US Markets 15 Apr 23

The US market closed higher. Nasdaq and Russell closed with an inside day on the weekly chart.

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

The dollar index continues to close lower.

Watch out for

• CPI data by multiple countries
• China GDP and PBoC Loan Prime Rate

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

UT 

• S&P

Neutral 

• None

DT 

• Dow

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 are based on 50 Simple Moving Average

Dow
Daily DT, Weekly DT
Potential resistance around 35,495, 37,625, 39,754
Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily Neutral, Weekly DT

Potential resistance around 4,161, 4,396, 4,632

Potential support around 3,925, 3,690, 3,454, 3,219

Nasdaq
Daily UT, Weekly DT

Potential resistance around 13,485, 14,207, 14,930, 15,652

Potential support around 12,762, 12,040, 11,318, 10,595

Russell
Daily DT, Weekly DT
Potential resistance around 1,910, 2,040, 2,170, 2,300

Potential support around 1,779, 1,649, 1,519, 1,389, 1,259

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

17 Apr, Mon

• No important data

18 Apr, Tue

• 0930 Australia RBA Meeting Minutes 
• 0930 China GDP (YoY) (Q1) 
• 0930 China Industrial Production (YoY) (Mar)
• 1400 UK Claimant Count Change (Mar)
• 1700 German ZEW Economic Sentiment (Apr)
• 2030 US Building Permits (Mar)
• 2030 Canada Core CPI (MoM) (Mar)

19 Apr, Wed

• 1400 UK CPI (YoY) (Mar)
• 1700 Europe CPI (YoY) (Mar)
• 2230 US Crude Oil Inventories

20 Apr, Thu

• 0645 New Zealand CPI (QoQ) (Q1)
• 0915 China PBoC Loan Prime Rate
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting 
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Apr)
• 2200 US Existing Home Sales (Mar)

21 Apr, Fri

• 1400 UK Retail Sales (MoM)
• 1530 German Manufacturing PMI (Apr)  
• 2030 Canada Core Retail Sales (MoM) (Feb)