US Markets 15 Dec 18

On the weekly chart, US markets broke pwl and recent low (except for Nasdaq)

BDI closed higher while Harpex closed lower.

Dollar index broke consolidation.

Watch out for 20 Dec 0300 Hrs for US Interest rate decision and Statement.

Important event/s for the day
- 1800 Europe CPI (YoY) (Nov)

This shall be the last post for the Year 2018.  I will be taking a 2-3 weeks break and back on 6 or 13 Jan 2019 (depend on COT reports availability)

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

• None

Neutral 

• None

DT 

• Nasdaq (1)

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 DT, Weekly UT
Potential resistance around 24,170, 24,841, 25,326, 25,645, 25,784, 26,627, TLU11, 26,976, 29,106

Potential support around 23,567, 23,435, TLU6, 23,175, 22,776, 22,121

S&P
Daily DT, Weekly UT

Potential resistance around 2,710, 2,747, 2,786, 2,814, 2,825, 2,874, 2,940, 2,983, 3,219

Potential support around 2,593 2,551, 2,506, 2,480, 2,450, 2,406, 2,392, 2,366

Nasdaq
Daily DT, Weekly UT

Potential resistance around 6,982, 7,134, 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 6,516, TLU3, 6,346, TLU4, 6,261, 6,061, 5,950

Russell
Daily DT, Weekly UT
Potential resistance around 1,420, 1,451, 1,508, 1,519, 1,543, 1,585, 1,609

Potential support around 1,388 TLU3, 1,341, 1,296

Key event to watch out  (SG Time)

17 Dec, Mon

• 1800 Europe CPI (YoY) (Nov)

18 Dec, Tue

• 0830 Australia Mid-Year Economic and Fiscal Outlook
• 0830 Australia RBA Meeting Minutes
• 1700 German Ifo Business Climate Index 
• 2130 US Building Permits (Nov)

19 Dec, Wed

• 1730 UK CPI (YoY) (Nov)
• 2130 Canada Core CPI (MoM) (Nov)
• 2300 US Existing Home Sales (Nov)
• 2330 US Crude Oil Inventories

20 Dec, Thu

• 0300 US FOMC Economic Projections
• 0300 US FOMC Statement 
• 0300 US Fed Interest Rate Decision
• 0330 US FOMC Press Conference
• 0545 New Zealand GDP (QoQ) (Q3)
• 0830 Australia Employment Change (Nov)   
• Japan BoJ Monetary Policy Statement 
• 1430 Japan BoJ Press Conference
• 1730 UK Retail Sales (MoM) (Nov)
• 2000 UK BoE Interest Rate Decision (Dec) 
• 2130 US Philadelphia Fed Manufacturing Index (Dec)

21 Dec, Fri

• 1730 UK GDP (YoY) (Q3)
• 0750 Japan Tankan Large Manufacturers Index (Q4) 
• US Fed Chair Powell Testifies
• 2130 US Core Durable Goods Orders (MoM) (Nov)
• 2130 US GDP (QoQ) (Q3) 
• 2130 Canada Core Retail Sales (MoM) (Oct)   
• 2130 Canada GDP (MoM) (Oct)