US Markets 14 Mar 26

The US market continued to close lower.  While the Dow and S&P have entered a downtrend, the Russell has turned neutral.

While BDI closed higher, Harpex remained unchanged, and CDFI and CCFI closed higher.

The dollar index broke the 100.3 resistance and continued to rally.

Watch out for

• Interest rate decisions by Australia, Canada, the US, Japan, Switzerland, the UK 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 48,273, 50,403

Potential support around 46,144, 44,014, 41,884

S&P
Daily DT, Weekly UT

Potential resistance around 6,751, 6,987, 7,222

Potential support around 6,516, 6,280, 6,045

Nasdaq
Daily DT, Weekly UT

Potential resistance around 24,321, 25,043, 25,766

Potential support around 23,598, 22,876, 22,154

Russell
Daily Neutral, Weekly UT

Potential resistance around 2,561, 2,691, 2,821

Potential support around 2,430, 2,300, 2,170

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

16 Mar, Mon

• 1000 China Industrial Production (YoY) (Feb)
• 1000 China NBS Press Conference
• 2030 US NY Empire State Manufacturing Index (Mar)
• 2030 Canada CPI (MoM) (Feb)
• 2030 Canada Core CPI (MoM) (Feb)

17 Mar, Tue

• 1130 Australia RBA Interest Rate Decision (Mar)
• 1800 Europe ZEW Economic Sentiment (Mar)
• 1800 Germany ZEW Economic Sentiment (Mar)

18 Mar, Wed

• 1800 Europe CPI (YoY) (Feb)
• 2030 US PPI (MoM) (Feb)
• 2145 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories

19 Mar, Thu

• 0200 US Fed Interest Rate Decision
• 0200 US FOMC Statement
• 0230 US FOMC Press Conference
• 1100 Japan BoJ Interest Rate Decision
• 1500 UK Unemployment Rate (Jan)
• 1500 UK Claimant Count Change (Feb)
• 1630 Switzerland SNB Interest Rate Decision (Q1)
• 2000 UK BoE Interest Rate Decision (Mar)
• 2030 US Philadelphia Fed Manufacturing Index (Mar)
• 2030 US Initial Jobless Claims
• 2115 Europe ECB Interest Rate Decision (Mar)
• 2145 Europe ECB Press Conference
• 2200 US New Home Sales (Jan)

20 Mar, Fri

• Japan on holiday
• 2030 Canada Core Retail Sales (MoM) (Jan)
• 2030 Canada Retail Sales (MoM) (Jan)