US Markets 14 Jul 18

On the weekly charts, US markets broke lhf and closed higher.  Russell brok lhf but closed lower with -roc.  Nasdaq created a historic high.

BDI closed higher while Harpex closed lower.

Dollar Index consolidating, resisted at 95.0

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 

• 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

Daily UT, Weekly UT
Potential resistance around 25,402, 25,784, 26,627, 26,976

Potential support around 24,483, 24,170, 23,567, 23,435, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,825, 2,874

Potential support around  2,786, 2,748, 2,710, 2,593, TLD1, 2,551, TLU1, 2,506

Nasdaq
Daily UT, Weekly UT

Potential resistance around TLU7, 7,706

Potential support around 7,291, 7,134, 6,982, TLU6, 6,857, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,708, TLU3, 1,649, 1,779

Potential support around 1,683, 1,666, 1,624, 1,609, 1,585, 1,543, 1,519, 1,508, 1,494, TLD1, 1,451

Key event to watch out  (SG Time)
16 Jul, Mon

• Japan Holiday
• 1000 China GDP (YoY) (Q2)
• 1000 China Industrial Production (YoY) (Jun)
• 2030 US Core Retail Sales (MoM) (Jun)   
• 2030 US Retail Sales (MoM) (Jun)

17 Jul, Tue

• 0645 New Zealand CPI (QoQ) (Q2)
• 0930 Australia RBA Meeting Minutes
• 1630 UK Average Earnings
• 2200 US Fed Chair Powell Testifies

18 Jul, Wed

• 1630 UK CPI (YoY) (Jun)
• 1700 Europe CPI (YoY) (Jun)
• 2030 US Building Permits (Jun)
• 2200 US Fed's Powell Speech
• 2230 US Crude Oil Inventories

19 Jul, Thu

• 0930 Australia Employment Change (Jun) 
• 1630 UK Retail Sales (MoM) (Jun)
• 2030 US Philadelphia Fed Manufacturing Index (Jul)

20 Jul, Fri

• 2030 Canada Core CPI (MoM) (Jun)
• 2030 Canada Core Retail Sales (MoM) (May)