US Market 26 Jun 2021

US market closed higher.  S&P and Nasdaq closed at a historic high. Dow and Russell are consolidating.

BDI, Harpex, and CCFI closed higher. CDFI closed lower.

The dollar index closed lower.

Watch out for

• PMI data from various countries
• Speech by BoE Gov Bailey
• US NFP

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 35,495

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,396

Potential support around 4,161, 3,925, 3,690, 3,579, 3,454, 3,388

Nasdaq
Daily UT, Weekly UT

Potential resistance around 14,930

Potential support around 14,207, 13,485, 12,762, 12,410, 12,040, 11,318

Russell
Daily UT, Weekly UT
Potential resistance around 2,430

Potential support around 2,300, 2,170, 2,040, 1,910, 1,779

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

28 Jun, Mon

• No important data

29 Jun, Tue

• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2200 US CB Consumer Confidence (Jun)

30 Jun, Wed

• 0900 China Manufacturing PMI (Jun)
• 1400 UK GDP (YoY) (Q1)
• 1555 German Unemployment Change (Jun)
• 1700 Europe CPI (YoY) (Jun) 
• 2015 US ADP Nonfarm Employment Change (Jun)
• 2030 Canada GDP (MoM) (Apr)
• 2200 US Pending Home Sales (MoM) (May)
• 2230 US Crude Oil Inventories

01 Jul, Thu

• Hong Kong, Canada holiday
• 0750 Japan Tankan Large Manufacturers Index (Q2)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q2)
• 0930 Australia Trade Balance (May)
• 0945 China Caixin Manufacturing PMI (Jun)
• 1555 German Manufacturing PMI (Jun)
• 1630 UK Manufacturing PMI (Jun)
• 2200 US ISM Manufacturing PMI (Jun)

02 Jul, Fri

• 0300 UK BoE Gov Bailey Speaks 
• 2030 Canada Building Permits (MoM)
• 2030 US Nonfarm Payrolls (Jun)
• 2030 US Unemployment Rate (Jun)
• 2030 US Goods Trade Balance