The US market closed higher, except for the Dow, which closed lower. The S&P and Russell hit historic highs. Nasdaq daily trend turned to neutral.
The dollar index broke and closed below the 99.8 support level.
While BDI and CDFI closed lower, CCFI closed higher, and Harpex remained unchanged.
Watch out for
- US FOMC Meeting Minutes
- Preliminary release of Manufacturing and Services PMI by multiple countries
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
- Russell
- Nasdaq (1)
- None
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- Dow
- 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 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 7,929
Potential support around 7,693, 7,458, 7,222
Nasdaq
Daily Neutral, Weekly UT
Daily Neutral, Weekly UT
Potential resistance around 30,100, 30,822, 31,545
Potential support around 229,378, 28,655, 7,933
Russell
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 3,081, 3,212
Potential support around 2,951, 2,821, 2,691
Key event to watch out for (SG Time, GMT+8)
17 Aug, Mon
- 0750 Japan GDP (QoQ) (Q2) ^P
- 1000 China Chinese Unemployment Rate (Jul)
- 1000 China Industrial Production (YoY) (Jul)
- 2030 Canada Core CPI (YoY) (Jul)
- 2030 US NY Empire State Manufacturing Index (Aug)
18 Aug, Tue
- 1400 UK Unemployment Rate (Jun)
- 1400 UK Employment Change
- 1700 Germany ZEW Economic Sentiment (Aug)
- 2030 US Housing Starts (Jul)
- 2030 US Building Permits (Jul) ^P
19 Aug, Wed
- 1400 UK CPI (YoY) (Jul)
- 1700 Europe CPI (YoY) (Jul)
- 2230 US Crude Oil Inventories
20 Aug, Thu
- 0200 US FOMC Meeting Minutes
- 2030 US Philadelphia Fed Manufacturing Index (Aug)
- 2030 US Initial Jobless Claims
21 Aug, Fri
- 1530 Germany HCOB Manufacturing PMI (Aug) ^P
- 1530 Germany HCOB Services PMI (Aug) ^P
- 1600 Europe HCOB Manufacturing PMI (Aug) ^P
- 1600 Europe HCOB Services PMI (Aug) ^P
- 1630 UK S&P Global Manufacturing PMI (Aug) ^P
- 1630 UK S&P Global Services PMI (Aug) ^P
- 2145 US S&P Global Manufacturing PMI (Aug) ^P
- 2145 US S&P Global Services PMI (Aug) ^P
^P: Preliminary Release
