Indices Performance Chart - 16 Jul 16

Most markets closed higher this week.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT

• S&P (decreased for 2nd week)

Neutral

• None

DT

• None

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 closed higher this week with DOW and S&P broke historic high.

After such a run up, a pull back will be great.  With COT buying interest getting lower, pull back may not be inevitable,  magnitude of pull back may be limited since economy is improving.  From this week onward will be see more companies reporting their earning.  This may be one of the catalyst to move the markets forward.

Dow

Daily UT, Weekly Neutral

Potential resistance around 18,560, TLU4, TLU2, TLU, TLU6

Potential support around 18,367, 18,189, TLD5, 17,829, 17,600

S&P

Daily UT, Weekly Neutral

Potential resistance around 2174

Potential support around 2,137, TLU4, 2,129, 2,116, 2,102, TLD3, 2,081

Nasdaq

Daily UT, Weekly DT

Potential resistance around 4,640, 4,682, 4,772, TLU1

Potential support around 4,537, TLD3, TLU2, 4,347, 4,271, 4,193

Russell

Daily UT, Weekly DT

Potential resistance around 1,213, 1,240, 1,274, 1,287, 1,296, TLU1

Potential support around 1,185, TLU2, 1,164, TLU5, 1,137

Key event to watch out  (SG Time)

18 Jul, Mon

• Japan Holiday
• 0645 NZD CPI (QoQ) (Q2) 

19 Jul, Tue

• 0930 AUD RBA Meeting Minutes
• 1630 GBP CPI (YoY) (Jun)
• 1700 EUR German ZEW Economic Sentiment (Jul) 
• 2030 USD Building Permits (Jun) 

20 Jul, Wed

• 1630 GBP Average Earnings Index +Bonus (May) 
• 1630 GBP Claimant Count Change (Jun)
• 2230 USD Crude Oil Inventories 

21 Jul, Thu

• 1630 GBP Retail Sales (MoM) (Jun) 
• 1945 EUR Interest Rate Decision (Jul)  
• 2030 USD Philadelphia Fed Manufacturing Index (Jul) 
• 2030 EUR ECB President Draghi Speaks 
• 2200 USD Existing Home Sales (Jun) 

22 Jul, Fri

• 1530 EUR German Manufacturing PMI (Jul)
• 1630 GBP Construction PMI (Jul)
• 1630 GBP Manufacturing PMI (Jul) 
• 1630 GBP Services PMI (Jul) 
• 2030 CAD Core CPI (MoM) (Jun) 
• 2030 CAD Core Retail Sales (MoM) (May)