US and Europe markets rally more than 2% this week while Asia rally more than 1% except for China A50, decline by more than 1%
Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
Neutral
- Dow (1) (3rd week)
- Nasdaq (3rd week)
- S&P (1st week)
DT
- Russell (decreased for 2nd week)
Note
(1) COT Index > 90
Down Trend and Up Trend is based on 50 Simple Moving Average
US Indices broke support last week but this week rallied above support (broke pwh previous week high, trend support channel & 50 SMA). Except for Russell still below the support. With COT showing sign of picking up and DOW cot is at the extreme, I will enter a trade on pull back to build up mid-term position again.
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