Indices Performance Chart - 07 Jan 17

Most of the markets closed higher on the 1st week of 2017.  

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

• None

Neutral

• None

DT

• None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT

• Dow
• Russell

Neutral

• None

DT

• 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 is based on 50 Simple Moving Average 

US markets had been moving sideway for past 4 weeks hitting into some form of resistance. If markets failed to break out and hold for 2-3 weeks, may see some selling especially COT show lesser buying interest and some even hit the selling zone.

Dow
Daily UT, Weekly UT
Potential resistance around TLU5, TLU6, 21,451
Potential support around TLU2, 19,440, TLU11, TLU4, 18,669, 18,557, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around 2,285, 2,522
Potential support around TLU5, 2,187, 2,161, TLU4, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU1, TLU4, TLU5, TLU3, 5,538
Potential support around 4,896, 4,816, 4,722, 4,682, 4,640, 4,537

Russell
Daily UT, Weekly UT
Potential resistance around TLU1, TLU5, 1389, TLU3, 1519
Potential support around 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)
09 Jan, Mon

• Japan Holiday
• No important data

10 Jan, Tue

• 0830 AUD Retail Sales (MoM) (Nov)
• 0930 CNY CPI (YoY) (Dec)
• 2300 USD JOLTs Job Openings (Nov)

11 Jan, Wed

• 1730 GBP Manufacturing Production (MoM) (Nov)
• 2330 USD Crude Oil Inventories

12 Jan, Thu

• No important data

13 Jan, Fri

• 1154 CNY Trade Balance (USD) (Dec)
• 2130 USD Core Retail Sales (MoM) (Dec)
• 2130 USD PPI (MoM) (Dec)
• 2130 USD Retail Sales (MoM) (Dec)