US Market 17 Apr 2021

US market closed higher.  Dow and S&P closed at historic high.  Russell consolidating.

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

Dollar Index 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 4,396

Potential support around 4,161, 3,925, 3,690, 3,579, 3,454, 3,388

Nasdaq
Daily UT, 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)

19 Apr, Mon

• No important data

20 Apr, Tue

• 0930 Australia RBA Meeting Minutes
• 0930 China PBoC Loan Prime Rate
• 1400 UK Average Earnings Index +Bonus (Feb)
• 1400 UK Claimant Count Change (Mar)
• 1600 Europe ECB Bank Lending Survey

21 Apr, Wed

• 0645 New Zealand CPI (QoQ) (Q1)
• 0930 Australia Retail Sales (MoM)  
• 1400 UK CPI (YoY) (Mar)
• 1830 UK BoE Gov Bailey Speaks
• 2030 Canada Core CPI (MoM) (Mar)
• 2200 Canada BoC Monetary Policy Report 
• 2200 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories
• 2300 Canada BOC Press Conference  

22 Apr, Thu

• 1945 Europe Deposit Facility Rate (Apr)
• 1945 Europe ECB Marginal Lending Facility
• 1945 Europe ECB Interest Rate Decision (Apr)
• 2030 Europe ECB Monetary Policy Statement and Press Conference
• 2030 US Initial Jobless Claims
• 2200 US Existing Home Sales (Mar)

23 Apr, Fri

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