US Market 11 Apr 2020

US market closed higher.  On the weekly chart, Dow, S&P and Russell broke lhf.

BDI closed higher while Harpex closed lower.

The dollar index closed lower.

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

• None

Neutral 

• None

DT 

• Dow (1)
• S&P (1)
• Russell (1)

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 24,170, 24,837, 25,326, 25,645, 25,784

Potential support around 23,567, 23,435, 23,175, 22,776, 22,121, 22,027, 21,659, 21,099

S&P
Daily DT, Weekly DT

Potential resistance around 2,814, 2,825, 2,854, 2,874, 2,940, 2,983, 3,022

Potential support around 2,786, 2,747, 2,710, 2,593, 2,551, 2,506, 2,480

Nasdaq
Daily DT, Weekly Neutral

Potential resistance around 8,002, 8,196, 8,428, 8,781, 9,243, 9,653, 9,873, 10,595

Potential support around 7,859, 7,706, 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily DT, Weekly DT
Potential resistance around 1,259, 1,287, 1,296, 1,341, 1,388, 1,420

Potential support around 1,240, 1,213, 1,185, 1,164, 1,137, 1,114, 1,095

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

13 Apr, Mon

• No important data

14 Apr, Tue

• No important data

15 Apr, Wed

• 2030 US Core Retail Sales (MoM) (Mar) 
• 2030 US Retail Sales (MoM) (Mar)
• 2200 Canada BoC Monetary Policy Report  
• 2200 Canada BoC Interest Rate Decision 
• 2230 US Crude Oil Inventories 
• 2315 Canada BOC Press Conference  

16 Apr, Thu

• 0830 Australia Employment Change (Mar) 
• 1400 German Ifo Business Climate Index (Apr)
• 2030 US Building Permits (Mar)
• 2030 US Initial Jobless Claims 
• 2030 US Philadelphia Fed Manufacturing Index (Apr)

17 Apr, Fri

• 1000 China GDP (YoY) (Q1)
• 1000 China Industrial Production (YoY) (Mar) 
• 1700 Europe CPI (YoY) (Mar)