Sunday, March 6, 2016

Indices Performance Chart - 05 Mar 16

Most markets rallied between 2 to 8%.  The rallied was lead by better than expected ISM Manufacturing PMI.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
  • None
Neutral
  • None
DT
  • DOW (decreased for 2nd week)
  • S&P (increased for 2nd week)
  • Nasdaq (1) (decreased for 2nd week)
  • Russell (1) (no change)
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 (except Russell) broke lhf on Tue with better than  ISM Manufacturing PMI. New diff is formed this week.  Next week no important data from US, possible markets may take a breather.


Dow
Daily DT, Weekly DT
Potential resistance around 17,083, 17,271, TLD2, TLD1, 17,600, 17,829
Potential support around 16,745, 16,503, 16,246, TLD3, 15,851, TLU3, TLU10, 15,376

S&P
Daily DT, Weekly DT
Potential resistance around 1,996, 2,028, 2,045, 2,061, TLU4, 2,102
Potential support around 1,973, TLD2, 1,930, TLU2, 1,886, TLD1, 1,820

Nasdaq
Daily DT, Weekly DT
Potential resistance around 4,347, TLD2, 4,537, TLU1, 4,640, TLU6, 4,682
Potential support around 4,271, 4,193, TLU2, 4,089, 3,956

Russell
Daily DT, Weekly DT
Potential resistance around 1,082, 1,114, 1,137, TLU2, 1,164, 1,185
Potential support around TLD1, TLD3, 1,049, 1,009, TLD2, TLU4, 951

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