US Markets 11 Apr 26

The US market broke the previous week's high and closed higher.

BDI, Harpex, CDFI, and CCFI closed higher.

The dollar index broke the consolidated support level and closed lower.

Watch out for

• 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 

• 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  6,987, 7,222

Potential support around 6,751, 6,516, 6,280

Nasdaq
Daily DT, Weekly UT

Potential resistance around 25,766, 26,488

Potential support around 25,043, 24,321, 23,598

Russell
Daily DT, Weekly UT

Potential resistance around  2,691, 2,821

Potential support around 2,561, 2,430, 2,300

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

13 Apr, Mon

• 2200 US Existing Home Sales (Mar)

14 Apr, Tue

• 2030 US PPI (MoM) (Mar)

15 Apr, Wed

• 2030 US NY Empire State Manufacturing Index (Apr)
• 2230 US Crude Oil Inventories

16 Apr, Thu

• 0930 Australia Unemployment Rate (Mar)
• 1000 China Industrial Production (YoY) (Mar)
• 1000 China GDP (YoY) (Q1)
• 1400 UK GDP (MoM) (Feb)
• 1700 Europe CPI (YoY) (Mar)
• 2030 US Philadelphia Fed Manufacturing Index (Apr)
• 2030 US Initial Jobless Claims

17 Apr, Fri

• No important data