Sunday, June 4, 2017

Indices Performance Chart - 03 Jun 17

Most markets closed higher.
US markets continue to create a new historic high and selectively "ignored" worse than expected and previous Nonfarm Payroll data.
BDI and Harpex pulling back from the recent peak.
Dollar Index broke support and formed an outside day in the weekly chart.  
This week not many important data from the US.  On Tue, RBA Interest Rate Decision.  On 8 Jun, UK Parliamentary Election, Japan GDP, ECB Monetary policy statement and press conference.


Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
  • None
Neutral
  • None
DT
  • None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT
  • None
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 

Dow, S&P and Nasdaq continue to create a new historic high.
Russell broke lhf and formed an outside day in the weekly chart, is time to catch up with the rest?
Need to be caution as markets hit historic high, markets may pull back or correction by off guard.  Short term is positive.


Dow
Daily UT, Weekly UT
Potential resistance around 21,451, TLU6, 23,462
Potential support around 21,099, TLU5, TLU11, 20,756, TLU2, 19,968, TLU4, 19,440, 18,669

S&P
Daily UT, Weekly UT
Potential resistance around TLU5, TLU1,2,522, 2,758
Potential support around 2,392, 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,261, 6,983
Potential support around 5,722, TLU7, TLU3, TLU5, 5,538, TLU4, 5,237, TLU1, 5,041

Russell
Daily UT, Weekly UT
Potential resistance around 1,420, TLU1, TLU3, TLU5, 1,519
Potential support around 1,389, 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)


    05 Jun, Mon
    • New Zealand, Germany and Switzerland Holiday
    • 1630 GBP Services PMI (May) 
    • 2200 USD ISM Non-Manufacturing PMI (May)
    06 Jun, Tue
    • 1230 AUD RBA Interest Rate Decision (Jun)
    • 1230 AUD RBA Rate Statement
    • 2200 CAD Ivey PMI (May) 
    07 Jun, Wed
    • 0930 AUD GDP (QoQ) (Q1) 
    • 2230 USD Crude Oil Inventories
    08 Jun, Thu
    • GBP UK Parliamentary Election 
    • 0750 JPY GDP (QoQ) (Q1)
    • 1048 CNY Trade Balance (USD) (May)
    • 1945 EUR ECB Interest Rate Decision (Jun) 
    • 2030 EUR ECB Monetary policy statement and press conference
    09 Jun, Fri
    • 0930 CNY CPI (YoY) (May) 
    • 1630 GBP Manufacturing Production (MoM) (Apr)
    • 2030 CAD Employment Change (May) 

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