US Market 21 Dec 19

US market closed higher.  Dow, S&P and Nasdaq created the historic highs.  Russell broke recent range-bound and created the year-high.

Dollar Index closed higher.

BDI and Harpex closed lower.

The next update will be on 12 Jan 2020 due to delay release of COT report.

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

• Dow

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 29,106, 31,236, 33,365

Potential support around 27,350, 26,976, 26,627, 26,245, 25,784, 25,645

S&P
Daily UT, Weekly UT

Potential resistance around 3,454, 3,690

Potential support around 3,219, 3,072, 3,022, 2,983, 2,940, 2,874, 2,854, 2,825, 2,814

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,150, 9,873

Potential support around 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily UT, Weekly UT
Potential resistance around 1,708, 1,743, 1,779, 1910

Potential support around 1,649, 1,624, 1,609, 1,585, 1,543, 1,519, 1,508, 1,451, 1,420

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

 23 Dec, Mon

• 2030 US Core Durable Goods Orders (MoM) (Nov) 
• 2130 Canada GDP (MoM) (Oct)
• 2300 US New Home Sales (Nov)

24 Dec, Tue

• Most market closed early while some are closed for holiday
• 0750 Japan BoJ Monetary Policy Meeting Minutes

25 Dec, Wed

• Most market are closed 
• No important data

26 Dec, Thu

• Some market remained closed 
• 0800 Japan BoJ's Governor Kuroda speech

27 Dec, Fri

• 2330 US Crude Oil Inventories