On the weekly chart, the US market broke pwl (previous week low), some of the losses were trimmed before closing mixed. Dow and S&P closed higher while Nasdaq and Russell closed lower.
BDI, CDFI, and Harpex closed higher.
CCFI closed lower.
The Dollar Index broke out from consolidating and closed higher.
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- Dow
- Russell
- None
- None
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- 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(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily UT, Weekly UT
Potential resistance around 33,365, 35,495
Potential resistance around 33,365, 35,495
Potential support around 31,236, 29,407, 29,106, 28,912, 28,195
S&P
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 3,925, 4,161, 4,396
Potential support around 3,690, 3,579, 3,454, 3,388, 3,219, 3,155
Nasdaq
Daily Neutral, Weekly UT
Potential resistance around 12,762, 13,485, 14,207, 14,930
Potential support around 12,410, 12,040, 11,318, 10,856
Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430
Potential support around 2,170, 2,040, 1,910, 1,779, 1,743, 1,708
Key event to watch out (SG Time, GMT+8)
08 Mar, Mon
- 0750 Japan Current Account n.s.a.
- 1800 UK BoE's Governor Bailey speech
09 Mar, Tue
- 0750 Japan GDP
- 1800 Europe GDP
10 Mar, Wed
- 0930 China Consumer Price Index (YoY)
- 2130 US Core CPI (MoM) (Feb)
- 2300 Canada BoC Interest Rate Decision
- 2330 US Crude Oil Inventories
11 Mar, Thu
- 2045 Europe Deposit Facility Rate (Mar)
- 2045 Europe ECB Interest Rate Decision (Mar)
- 2130 US Initial Jobless Claims
- 2130 Europe ECB Press Conference
- 2300 US JOLTs Job Openings (Jan)
12 Mar, Fri
- 1500 UK GDP (QoQ)
- 1500 German Harmonized Index of Consumer Prices
- 2130 US PPI (MoM) (Feb)
- 2130 Canada Employment Change (Feb)
- 2300 US Michigan Consumer Sentiment Index
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