US Market 10 Apr 2021

US market closed higher except for Russell closed lower.  Dow and S&P created a historic high.

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

The dollar index broke hlf (higher low formation) and closed lower.

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 35,495

Potential support around 33,365, 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 14,207, 14,930

Potential support around 13,485, 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)

12 Apr, Mon

• 1700 Europe Retail Sales (YoY)

13 Apr, Tue

• 1400 UK GDP
• 1400 UK Monthly GDP 3M/3M Change
• 1630 UK Manufacturing Production (MoM) (Feb)
• 1700 German ZEW Economic Sentiment (Apr)
• 2030 US Core CPI (MoM) (Mar)

14 Apr, Wed

• 1000 New Zealand RBNZ Interest Rate Decision
• 1000 New Zealand RBNZ Rate Statement
• 1415 Japan BoJ's Governor Kuroda speech
• 2230 US Crude Oil Inventories

15 Apr, Thu

• 0000 US Fed's Chair Powell speech
• 0930 Australia Employment Change (Mar)
• 1400 German Harmonized Index of Consumer Prices (YoY)
• 2030 US Core Retail Sales (MoM) (Mar)
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Apr)
• 2030 US Retail Sales (MoM) (Mar)

16 Apr, Fri

• 1000 China GDP (YoY) (Q1)
• 1000 China Industrial Production (YoY) (Mar)
• 1700 Europe CPI (YoY) (Mar)
• 2030 US Building Permits (Mar)
• 2200 US Michigan Consumer Sentiment Index