US Markets 10 Aug 19

On the weekly chart (based on cash markets), US markets slumped down and recovered to close with a +roc except for Russell, recovered but closed with a -roc.

Dollar Index tested support.

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

• None

Neutral 

• Russell (1)

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 Neutral, 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)
12 Aug, Mon

• Japan Holiday
• No important data

13 Aug, Tue

• 1400 German Harmonized Index of Consumer Prices
• 1630 UK Average Earnings Index +Bonus (Jun)
• 1630 UK Claimant Count Change (Jul)
• 1700 German ZEW Economic Sentiment (Aug)
• 1700 Europe ZEW Economic Sentiment (Aug) 
• 2030 US Core CPI (MoM) (Jul)

14 Aug, Wed

• 1000 China Industrial Production (YoY) (Jul) 
• 1400 German GDP (QoQ) (Q2)  
• 1630 UK CPI (YoY) (Jul)
• 1700 Europe Gross Domestic Product s.a.
• 2230 US Crude Oil Inventories 

15 Aug, Thu

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

16 Aug, Fri

• 2030 US Building Permits (Jul)
• 2200 US Michigan Consumer Sentiment Index