The US market closed lower. While the Dow's daily trend turned neutral, Russell's daily trend turned down.
The dollar index tested the 98.7 support level, rebounded and closed higher.
While Harpex, CCFI, and CDFI closed higher, BDI closed lower.
Watch out for
- CPI data from multiple countries
- The US, the UK and Japan interest rate decisions
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
- None
- None
- Russell
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 Neutral, Weekly UT
Daily Neutral, Weekly UT
Potential resistance around 54,662, 56,792
Potential support around 52,533, 50,403, 48,273
S&P
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 7,693, 7,929
Potential support around 7,458, 7,222, 6,987
Nasdaq
Daily Neutral, Weekly UT
Daily Neutral, Weekly UT
Potential resistance around 29,378, 30,100, 30,822
Potential support around 28,655, 27,933, 27,210
Russell
Daily DT Weekly UT
Daily DT Weekly UT
Potential resistance around 2,951, 3,081, 3,212
Potential support around 2,821, 2,691, 2,561
Key event to watch out for (SG Time, GMT+8)
14 Sep, Mon
- 2030 Canada CPI (MoM) (Aug)
- 2030 Canada Core CPI (MoM) (Aug)
15 Sep, Tue
- 1000 China Industrial Production (YoY) (Aug)
- 1000 China Unemployment Rate (Aug)
- 1400 UK Unemployment Rate (Jul)
- 1400 UK Employment Change
- 1700 Germany ZEW Economic Sentiment (Sep)
- 1700 Europe ZEW Economic Sentiment (Sep)
- 2015 US ADP Employment Change Weekly
- 2030 US NY Empire State Manufacturing Index (Sep)
16 Sep, Wed
- 1700 UK CPI (YoY) (Aug)
- 2030 US Core Retail Sales (MoM) (Aug)
- 2030 US Retail Sales (MoM) (Aug)
- 2230 US Crude Oil Inventories
17 Sep, Thu
- 0200 US Fed Interest Rate Decision
- 0200 US FOMC Statement
- 0230 US FOMC Press Conference
- 1700 Europe CPI (YoY) (Aug)
- 1700 Europe Core CPI (YoY) (Aug)
- 1900 UK BoE Interest Rate Decision (Sep)
- 2030 US Initial Jobless Claims
- 2030 US Philadelphia Fed Manufacturing Index (Sep)
- 2030 US Building Permits (Aug) ^P
18 Sep, Fri
- 0730 Japan National CPI (MoM)
- 0730 Japan National Core CPI (MoM)
- 1100 Japan BoJ Interest Rate Decision
- 1400 UK Retail Sales (YoY) (Aug)
- 1400 UK Core Retail Sales (YoY) (Aug)
- 1430 Japan BoJ Press Conference
^P: Preliminary Release
