US Market 18 Jan 2020

US markets closed higher and created the new historic high except for Russell closed higher but did not create a historic high.

BDI closed lower.

Dollar Index closed above resistance.

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

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 31,236, 33,365

Potential support around 29,106, 28,761,28,195, 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 3,249, 3,219, 3,155, 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 8,808, 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 1,683, 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)

20 Jan, Mon

• US holiday
• 0930 China PBoC Loan Prime Rate 

21 Jan, Tue

• 0230 Europe ECB President Lagarde Speaks  
• 1100 Japan BoJ Outlook Report (YoY)  
• 1730 UK Average Earnings Index +Bonus (Nov)
• 1730 UK Claimant Count Change (Dec)
• 1800 German ZEW Economic Sentiment (Jan)

22 Jan, Wed

• 1730 UK Retail Sales (MoM) (Dec)
• 2130 Canada Core CPI (MoM) (Dec)
• 2300 US Existing Home Sales (Dec) 
• 2300 Canada BoC Monetary Policy Report 
• 2300 Canada BoC Interest Rate Decision  

23 Jan, Thu

• 0015 Canada BOC Press Conference  
• 0830 Australia Employment Change (Dec)
• 2045 Europe Deposit Facility Rate (Jan)
• 2045 Europe ECB Marginal Lending Facility 
• 2045 Europe ECB Monetary Policy Statement  
• 2045 Europe ECB Interest Rate Decision 
• 2130 Europe ECB Press Conference  

24 Jan, Fri

• China and South Korea holiday
• 0000 US Crude Oil Inventories 
• 0545 New Zealand CPI (QoQ) (Q4)
• 1630 German Manufacturing PMI (Jan)  
• 1700 German Ifo Business Climate Index (Jan)
• 1730 UK Composite PMI  
• 1730 UK Manufacturing PMI
• 1730 UK Services PMI    
• 1730 Europe ECB President Lagarde Speaks  
• 2130 Canada Core Retail Sales (MoM) (Nov)