The US market closed higher while consolidating. The S&P, Nasdaq and Russell closed with an outside day on the weekly chart.
While CDFI and CCFI continued to close higher, BDI reversed to close higher, and Harpex closed lower.
The dollar index broke the previous week's low and recovered to close higher.
Watch out for
- Short trading week for China
- GDP and PMI data from multiple countries
- Japan Interest Rate Decision
- US NFP
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- None
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- 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.(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily DT, Weekly UT
Potential resistance around 41,884, 44,014, 46,144
Daily DT, Weekly UT
Potential resistance around 41,884, 44,014, 46,144
Potential support around 39,754, 37,625, 35,495, 33,365
S&P
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 5,574, 5,809, 6,045
Potential support around 5,338, 5,103, 4,867, 4,632
Nasdaq
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 19,986, 20,709, 21,431
Potential support around 19,264, 18,542, 17,819, 17,097
Russell
Daily DT, Weekly DT
Potential resistance around 2,040, 2,170, 2,300
Daily DT, Weekly DT
Potential resistance around 2,040, 2,170, 2,300
Potential support around 1,910, 1,779, 1,649, 1,519, 1,389
Key event to watch out for (SG Time, GMT+8)
28 Apr, Mon
- No important data
29 Apr, Tue
- Japan on holiday
- 2030 US Goods Trade Balance (Mar)
- 2200 US CB Consumer Confidence (Apr)
- 2200 US JOLTS Job Openings (Mar)
30 Apr, Wed
- 0930 Australia CPI (YoY) (Q1)
- 0930 China Manufacturing PMI (Apr)
- 0945 China Caixin Manufacturing PMI (Apr)
- 1600 Germany GDP (QoQ) (Q1)
- 1700 Europe GDP (QoQ) (Q1)
- 2000 Germany CPI (MoM) (Apr)
- 2015 US ADP Nonfarm Employment Change (Apr)
- 2030 US GDP (QoQ) (Q1)
- 2145 US Chicago PMI (Apr)
- 2200 US PCE Price Index (MoM) (Mar)
- 2200 US Core PCE Price Index (MoM) (Mar)
- 2200 US Personal Spending (MoM) (Mar)
- 2230 US Crude Oil Inventories
01 May, Thu
- China, Hong Kong, Germany, and Switzerland are on holiday
- 1100 Japan BoJ Interest Rate Decision
- 1400 UK Nationwide HPI (YoY) (Apr)
- 1630 UK S&P Global Manufacturing PMI (Apr)
- 2030 US Initial Jobless Claims
- 2130 Canada S&P Global Manufacturing PMI (Apr)
- 2145 US S&P Global Manufacturing PMI (Apr)
- 2200 US ISM Manufacturing PMI (Apr)
02 May, Fri
- China is on holiday
- 0930 Australia PPI (QoQ) (Q1)
- 0930 Australia Retail Sales (MoM) (Mar)
- 1555 Germany HCOB Manufacturing PMI (Apr)
- 1600 Europe HCOB Manufacturing PMI (Apr)
- 1700 Europe CPI (YoY) (Apr)
- 2030 US Nonfarm Payrolls (Apr)
- 2030 US Unemployment Rate (Apr)
