US Markets 02 Dec 17

US markets closed mixed.  DOW, S&P and Russell closed at the historic high while Nasdaq closed lower.  On the weekly chart, Nasdaq closed with an outside day.

Dollar Index hovered around mini support 92.8.

BDI surged higher.

US will be reporting NFP and unemployment rate on Fri (08 Dec).

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 

• Russell

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

Daily UT, Weekly UT
Potential resistance around 24,847

Potential support around 23,567, 23,435, 23,175, 22,777, 22,717, TLU11, 22,409

S&P
Daily UT, Weekly UT

Potential resistance around 2,748

Potential support around 2,593, TLU1, 2,576, 2,552, 2,512, 2,506, 2,480

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,347, 6,421,  6,983

Potential support around 6,261, 6,118, TLU6, 6,061, 5,952, TLU3, 5,890

Russell
Daily UT, Weekly UT
Potential resistance around 1,543, 1,649
Potential support around 1,519, 1,508, TLU1, 1,497, 1,451, TLU2, 1,420, 1,401, 1,389

Key event to watch out  (SG Time)

04 Dec, Mon

• 1730 GBP UK Construction PMI (Nov) 

05 Dec, Tue

• 0830 AUD Australia Retail Sales (MoM) (Oct) 
• 1130 AUD RBA Interest Rate Decision (Dec) 
• 1130 AUD RBA Rate Statement
• 1730 GBP UK Services PMI (Nov)  
• 2300 USD US ISM Non-Manufacturing PMI (Nov) 

06 Dec, Wed 

• 0830 AUD Australia GDP (QoQ) (Q3) 
• 2115 USD US ADP Nonfarm Employment Change (Nov)
• 2300 CAD Canada BoC Interest Rate Decision  
• 2330 USD US Crude Oil Inventories 

07 Dec, Thu

• 2300 CAD Canada Ivey PMI (Nov) 

08 Dec, Fri

• 0750 JPY Japan GDP (QoQ) (Q3) 
• 1730 GBP UK Manufacturing Production (MoM) (Oct) 
• 2130 USD US Nonfarm Payrolls (Nov) 
• 2130 USD US Unemployment Rate (Nov)