 1,164, 1,185, 1,213, 1,240, 1,296

Potential support around 1,049, 1,009, 998, 951, 900, 866, 740

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

06 Apr, Mon

• China Holiday
• 1630 UK Construction PMI (Mar)

07 Apr, Tue

• 0300 OPEC Meeting
• 1230 Australia RBA Interest Rate Decision (Apr)
• 1230 Australia RBA Rate Statement  
• 2200 US JOLTs Job Openings (Feb)
• 2200 Canada Ivey PMI (Mar)

08 Apr, Wed

• 0750 Japan Current Account n.s.a.
• 2030 Canada Building Permits (MoM)
• 2230 US Crude Oil Inventories 

09 Apr, Thu

• 0200 US FOMC Meeting Minutes  
• 0830 Japan BoJ's Governor Kuroda speech
• 1400 UK GDP
• 1400 UK Manufacturing Production (MoM) (Feb)
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2030 US Initial Jobless Claims 
• 2030 US PPI (MoM) (Mar) 
• 2030 Canada Employment Change (Mar)
• 2200 US Michigan Consumer Sentiment Index

10 Apr, Fri

• Most countries are on holiday
• 0930 China Consumer Price Index (YoY)
• 2030 US Core CPI (MoM) (Mar)