US Markets 13 Apr 24

The US market broke the previous week's low and closed lower, except the Nasdaq closed lower with an inside day.
The Nasdaq is consolidating.

While BDI and CDFI rebounded to close higher, Harpex continued to close higher, and CCFI continued to close lower.

The dollar index broke out of consolidation, rallied and closed higher.

Watch out for

• Multiple countries are reporting Retail Sales and CPI data
• China GDP

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 

• S&P

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 Averages.

Dow
Daily UT, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,338

Potential support around 5,103, 4,867, 4,632, 4,396, 4,161

Nasdaq
Daily UT, Weekly UT

Potential resistance around 18,542

Potential support around 17,819, 17,097, 16,374, 15,652

Russell
Daily UT, Weekly UT
Potential resistance around 2,040, 2,170, 2,300

Potential support around 1,910, 1,779, 1,649, 1,519

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

15 Apr, Mon

• 2030 US Core Retail Sales (MoM) (Mar)
• 2030 US Retail Sales (MoM) (Mar)

16 Apr, Tue

• 1000 China GDP (YoY) (Q1)
• 1000 China Retail Sales (YoY) (Mar)
• 1000 China Industrial Production YoY (Mar)
• 1400 UK Unemployment Rate (Feb)
• 1700 German ZEW Economic Sentiment Index (Apr)
• 2030 US Building Permits (Mar) 
• 2030 Canada Core CPI (YoY) (Mar)
• 2030 Canada CPI (YoY) (Mar)

17 Apr, Wed

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

18 Apr, Thu

• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Apr)
• 2200 US Existing Home Sales (Mar)

19 Apr, Fri

• 0730 Japan National CPI (MoM)
• 0730 Japan National Core CPI (MoM)
• 1400 UK Retail Sales (YoY) (Mar)
• 1400 UK Core Retail Sales (YoY) (Mar)