Indices Performance Chart - 17 Sep 16

Most markets continue to close lower.

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

• None (US markets buying interest dropped below 70)

Pretty sharp rebound on buying interest especially on DOW and Nasdaq.  

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 recovered some losses on Mon after that trading directionless except for Nasdaq testing Mar 2000 historic high again.  US dollar index strengthened on Fri with better than expected CPI that this may increase the probability of Fed increase the interest rate.  With sharp increased with COT buying interest, expect volatility to continue in the short term before stabilising down.  The key event to watch out for will be Thu SGT 0200, FOMC Statement, US interest rate decision and Fed Yellen will be speaking at SGT 0230.

Dow
Daily UT, Weekly UT
Recovered some losses on Mon and trade directionless for the rest of the week.  A new diff is formed.  Need to maintain above TLU11 for more upside.
Potential resistance around 18,189, 18,367, 18,638, TLU4
Potential support around TLD5, TLU11, 17,829, 17,600, 17,271, TLD3, 17,083

S&P
Daily UT, Weekly UT
Similar to DOW.  Need to maintain above TLU5 for more upside.
Potential resistance around TLU4, 2,161, 2178, 2285 
Potential support around 2,137, 2,129, 2,116, TLU5, 2,102, 2,081, TLD3, 2,061, 2,045

Nasdaq
Daily UT, Weekly UT
Recovered strongly and tested Mar 2000 historic high once again.
Potential resistance around  TLU1, 5,538
Potential support around 4,682, 4,722, 4,769, 4,816 (Historic high @ Mar 2000), 4,640, 4,537

Russell
Daily UT, Weekly UT
Similar to DOW.  Need to maintain above TLU2 for more upside.
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)
19 Sep, Mon

• Japan holiday
• No important data

20 Sep, Tue

• 0930 AUD RBA Meeting Minutes 
• 2030 USD Building Permits (Aug) 

21 Sep, Wed

• 0030 CAD Bank of Canada's Poloz Speech
• 1100 JPY BoJ Monetary Policy Statement (YoY)           
• 1430 JPY BoJ Press Conference
• 2230 USD Crude Oil Inventories

22 Sep, Thu

• Japan holiday
• 0200 USD FOMC Economic Projections
• 0200 USD FOMC Statement
• 0200 USD Fed Interest Rate Decision
• 0230 USD Fed Chair Yellen Speaks
• 0500 NZD Interest Rate Decision
• 0500 NZD RBNZ Rate Statement
• 2200 USD Existing Home Sales (Aug) 

23 Sep, Fri

• 1530 EUR German Manufacturing PMI (Sep)   
• 2030 CAD Core CPI (MoM) (Aug)
• 2030 CAD Core Retail Sales (MoM) (Jul)