US Market 13 Mar 2021

On the weekly chart, the US market broke lhf (lower high formation) and closed higher except for Nasdaq closed higher with an inside day.
Dow, S&P and Russell closed with a historic high.

BDI and Harpex closed higher.
CDFI and CCFI closed lower.

The Dollar Index closed lower.

Watch out for 

• Starting from 15 Mar 2021 (Mon), the US stock trading hours will start from 2130 Hrs  (SGT).
• FOMC Statement on 18 Mar (Thu) 0200 Hrs (SGT)

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

UT 

• Dow

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 UT, Weekly UT
Potential resistance around 33,365, 35,495

Potential support around 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,161, 4,396

Potential support around 3,925, 3,690, 3,579, 3,454, 3,388

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 13,485, 14,207, 14,930

Potential support around 12,762, 12,410, 12,040, 11,318

Russell
Daily UT, Weekly UT
Potential resistance around 2,430

Potential support around 2,300, 2,170, 2,040, 1,910, 1,779

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

15 Mar, Mon

• 1000 China Industrial Production (YoY) (Feb)
• 1000 China Retail Sales (YoY)

16 Mar, Tue

• 0830 Australia RBA Meeting Minutes
• 1800 German ZEW Economic Sentiment (Mar)
• 2030 US Core Retail Sales (MoM) (Feb)
• 2030 US Retail Sales (MoM) (Feb)

17 Mar, Wed

• 1800 Europe CPI (YoY) (Feb)
• 2030 US Building Permits (Feb)
• 2030 Canada Core CPI (MoM) (Feb)
• 2230 US Crude Oil Inventories

18 Mar, Thu

• 0200 US FOMC Statement  
• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Press Conference  
• 0545 New Zealand GDP (QoQ) (Q4)
• 0830 Australia Employment Change (Feb)
• 2000 UK BoE Interest Rate Decision (Mar)
• 2000 UK Bank of England Minutes
• 2030 US Philadelphia Fed Manufacturing Index (Mar)
• 2130 US Initial Jobless Claims

19 Mar, Fri

• 0830 Australia Retail Sales (MoM)
• 1030 Japan BoJ Interest Rate Decision
• 1400 Japan BoJ Press Conference  
• 2030 Canada Core Retail Sales (MoM) (Jan)