Sunday, September 4, 2016

Indices Performance Chart - 03 Sep 16

Most markets closed higher.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
  • None (US markets buying interest dropped below 70)
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 created 1 month low on Thu with worse than expected US ISM Manufacturing PMI data. Fri Nonfarm Payrolls and Unemployment Rate were below expectation, these bring some cheers to traders that higher probability of US rate hike will not be that soon.

Dow
Daily UT, Weekly UT
Consolidating between 18,161 and 186,38
Potential resistance around 18,638, TLU4, TLU2, 19,440, TLU5, TLU6
Potential support around 18,367, 18,189, TLD5, 17,829, 17,600

S&P
Daily UT, Weekly UT
Correction of last week: "Directionless, forming outside day on 3 consecutive bar on the weekly chart.  Big movement may be coming." is incorrect, the chart is not up to date.
Consolidating between 2,189 and 2,129
Potential resistance around 2285
Potential support around 2178, 2,137, TLU4, 2,129, 2,116, 2,102

Nasdaq
Daily UT, Weekly UT
Continue rejection above 4,816
Potential resistance around 4,816 (Historic high @ Mar 2000), TLU1, 5,538
Potential support around 4,769, 4,722, 4,682, 4,640, 4,537, TLD3, TLU2, 4,347

Russell
Daily UT, Weekly UT
Potential resistance around 1,259(4), 1,274, 1,287, 1,296, TLU1
Potential support around 1,240, 1,213, TLU5, TLU2, 1,185, 1,164, 1,137

Key event to watch out  (SG Time)
05 Sep, Mon
  • India, US, Canada holiday
  • 1630 GBP Manufacturing PMI (Aug) 
  • 1630 GBP Services PMI (Aug) 
06 Sep, Tue
  • 1230 AUD Interest Rate Decision (Sep) 
  • 1230 AUD RBA Rate Statement     
  • 2200 USD ISM Non-Manufacturing PMI (Aug) 
07 Sep, Wed
  • 0930 AUD GDP (QoQ) (Q2)
  • 1630 GBP Manufacturing Production (MoM) (Jul)  
  • 2200 CAD Interest Rate Decision 
  • 2200 CAD Ivey PMI (Aug) 
08 Sep, Thu
  • 0750 JPY GDP (QoQ) (Q2)  
  • 1104 CNY Trade Balance (USD) (Aug) 
  • 1945 EUR Interest Rate Decision (Sep) 
  • 2030 EUR ECB President Draghi Speaks     
  • 2300 USD Crude Oil Inventories
09 Sep, Fri
  • 0930 CNY CPI (YoY) (Aug) 
  • 2030 CAD Employment Change (Aug) 

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