Monday, August 10, 2015

Indices Performance Chart - 07 Aug 15

US markets closed lower while most in Asia edge slightly higher while Europe are mixed.

Instruments that show buying interest from Dealer/Intermediary (sell-side participants)

  • None
  • Nasdaq (increased for 1st week)
  • Dow (3) (decreased for 1st week)
  • S&P (1) (increased for 2nd week)
  • Russell (increased for 2nd week)
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT

After recovered from last week, Dow, Nasdaq and Russell broke pwl.  S&P formed an inside day.  Dow and Russell had tested long term support, if next week fail to trade above long term support, may see more selling.

Had closed my added long pos with small profit or small losses.  I will continue to monitor and add small pos if break lhf and above Diff SL

Daily DT, Weekly UT
For Dow to continue UT, it will need to trade and closed above long term trend line (white color) for 2-3 days 

Potential resistance around 17,502, 17,775 and 17,922Potential support around 17,271, 17,083 and 16,503

Daily DT, Weekly UT
S&P formed inside day in weekly chart.  A new diff is formed.  Currently supported weekly Diff and TL5.  To continue UT, must not closed below 2061 for more than 3 days.
Potential resistance around  2,088, 2,116, 2,129 and 2,137
Potential support around 2,061, 2,045 and 2,028

Daily Neutral, Weekly UT
Nasdaq need to close above TL3 and Weekly Diff (4,512) for more upside.  Next immediate support will be 4347.
Potential resistance around 4,537, 4,640 and 4,682
Potential support around  4,347, 4,271 and 4,089

Daily DT, Weekly UT
Resisted by TL1 and TL3, need to closed above 1213 for 2-3 days for more upside, or else testing at 1,185.
Potential resistance around 1,213, 1,240 and 1,257
Potential support around 1,185, 1,164 and 1,137

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