US Markets 03 Aug 19

On the weekly chart, US markets broke hlf and closed lower.  Russell closed with a -roc outside day.

BDI closed lower while Harpex closed higher.

Dollar Index tested resistance.

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

• Russell (1)

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  26,627, 26,976, 27,350, 29,106

Potential support around 26,245, 25,784, 25,645, 25,326, 24,837, 24,170, 23,567

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 2,983, 3,022, 3,219

Potential support around 2,874, 2,854, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,706, 7,859, 8,002, 8,428

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily UT, Weekly DT
Potential resistance around 1,543, 1,585, 1,609, 1,624, 1,683, 1,708

Potential support around 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time, GMT+8)
05 Aug, Mon

• Canada Holiday
• 1630 UK Composite PMI (Jul)
• 1630 UK Services PMI (Jul)
• 2200 US ISM Non-Manufacturing PMI (Jul)

06 Aug, Tue

• 1230 Australia RBA Interest Rate Decision (Aug)
• 1230 Australia RBA Rate Statement  
• 2200 US JOLTs Job Openings (Jun)

07 Aug, Wed

• 1000 New Zealand RBNZ Interest Rate Decision 
• 1000 New Zealand RBNZ Rate Statement  
• 1100 New Zealand RBNZ Press Conference  
• 2200 Canada Ivey PMI (Jul)
• 2230 US Crude Oil Inventories 

08 Aug, Thu

• No important data

09 Aug, Fri

• 0730 Australia RBA's Governor Lowe speech
• 0750 Japan GDP
• 0930 Australia RBA Monetary Policy Statement
• 0930 China Consumer Price Index (YoY)
• 1630 UK GDP 
• 1630 UK Manufacturing Production (MoM) (Jun)
• 2030 Canada Employment Change (Jul)