Indices Performance Chart - 10 Sep 16

Most markets pull back this week, some as much as 3%.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)

• None (US markets buying interest dropped below 70)

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 

US markets slumped more than 2% on Fri after the comments made by key Fed officials worried markets Fed may raise interest rates this month.  DOW, S&P, Nasdaq and Russell formed outside day on the weekly chart.  May see technical rebound and weakness will continue in the short term.

Dow

Daily UT, Weekly UT

Broke down and closed below consolidation range 18,161

Potential resistance around TLD5, 18,189, 18,367, 18,638, TLU4

Potential support around 17,829, 17,600, 17,271, TLD3, 17,083

S&P

Daily UT, Weekly UT

Broke down and closed below consolidation range 2,129

Potential resistance around 2,129, 2,137, TLU4, 2,161, 2178, 2285 

Potential support around 2,116, 2,102, 2,081, TLD3, 2,061, 2,045

Nasdaq

Daily UT, Weekly UT

Potential resistance around 4,682, 4,722, 4,769, 4,816 (Historic high @ Mar 2000), TLU1, 5,538

Potential support around  4,640, 4,537, TLU2, 4,347, TLD3

Russell

Daily UT, Weekly UT

Potential resistance around 1,240, TLU5, 1,259(4), 1,274, 1,287

Potential support around 1,213, TLU2, 1,185, 1,164, 1,137

Key event to watch out  (SG Time)

12 Sep, Mon

• No important data

13 Sep, Tue

• India Holiday
• 1000 CNY Industrial Production (YoY) (Aug)
• 1630 GBP CPI (YoY) (Aug)
• 1700 EUR German ZEW Economic Sentiment (Sep) 

14 Sep, Wed

• 1630 GBP Average Earnings Index +Bonus (Jul) 
• 2230 USD Crude Oil Inventories

15 Sep, Thu

• China holiday
• 0645 NZD GDP (QoQ) (Q2)
• 0930 AUD Employment Change (Aug) 
• 1530 CHF Interest Rate Decision
• 1630 EUR Retail Sales (MoM) (Aug)
• 1700 EUR CPI (YoY) (Aug)
• 1900 GBP Interest Rate Decision (Sep)
• 2030 USD Core Retail Sales (MoM) (Aug)   
• 2030 USD Philadelphia Fed Manufacturing Index (Sep) 
• 2030 USD PPI (MoM) (Aug) 
• 2030 USD Retail Sales (MoM) (Aug) 

16 Sep, Fri

• China, Hong Kong holiday
• 2030 USD Core CPI (MoM) (Aug)