US Market 27 Mar 2021

US market closed mixed. 
On the weekly chart, Dow and S&P broke hlf (higher low formation), recovered and closed higher with a +roc (close price > open price).  Nasdaq and Russell broke hlf and recovered too but closed lower with a -roc (close price < open price).

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

The Dollar Index broke out of resistance.

Watch out for 

• China Manufacturing PMI
• US President Biden speech
• US NFP

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

UT 

• None

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 2,300, 2,430

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

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

• No important data

30 Mar, Tue

• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2200 US CB Consumer Confidence (Mar)

31 Mar, Wed

• 0900 China Manufacturing PMI (Mar)
• 1400 UK GDP (YoY) (Q4)
• 1555 German Unemployment Change (Mar)
• 1700 Europe CPI (YoY) (Mar)  
• 2000 US President Biden speech
• 2015 US ADP Nonfarm Employment Change (Mar)
• 2200 US Pending Home Sales (MoM) (Feb)
• 2230 US Crude Oil Inventories

01 Apr, Thu

• 0750 Japan Tankan Large Manufacturers Index (Q1)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q1)
• 0830 Australia Retail Sales (MoM)
• 0830 Australia Trade Balance (MoM)
• 0945 China Caixin Manufacturing PMI (Mar)
• 1400 German Retail Sales (YoY)
• 1555 German Manufacturing PMI (Mar)
• 1630 UK Manufacturing PMI (Mar)
• 2030 Canada Building Permits (MoM)
• 2030 US Initial Jobless Claims
• 2200 US ISM Manufacturing PMI (Mar)

02 Apr, Fri

• Most countries are on holiday
• 2030 US Nonfarm Payrolls (Mar)
• 2030 US Unemployment Rate (Mar)