Sunday, July 3, 2016

Indices Performance Chart - 02 Jul 16

Markets closed higher between 2-10%  this week.  

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
  • None
Neutral
  • S&P (1) (sharp increased for this week)
  • Russell (increased for 1st week)
DT
  • Nasdaq (increased for 1st week)
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 recovered after Mon continue last week sell down.  Overall the chart look good as it rebounded after it tested the support on Mon and Tue.  In weekly chart, it broke 2 weeks high which is a positive note.  S&P had tested and closed above the long term trend resistance while the rest yet to test.  Mon is US holiday and no important data on Tue.  Wed to Fri will have important data on job figure.  COT buying interest also increased.


Dow
Daily DT, Weekly DT
Potential resistance around TLD5, 18,189, 18,367, TLU4
Potential support around 17,829, 17,600, TLD3, TLD4, 17,271, 17,083

S&P
Daily Neutral, Weekly DT
Potential resistance around 2,116, TLU4, 2,129, 2,137
Potential support around 2,102, TLD3, 2,081, 2,061, 2,045, 2,028, TLD5, 1,996

Nasdaq
Daily DT, Weekly DT
Potential resistance around TLD3, 4,537, 4,640, 4,682, 4,772, TLU1
Potential support around 4,347, TLU2, 4,271, 4,193, 4,089

Russell
Daily Neutral, Weekly DT
Potential resistance around  TLU5, 1,164, TLU2, 1,185, 1,213
Potential support around 1,137, 1,114, TLD4, 1,082, 1,049


Key event to watch out  (SG Time)
04 Jul, Mon
  • US Holiday
  • 1630 GBP Construction PMI (Jun)
05 Jul, Tue
  • 0930 AUD Retail Sales (MoM) (May)
  • 1230 AUD Interest Rate Decision (Jul) 
  • 1630 GBP Services PMI (Jun)
  • 1730 GBP Carney Publishes BOE Financial Stability Report
06 Jul, Wed
  • Singapore, India Holiday
  • 2200 USD ISM Non-Manufacturing PMI (Jun)
07 Jul, Thu
  • 0200 USD U.S. Fed Releases Minutes from June 14-15 FOMC Meeting 
  • 1630 GBP Manufacturing Production (MoM) (May)
  • 2015 USD ADP Nonfarm Employment Change (Jun)
  • 2200 CAD Ivey PMI (Jun)
  • 2230 USD Crude Oil Inventories 
08 Jul, Fri
  • 2030 USD Nonfarm Payrolls (Jun) 
  • 2030 USD Unemployment Rate (Jun) 
  • 2030 CAD Employment Change (Jun)  

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