Sunday, August 2, 2015

Indices Performance Chart - 31 Jul 15

This week most markets (except China A50 and Singapore) had recovered as much as 3% after FED remained interest rate at 0.25% and highlighted on job market is improving.


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

  • Nasdaq (decreased for 3rd week)
  • S&P (1) (increased for 1st week)
  • Russell (increased for 1st week)
  • Dow (3) increased for 1st 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 weak closing last week, US Indices broke pwl and recovered to closed with +ROC.  Russell broke strong support on early week and recovered to closed above strong support.
I have added small long pos when broke LHF,  I will continue to add long pos if the coming week can broke lhf in week chart

Daily DT, Weekly UT
For Dow to continue UT, it will need to break and close above 17,775, TL1 will be the 1st support for any retracement
Potential resistance around 17,775, 17,922, 18,189 and 18,367
Potential support around 17,624, 17,398, 17,271 and 17,083

Daily DT, Weekly UT
For S&P to continue UT, it will need to break and close above 2,116, Diff support for any retracement
Potential resistance around  2,116, 2,129 and 2,137
Potential support around 2,087, 2,061, 2,043 and 2,028

Daily Neutral, Weekly UT
Nasdaq need to trade and close anove TL2 and TL3 for more upside
Weekly Diff (4,512) will be the immediate support
Potential resistance around 4,640, 4,682, 4,704^ and 4,816^
Potential support around 4,537 4,430 and 4,347
^Est figure using chart provided by Yahoo finance

Daily DT, Weekly UT
Trading and closing above TL1 and TL3, will have more upside for Russell.
Potential resistance around 1,240, 1,257, 1,274 and 1,296
Potential support around 1,225, 1,213 and 1,164

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