Sunday, April 9, 2017

Indices Performance Chart - 08 Apr 17

Asia closed mixed while most of the Europe and US closed higher for the week.
US markets are directionless for past 2 weeks.  US markets are directionless for past 2 weeks.  Moving forward, the corporate earning result will be one of the keys to move the market.  Interestingly in COT data show that retailers more long positions than short. 
Dollar Index broke 100.3 resistance level on Fri.  
Harpex accelerated sharply by more than 10%.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
  • None
Neutral
  • None
DT
  • None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT
  • None
Neutral
  • None
DT
  • 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 is based on 50 Simple Moving Average 


The weekly chart for Dow, S&P and Nasdaq broke lhf but failed to hold. US markets (except Nasdaq) are moving lower since late Feb and is directionless for past 2 weeks.




Dow
Daily UT, Weekly UT
Potential resistance around TLU5, TLU6, 21,451
Potential support around TLU11, TLU2, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around TLU5, TLU1,2,522
Potential support around 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU5, 5,538, TLU3
Potential support around TLU7, TLU4, TLU1, 5,041, 4,960, 4,896, 4,816

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,389, TLU1, TLU3, TLU5, 1,519
Potential support around 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

13 Apr, Mon
  • No important data
11 Apr, Tue
  • 0200 USD Fed's Yellen Speech
  • 1630 GBP CPI (YoY) (Mar) 
  • 1700 EUR German ZEW Economic Sentiment (Apr)
  • 2200 USD JOLTs Job Openings (Feb) 
12 Apr, Wed
  • 0930 CNY CPI (YoY) (Mar) 
  • 1630 GBP Average Earnings Index +Bonus (Feb) 
  • 1630 GBP Claimant Count Change (Mar) 
  • 2200 CAD BoC Monetary Policy Report
  • 2200 CAD BoC Interest Rate Decision
  • 2230 USD Crude Oil Inventories
  • 2315 CAD BoC Gov Poloz Speaks 
13 Apr, Thu
  • 0930 AUD Employment Change (Mar)
  • 1400 CNY Trade Balance (USD) (Mar) 
  • 2030 USD PPI (MoM) (Mar)
14 Apr, Fri
  • Hong Kong, UK, France, Germany Canada, US public holiday
  • 2030 USD Core CPI (MoM) (Mar)
  • 2030 USD Core Retail Sales (MoM) (Mar)
  • 2030 USD Retail Sales (MoM) (Mar) 

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