Sunday, May 7, 2017

Indices Performance Chart - 06 May 17

Asia closed mixed while Europe and US closed higher.
Despite better than expected NFP and Unemployment Rate, Dollar Index broke support after consolidating for 2 weeks.
BDI broke down below 1000 mark while Harpex continues to edge up.
This coming week, not much important data.  ECB President Draghi's will speak on Wed. On Fri, Germany GDP and US CPI, Retail Sales data.
French election result will be closely watched by Europe.
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 

US markets closed mixed.  Dow closed with an inside day in the weekly chart.  S&P and Nasdaq broke pwh (previous week high) while Russell broke hlf.  S&P is going to test historic high again.

Dow
Daily UT, Weekly UT
Potential resistance around 21,099, TLU6, 21,451
Potential support around TLU5, 20,756, 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 2,392, 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,261
Potential support around TLU3, 5,538, TLU7, TLU5, TLU4, 5,237, TLU1, 5,041

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

Key event to watch out  (SG Time)

    08 May, Mon

    • 0930 CNY Trade Balance (USD) (Apr) 
    09 May, Tue
    • 0930 AUD Retail Sales (MoM) (Mar) 
    10 May, Wed
    • Singapore public holiday
    • 0930 CNY CPI (YoY) (Apr) 
    • 1900 EUR ECB President Draghi's Speech
    • 2230 USD Crude Oil Inventories
    11 May, Thu
    • 0500 NZD RBNZ Interest Rate Decision
    • 0500 NZD RBNZ Rate Statement   
    • 0500 NZD RBNZ Gov Wheeler Speaks 
    • 1630 GBP Manufacturing Production (MoM) (Mar) 
    • 1900 GBP BoE Inflation Report
    • 1900 GBP BoE Interest Rate Decision (May) 
    • 1900 GBP BoE MPC Meeting Minutes
    12 May, Fri
    • 1400 EUR German GDP (QoQ) (Q1)
    • 2030 USD Core CPI (MoM) (Apr) 
    • 2030 USD Core Retail Sales (MoM) (Apr)
    • 2030 USD Retail Sales (MoM) (Apr) 

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