US Markets 04 Apr 26

The US market broke the previous week's low and recovered to close higher.

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

The dollar index consolidated and closed lower.

Watch out for

• Short trading week for Hong Kong
• China and US CPI data
• US GDP
• FOMC Meeting Minutes
• Services PMI data from multiple countries

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 DT, 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)

06 Apr, Mon

• Australia, China, Germany, Hong Kong, Switzerland and the UK are on holiday
• 2200 US ISM Non-Manufacturing PMI (Mar)

07 Apr, Tue

• Hong Kong is on holiday
• 1555 Germany HCOB Services PMI (Mar)
• 1600 Europe HCOB Services PMI (Mar)
• 1630 UK S&P Global Services PMI (Mar)
• 2030 US Durable Goods Orders (MoM) (Feb)
• 2030 US Core Durable Goods Orders (MoM) (Feb)
• 2200 Canada Ivey PMI (Mar)

08 Apr, Wed

• 1000 New Zealand RBNZ Interest Rate Decision
• 2230 US Crude Oil Inventories

09 Apr, Thu

• 0100 US 10-Year Note Auction
• 0200 US FOMC Meeting Minutes
• 2030 US Core PCE Price Index (MoM) (Feb)
• 2030 US GDP (QoQ) (Q4)
• 2030 US Initial Jobless Claims

10 Apr, Fri

• 0100 US 30-Year Bond Auction
• 0930 China CPI (YoY) (Mar)
• 1400 Germany CPI (MoM) (Mar)
• 2030 US CPI (MoM) (Mar)
• 2030 US Core CPI (MoM) (Mar)
• 2030 Canada Unemployment Rate (Mar)
• 2030 Canada Employment Change (Mar)