The US market closed lower. The daily chart trends of the S&P and Nasdaq have turned a downtrend.
While Harpex, BDI and CDFI closed higher, CCFI continued to close lower.
The dollar index broke 106.7 support, tested and closed above 103.6 support.
Watch out for
- Japan and UK GDP data
- Canada Interest Rate Decision
- US and Germany CPI
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Neutral DT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
Neutral
DT
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 Neutral, Weekly UT
Potential resistance around 44,014, 46,144
Potential support around 44,014, 41,884, 39,754, 37,625, 35,495
S&P
Daily DT, Weekly UT
Potential resistance around 5,809, 6,045, 6,280
Potential support around 5,574, 5,338, 5,103
Nasdaq
Daily DT, Weekly UT
Potential resistance around 20,709, 21,431, 22,154, 22,876
Potential support around 19,986, 19,264, 18,542
Russell
Daily DT, Weekly UT
Potential resistance around 2,170, 2,300, 2,430, 2,561
Potential support around 2,040, 1,910, 1,779
Key event to watch out for (SG Time, GMT+8)
10 Mar, Mon
11 Mar, Tue
- 0750 Japan GDP (QoQ) (Q4)
- 2200 US JOLTS Job Openings (Jan)
12 Mar, Wed
- 2030 US Core CPI (MoM) (Feb)
- 2030 US CPI (MoM) (Feb)
- 2130 US Crude Oil Inventories
- 2145 Canada BoC Interest Rate Decision
- 2230 Canada BOC Press Conference
13 Mar, Thu
- 0100 US 10-Year Note Auction
- 2030 US Initial Jobless Claims
- 2030 US PPI (MoM) (Feb)
14 Mar, Fri
- 0100 US 30-Year Bond Auction
- 1500 UK GDP (MoM) (Jan)
- 1500 Germany CPI (MoM) (Feb)
- 2200 US Michigan Consumer Expectations (Mar)
