Indices Performance Chart - 22 Jul 17

Most markets closed mixed.
US markets closed higher except for Dow.

Dollar Index continues to go lower and may have technical rebound. 

Watch out for the corporate earning during this reporting season.  On Thu 0200 Hrs, FOMC Statement and US Interest rate decision.  On Fri, US and Canada will release GDP data. 

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 


US markets closed higher except for Dow on the weekly chart.  On the daily chart, US markets broke hlf on the last day of the week.  
Corporate earning, Thur FOMC Statement, US Interest rate decision and Fri US GDP are the potential factors to move the markets.

Dow

Daily UT, Weekly UT
Potential resistance around TLU6, 23,462

Potential support around 21,451, TLU11, TLU5, 21,099, 20,756, TLU2, 19,968

S&P
Daily UT, Weekly UT

Potential resistance around TLU5, TLU1,2,522, 2,758
Potential support around 2,450, 2,392, 2,366, 2,337, 2,285, 2,187

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU7, 6,261, 6,983
Potential support around 5,890, TLU3, 5,722, TLU5, TLU4, 5,538, 5,237, TLU1, 5,041

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

Key event to watch out  (SG Time)

24 Jul, Mon

• 1530 EUR German Manufacturing PMI (Jul)    
• 2200 USD Existing Home Sales (Jun)

25 Jul, Tue

• 0750 JPY BoJ Monetary Policy Meeting Minutes
• 1600 EUR German Ifo Business Climate Index (Jul) 
• 2200 USD CB Consumer Confidence (Jul) 

26 Jul, Wed

• 0930 AUD CPI (QoQ) (Q2)
• 1630 GBP GDP (YoY) (Q2) 
• 2200 USD New Home Sales (Jun)
• 2230 USD Crude Oil Inventories

27 Jul, Thu

• 0200 USD FOMC Statement
• 0200 USD Fed Interest Rate Decision
• 2030 USD Durable Goods Orders (Jun)
• 2030 USD Good Trade Balance

28 Jul, Fri

• 2000 EUR German CPI (YoY) (Jul)
• 2030 CAD GDP (MoM) (May) 
• 2030 USD GDP (QoQ) (Q2)