Monday, February 8, 2016

Indices Performance Chart - 06 Feb 16

Most markets closed lower this week with more below expectation on US data and worry of further interest rate increase when unemployment rate drop below 5%.

Due to preparation and celebrating Chinese New Year, some sections will be temporary stop for a week

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
  • None
  • None
  • DOW (1) (increased for few weeks)
  • S&P (increased for 1st week)
  • Nasdaq (increased for few weeks)
  • Russell (1) (increased  for 1st week)

(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 lower this week.  Nasdaq and Russell broke pwl while DOW and S&P yet to break. Nasdaq was down due to LinkedIn and Tableau results below analysts expectation and grim outlooks that causes other US software companies plunged too.

Daily DT, Weekly DT
Potential resistance around 16,246, 16,503, 16,745, 17,083, 17,271
Potential support around  15581, TLU3, 15,376, 14,812

Daily DT, Weekly DT
Potential resistance around  1,886, TLU2, 1,930, 1,973, TLD2, 1,996
Potential support around TLD1, 1,820, TLU3, 1,737

Daily DT, Weekly DT
Potential resistance around 4,089, TLU2, 4,193, 4,271, 4,347
Potential support around TLD1, 3,956, 3,755, TLU7

Daily DT, Weekly DT
Potential resistance around 1,009, TLD2, 1,049, 1,082, TLD1, 1,114
Potential support around TLU4, 951, 899

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