US Markets 27 Jan 18

US markets continue to close higher.
Dollar Index broke down.
U.S. President Trump Speaks on Wed.  FOMC  Statement and US Fed Interest Rate Decision on Thu morning.  US NFP and US Unemployment Rate on Fri.

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 

• S&P

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 26,976

Potential support around 26,131, Upper Trend Channel (Blue), 24,847, Lower Trend Channel (Blue), 24,682

S&P
Daily UT, Weekly UT

Potential resistance around 2,983

Potential support around 2,842, Trend Channel (green), TLU3,  2,748, 2,697, 2,668, 2,650, 

Nasdaq
Daily UT, Weekly UT
Potential resistance around  7,706

Potential support around 6,983, TLU7, 6,347, TLU6, 6,261, 6,061

Russell
Daily UT, Weekly UT
Potential resistance around 1,649
Potential support around 1,552, 1,543, TLU3, 1,519, 1,508, 1,497

Key event to watch out  (SG Time)

29 Jan, Mon

• No important data

30 Jan, Tue

• 2300 US CB Consumer Confidence (Jan)   
• 2330 UK BoE Gov Carney Speaks   

31 Jan, Wed 

• 0830 Australia CPI (QoQ) (Q4)
• 0900 China Manufacturing PMI (Jan) 
• 1000 U.S. President Trump Speaks
• 1655 German German Unemployment Change (Jan) 
• 1800 Europe CPI (YoY) (Jan) 
• 2115 US ADP Nonfarm Employment Change (Jan)
• 2130 Canada GDP (MoM) (Nov) 
• 2300 US Pending Home Sales (MoM) (Dec)
• 2330 US Crude Oil Inventories

01 Feb, Thu

• 0300 US FOMC Statement
• 0300 US Fed Interest Rate Decision
• 0945 China Caixin Manufacturing PMI (Jan)  
• 1655 German Manufacturing PMI (Jan) 
• 1730 UK Manufacturing PMI (Jan) 
• 2300 US ISM Manufacturing PMI (Jan)

02 Feb, Fri

• 1730 UK Construction PMI (Jan) 
• 2130 US Nonfarm Payrolls (Jan)  
• 2130 US Unemployment Rate (Jan)