The US market closed lower while consolidating.
While BDI, Harpex and CDFI closed higher, CCFI closed lower.
The dollar index broke the previous week's low and closed lower.
Watch out for
- China's long holiday and Hong Kong's short trading week
- US FOMC Meeting Minutes
- US GDP
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
- 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
Potential resistance around 50,403
Daily UT, Weekly UT
Potential resistance around 50,403
Potential support around 48,273, 46,144, 44,014
S&P
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 6,987, 7,222
Potential support around 6,751, 6,516, 6,280, 6,045
Nasdaq
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 25,043, 25,766, 26,488
Potential support around 24,321, 23,598, 22,876
Russell
Daily UT, Weekly UT
Potential resistance around 2,691, 2,821
Daily UT, Weekly UT
Potential resistance around 2,691, 2,821
Potential support around 2,561, 2,430, 2,300
Key event to watch out for (SG Time, GMT+8)
16 Feb, Mon
- Canada, China and the US are on holiday
- 0750 Japan GDP (QoQ) (Q4)
17 Feb, Tue
- China and Hong Kong on holiday
- 1500 Germany CPI (MoM) (Jan)
- 1500 UK Unemployment Rate (Dec)
- 1800 Europe ZEW Economic Sentiment (Feb)
- 1800 Germany ZEW Economic Sentiment (Feb)
- 2130 Canada Core CPI (MoM) (Jan)
- 2130 Canada CPI (MoM) (Jan)
- 2130 US NY Empire State Manufacturing Index (Feb)
18 Feb, Wed
- China and Hong Kong on holiday
- 0900 New Zealand RBNZ Interest Rate Decision
- 1500 UK CPI (YoY) (Jan)
- 2100 US Durable Goods Orders (MoM) (Dec)
- 2100 US Core Durable Goods Orders (MoM) (Dec)
19 Feb, Thu
- China and Hong Kong on holiday
- 0300 US FOMC Meeting Minutes
- 0830 Australia Unemployment Rate (Jan)
- 2130 US Philadelphia Fed Manufacturing Index (Feb)
- 2130 US Initial Jobless Claims
20 Feb, Fri
- China on holiday
- 0100 US Crude Oil Inventories
- 0730 Japan National CPI (MoM) (Jan)
- 0830 Japan S&P Global Services PMI (Feb)
- 0900 China Loan Prime Rate 5Y (Feb)
- 1500 UK Retail Sales (YoY) (Jan)
- 1500 UK Core Retail Sales (YoY) (Jan)
- 2130 US Core PCE Prices (Q4)
- 2130 US GDP (QoQ) (Q4)
- 2130 Canada Core Retail Sales (MoM) (Dec)
- 2130 Canada Retail Sales (MoM) (Dec)
- 2300 US New Home Sales (Dec)
- 2300 US Michigan Consumer Expectations (Feb)
