US Markets 21 Jul 18

On the weekly charts, US markets broke higher but either closed with -roc or small roc.  US markets losing momentum to go higher.

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 25,336, 25,784, 26,627, 26,976

Potential support around 24,481, 24,170, 23,567, 23,435, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,814, 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 7,419, TLU7, 7,706

Potential support around 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)
23 Jul, Mon

• 2200 US Existing Home Sales (Jun)

24 Jul, Tue

• 1530 German Manufacturing PMI (Jul)

25 Jul, Wed

• 0930 Australia CPI (QoQ) (Q2)
• 1600 German Ifo Business Climate Index 
• 2200 US New Home Sales (Jun) 
• 2230 US Crude Oil Inventories

26 Jul, Thu

• 0930 Australia Producer Price Index
• 1945 Europe Deposit Facility Rate
• 1945 Europe ECB Marginal Lending Facility
• 1945 Europe ECB Interest Rate Decision (Jul)   
• 2030 US Core Durable Goods Orders (MoM) (Jun) 
• 2030 Europe ECB Press Conference     

27 Jul, Fri

• 2030 US GDP (QoQ) (Q2)