Sunday, February 14, 2016

Indices Performance Chart - 13 Feb 16

This week most markets continue to close lower on Yellen take on chance of recession and negative interest rate

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants) UT
  • None
Neutral
  • None
DT
  • DOW (1) (decreased for 1st week)
  • S&P (decreased for 2nd week)
  • Nasdaq (1) (increased for few weeks)
  • Russell (1) (increased for 2nd week)

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 is based on 50 Simple Moving Average 



US markets closed -roc this week except Nasdaq with +roc
S&P, Nasdaq and Russell broke recent low, new diff created and losses was narrowed on Fri closing



Dow
Daily DT, Weekly DT
Potential resistance around TLD3, 16,246, 16,503, 16,745, 17,083, 17,271
Potential support around 15,581, TLU3, TLU10, 15,376, 14,812

S&P
Daily DT, Weekly DT
Potential resistance around TLD1, 1,886, TLD5, TLU2, 1,930, TLD2, 1,973
Potential support around 1,820, TLU3, 1,737, 1,667

Nasdaq
Daily DT, Weekly DT
Potential resistance around TLD1, 4,089, TLD3, TLU2, 4,193, 4,271
Potential support around 3,956, 3,755, TLU7

Russell
Daily DT, Weekly DT
Potential resistance around TLD4, 1,009, TLD2, 1,049, 1,082
Potential support around TLU4, 951, 899

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