Sunday, July 24, 2016

Indices Performance Chart - 23 Jul 16

Most markets continue to close higher this week.
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
  • S&P (decreased for 3rd week)
Neutral
  • None
DT
  • None
Looking at raw data, there is a decrease in the number of long positions and an increase in the number of short positions.
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

Nasdaq leads US markets to close higher. S&P and Russell consolidating within Diff. Russell continues to be resisted around 1213 (strong resistance in 2014).
With COT buying interest decreasing and historic charts, reflect in the month of Aug, markets tends to be weaker.
Thur morning 0200 (SGT) will have FOMC Statement and Fed Interest Rate Decision 
Dow
Daily UT, Weekly UT
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 UT
Potential resistance around 2174
Potential support around 2,137, TLU4, 2,129, 2,116, 2,102, TLD3, 2,081

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

Russell
Daily UT, Weekly Neutral
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)
25 Jul, Mon
  • 1600 EUR German Ifo Business Climate Index (Jul) 
26 Jul, Tue
  • 2200 USD CB Consumer Confidence (Jul)   
  • 2200 USD New Home Sales (Jun) 
27 Jul, Wed
  • 0930 AUD CPI (QoQ) (Q2)
  • 1630 GBP GDP (YoY), (QoQ) (Q2) 
  • 2030 USD Core Durable Goods Orders (MoM) (Jun) 
  • 2200 USD Pending Home Sales (MoM) (Jun) 
  • 2230 USD Crude Oil Inventories 
28 Jul, Thu
  • 0200 USD FOMC Statement  
  • 0200 USD Fed Interest Rate Decision 
  • 1555 EUR German Unemployment Change (Jul) 
29 Jul, Fri
  • 0930 AUD Producer Price Index (QoQ), (YoY)
  • Tentative JPY BoJ Monetary Policy Statement (YoY)     
  • 1300 JPY BoJ Outlook Report (YoY)   
  • 1430 JPY BoJ Press Conference     
  • 1700 EUR CPI (YoY) (Jul)  
  • 1700 EUR GDP (QoQ), (YoY)
  • 2030 USD GDP (QoQ) (Q2) 
  • 2030 CAD GDP (MoM) (May) 

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