Sunday, August 23, 2015

Indices Performance Chart - 22 Aug 15

This week markets are selling off across the board, some of the badly hit markets are China A50(-10%), Germany, Europe and Nasdaq down around -8%.

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

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

US Indices tested and try to break Diff in early of the week but failed and sell-off start on Wed.  Thu and Fri the sell-off was furious, broke few support levels.  Any fast recovery, I am expecting to test recent low.

Had took partial profit on my hedging (short) positions.  My strategy is continue with short term trading add short position on every hlf.

Daily DT, Weekly Neutral
Potential resistance around 16,503, 17,083, 17,271 and 17,351
Potential support around 16,246, 15,851 and 15,376

Daily Neutral, Weekly UT
Potential resistance around  1,973, 1,996, 2,028 and 2,045
Potential support around 1,930, 1,886 and 1,820

Daily Neutral, Weekly UT
Potential resistance around 4,271, 4,347 and 4,537
Potential support around  4,193, 4,089 and 3,956

Daily DT, Weekly UT
Potential resistance around 1,164, 1,185, 1,213 and 1,240
Potential support around 1,137, 1,114 and 1,082

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