Indices Performance Chart - 23 Sep 17

Europe closed higher while Asia and US closed mixed.
On the weekly chart, Nasdaq broke hlf and closed with -roc while Russell closed higher almost tested historic high.

BDI rallied and broke 1500 mark while Harpex continues to climb higher.

This is second week Dollar Index tested and failed to close above 92.0.  This is the second week of an inside day since 8 Sep on the weekly chart. 

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

UT

• Nasdaq

Neutral

• None

DT

• None

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

UT

• Dow

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 mixed.  On the weekly chart, Nasdaq broke hlf and closed with -roc while Russell closed higher almost tested historic high.

Dow

Daily UT, Weekly UT
Potential resistance around 22,717, 24,847

Potential support around TLU11, 22,121, 22,027, TLU6, TLD1, 21,659

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,512, TLU1, 2,748

Potential support around 2,480, 2,450, 2,406, 2,392, 2,366

Nasdaq
Daily UT, Weekly UT
Potential resistance around 5,952, 6,261, TLU7, 6,983

Potential support around 5,890, TLD1, TLU3, TLU5, 5,722,  5,634

Russell
Daily UT, Weekly UT
Potential resistance around 1,451, TLU1, TLU3, TLU5, 1,519
Potential support around 1,420, 1,389, TLD1, 1,341

Key event to watch out  (SG Time)

25 Aug, Mon

• 0200 EUR German Federal Election
• 1600 EUR German Ifo Business Climate Index (Sep)

26 Sep, Tue

• 0750 JPY BoJ Monetary Policy Meeting Minutes
• 1800 GBP UK Inflation Report Hearings
• 2200 USD CB Consumer Confidence (Sep)
• 2200 USD New Home Sales (Aug) 

27 Sep, Wed

• 1630 GBP UK GDP (QoQ) (Q2)
• 2030 USD US Core Durable Goods Orders (MoM) (Aug) 
• 2200 USD US Pending Home Sales (MoM) (Aug)
• 2230 USD Crude Oil Inventories

28 Sep, Thu

• 0400 NZD RBNZ Interest Rate Decision
• 2030 USD US GDP (QoQ) (Q2)

29 Sep, Fri

• 1600 EUR German Unemployment Change (Sep)
• 1800 EUR Europe CPI (YoY) (Sep) 
• 2030 CAD Canada GDP (MoM) (Jul

30 Sep, Sat

• 0900 CNY China Manufacturing PMI (Sep)  
• 0945 CNY China Caixin Manufacturing PMI (Sep)