US Market 22 Feb 2020

On the weekly chart, US market (except Dow) broke pwh, failed to hold and closed lower with a -roc.  On the weekly chart, Dow broke hlf and closed lower with a -roc.

BDI continues to close higher while Harpex closed lower.  

Dollar Index tested resistance and pull back.

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 29,106, 29,407, 31,236, 33,365

Potential support around 28,730, 28,195, 27,350, 26,976, 26,627, 26,245

S&P
Daily UT, Weekly UT

Potential resistance around 3,391, 3,690, 3,925

Potential support around 3,3303, ,326, 3,256, 3,219, 3,155, 3,072, 3,022, 2,983, 2,940

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,653, 9,873, 10,595

Potential support around 9,243, 9,166, 8,954, 8,781, 8,428, 8,196, 8,002

Russell
Daily UT, Weekly UT
Potential resistance around 1,683, 1,708, 1,743, 1,779, 1910

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

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

24 Feb, Mon

• Japan Holiday
• 0545 New Zealand Retail Sales (QoQ)
• 1700 German Ifo Business Climate Index (Feb)

25 Feb, Tue

• 1300 UK Inflation Report Hearings
• 1500 German GDP (QoQ) (Q4)
• 2300 US CB Consumer Confidence (Feb) 

26 Feb, Wed

• 2130 Europe ECB President Lagarde Speaks  
• 2300 US New Home Sales (Jan)
• 2330 US Crude Oil Inventories 

27 Feb, Thu

• 2130 US Core Durable Goods Orders (MoM) (Jan)
• 2130 US GDP (QoQ) (Q4)  
• 2300 US Pending Home Sales (MoM) (Jan)

28 Feb, Fri

• 0730 Japan Tokyo CPI ex Fresh Food (YoY)
• 1655 German Unemployment Change (Feb)
• 2100 German Harmonized Index of Consumer Prices (YoY)
• 2130 Canada GDP (MoM) (Dec)
• 2130 US Goods Trade Balance
• 2300 US Michigan Consumer Sentiment Index

29 Feb, Sat

• 0900 China NBS Manufacturing PMI
• 0900 China Non-Manufacturing PMI