US Markets 19 Apr 25

The US market closed lower, except for the Russell, which closed higher. While the Dow broke the previous week's high and reversed, the S&P, Nasdaq, and Russell closed with an inside day on the weekly chart.

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

The dollar index closed lower with an inside day on the weekly chart.

Watch out for

• Short trading week
• Manufacturing and Services PMI by the US and Europe

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 are based on 50 Simple Moving Averages.

Dow
Daily DT, Weekly UT
Potential resistance around 39,754, 41,884, 44,014, 46,144

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

S&P
Daily DT, Weekly UT

Potential resistance around 5,338, 5,574, 5,809, 6,045

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

Nasdaq
Daily DT, Weekly UT

Potential resistance around 18,542, 19,264, 19,986, 20,709

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

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

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

21 Apr, Mon

• New Zealand, Hong Kong, and most of Europe are on holiday
• 0915 China PBoC Loan Prime Rate

22 Apr, Tue

• 1300 Japan BoJ Core CPI (YoY)

23 Apr, Wed

• 1530 Germany HCOB Manufacturing PMI (Apr)
• 1530 Germany HCOB Services PMI (Apr)
• 1600 Europe HCOB Manufacturing PMI (Apr)
• 1600 Europe HCOB Services PMI (Apr)
• 1630 UK S&P Global Manufacturing PMI (Apr) 
• 1630 UK S&P Global Services PMI (Apr) 
• 2030 Canada New Housing Price Index (MoM) (Mar)
• 2145 US S&P Global Manufacturing PMI (Apr) 
• 2145 US S&P Global Services PMI (Apr) 
• 2200 US New Home Sales (Mar)
• 2230 US Crude Oil Inventories

24 Apr, Thu

• 2030 US Initial Jobless Claims
• 2030 US Core Durable Goods Orders (MoM) (Mar)  
• 2030 US Durable Goods Orders (MoM) (Mar)  
• 2200 US Existing Home Sales (Mar)

25 Apr, Fri

• New Zealand and Australia are on holiday
• 0730 Japan Tokyo Core CPI (YoY) (Apr)
• 1400 UK Core Retail Sales (YoY) (Mar)
• 1400 UK Retail Sales (YoY) (Mar)
• 2030 Canada Core Retail Sales (MoM) (Feb)
• 2030 Canada Retail Sales (MoM) (Feb)
• 2200 US Michigan Consumer Sentiment (Apr)