Sunday, October 23, 2016

Indices Performance Chart - 22 Oct 16

Most markets closed higher.

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

  • None
Neutral
  • None
DT
  • S&P
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 formed inside day in weekly chart, continue to be directionless.
Most likely


Dow
Daily DT, Weekly UT
Potential resistance around 18,189, TLU11, 18,367, 18,557, 18,669, TLU4
Potential support around TLD5, 17,829, 17,600, 17,271, TLD3, 17,083

S&P
Daily DT, Weekly UT
Potential resistance around TLU5, TLU4, 2,161, 2,187, 2,285
Potential support around 2,137, 2,129, 2,116, TLU5, 2,102, 2,081, TLD3, 2,061, 2,045

Nasdaq
Daily UT, Weekly UT
Potential resistance around 4,896, TLU1, 5,538
Potential support around 4,816, 4,722, 4,682, 4,640, 4,537

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

Key event to watch out  (SG Time)
24 Oct, Mon
  • 1530 EUR German Manufacturing PMI (Oct)
25 Oct, Tue
  • 1600 EUR German Ifo Business Climate Index (Oct)
  • 2200 USD CB Consumer Confidence (Oct) 
  • 2330 EUR ECB President Draghi Speaks 
26 Oct, Wed
  • 0830 AUD CPI (QoQ) (Q3)
  • 2200 USD New Home Sales (Sep)
  • 2230 USD Crude Oil Inventories 
27 Oct, Thu
  • 1630 GBP GDP (QoQ) (Q3) 
  • 2030 USD Core Durable Goods Orders (MoM) (Sep)
  • 2200 USD Pending Home Sales (MoM) (Sep)
28 Oct, Fri
2030 USD GDP (QoQ) (Q3) 

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