US Market 18 Apr 2020

US market closed higher except for Russell closed lower with a small roc.

BDI closed higher while Harpex closed lower.

Dollar Index consolidating since mid of Mar.

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 24,837, 25,326, 25,645, 25,784, 26,245, 26,627

Potential support around 24,170, 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 2,940, 2,983, 3,022, 3,072, 3,155, 3,219

Potential support around 2,874, 2,854, 2,825, 2,814,  2,786, 2,747, 2,710, 2,593, 2,551, 2,506, 2,480

Nasdaq
Daily DT, Weekly UT

Potential resistance around 9,243, 9,653, 9,723, 9,873, 10,595

Potential support around 8,781, 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily DT, Weekly DT
Potential resistance around 1,240, 1,259, 1,287, 1,296, 1,341, 1,388, 1,420

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

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

20 Apr, Mon

• 0645 New Zealand CPI (QoQ) (Q1)
• 0930 China PBoC Loan Prime Rate 

21 Apr, Tue

• 0930 Australia RBA Meeting Minutes  
• 1300 Australia RBA's Governor Lowe speech
• 1400 UK Average Earnings Index +Bonus (Feb)
• 1400 UK Claimant Count Change (Mar) 
• 1700 German ZEW Economic Sentiment (Apr)
• 2030 Canada Core Retail Sales (MoM) (Feb) 
• 2200 US Existing Home Sales (Mar)

22 Apr, Wed

• 1400 UK CPI (YoY) (Mar)
• 2030 Canada Core CPI (MoM) (Mar)
• 2230 US Crude Oil Inventories 

23 Apr, Thu

• 1400 UK Retail Sales (MoM) (Mar)
• 1530 German Manufacturing PMI (Apr)  
• 1600 Europe Markit PMI Composite
• 1630 UK Composite PMI  
• 1630 UK Manufacturing PMI  
• 1630 UK Services PMI  
• 2030 US Initial Jobless Claims 
• 2200 US New Home Sales (Mar)

24 Apr, Fri

• 1400 UK Retail Sales (MoM) (Mar)
• 1600 German Ifo Business Climate Index (Apr)
• 2030 US Core Durable Goods Orders (MoM) (Mar)
• 2200 US Michigan Consumer Sentiment Index