The US market closed higher. The Dow and Russell closed at a historic highs.
While CCFI and Harpex closed higher, BDI and CDFI closed lower.
The dollar index tested the 100.3 resistance level, failed to hold, and pulled back to close lower.
Watch out for
- Interest rate decision by Japan, Australia, the US, Switzerland and the UK
- Short trading week for Australia, China, Hong Kong and the US.
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- Nasdaq
- Russell
- None
- None
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- 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 are based on 50 Simple Moving Averages(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 52,533
Potential support around 50,403, 48,273, 46,144
S&P
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 7,458, 7,693
Potential support around 7,222, 6,987, 6,751
Nasdaq
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 30,100, 30,822
Potential support around 29,378, 28,655, 27,933
Russell
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 2,951, 3,081
Potential support around 2,821, 2,691, 2,561
Key event to watch out for (SG Time, GMT+8)
15 Jun, Mon
- Australia on holiday
- 0750 Japan GDP (QoQ) (Q1)
- 2030 US NY Empire State Manufacturing Index (Jun)
16 Jun, Tue
- 1000 China Industrial Production (YoY) (May)
- 1100 Japan BoJ Interest Rate Decision
- 1230 Australia RBA Interest Rate Decision (Jun)
- 1700 Europe ZEW Economic Sentiment (Jun)
- 1700 Germany ZEW Economic Sentiment (Jun)
- 2015 US ADP Employment Change Weekly
- 2030 US Housing Starts (May)
- 2030 US Building Permits (May) ^P
17 Jun, Wed
- 1400 UK CPI (YoY) (May)
- 1700 Europe CPI (YoY) (May)
- 2030 US Retail Sales (MoM) (May)
- 2030 US Core Retail Sales (MoM) (May)
- 2230 US Crude Oil Inventories
18 Jun, Thu
- 0200 US Fed Interest Rate Decision
- 0200 US FOMC Statement
- 0230 US FOMC Press Conference
- 1400 UK Unemployment Rate (Apr)
- 1530 Switzerland SNB Interest Rate Decision (Q2)
- 1900 UK BoE Interest Rate Decision (Jun)
- 2030 US Philadelphia Fed Manufacturing Index (Jun)
- 2030 US Initial Jobless Claims
19 Jun, Fri
- China, Hong Kong and the US on holiday
- 0750 Japan National CPI (MoM) (May)
- 0750 Japan National Core CPI (MoM) (May)
Note
- ^P: Preliminary Release
