US Markets 28 Sep 18

US markets closed mixed. On the weekly chart, Dow and S&P closed with an inside day, Nasdaq broke pwh while Russell broke pwl.  

China market will be closed this week for the holiday while 5 Oct, US will have NFP and unemployment rate data.

Dollar Index closed higher but resisted at 95.0.

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

• None

Neutral 

• None

DT 

• None

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

• None

Neutral 

• None

DT 

• None

COT show Others (retailers) are buying up, need to be caution

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 26,627, 26,976, 29,106

Potential support around TLU11, 25,784, 25,649, 25,336, 24,481, 24,170

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 2,983, 3,219

Potential support around 2,874, 2,863, 2,825, 2,814, 2,786, 2,748, 2,710, 2,593

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,706, TLU7, 8,428

Potential support around 7,516, 7,282, 7,134, 6,982, TLU6, 6,857, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,708, 1,743, TLU3, 1,779

Potential support around 1,683, 1,624, 1,609, 1,585, 1,543, 1,519

Key event to watch out  (SG Time)

01 Oct, Mon

• Hong Kong and China holiday
• 0750 Japan Tankan Large Manufacturers Index (Q3) 
• 0750 Japan Tankan Large Non-Manufacturers Index (Q3) 
• 1555 German Manufacturing PMI (Sep)   
• 2200 US ISM Manufacturing PMI (Sep)

02 Oct, Tue

• India and China holiday
• 1230 Australia RBA Interest Rate Decision (Oct) 
• 1230 Australia RBA Rate Statement
• 1630 UK Construction PMI (Sep)

03 Oct, Wed

• China and Germany holiday.
• 0000 US Fed Chair Powell Speaks
• 1630 UK Services PMI (Sep) 
• 2015 US ADP Nonfarm Employment Change (Sep)
• 2200 US ISM Non-Manufacturing PMI (Sep) 
• 2230 US Crude Oil Inventories

04 Oct, Thu

• China Holiday
• 2200 Canada Ivey PMI (Sep)

05 Oct, Fri

• China Holiday
• 0930 Australia Retail Sales (MoM) (Aug)
• 2030 US Unemployment Rate (Sep)
• 2030 US Nonfarm Payrolls (Sep) 
• 2030 Canada Employment Change (Sep)