US Markets 06 Jan 18

US markets broke lhf on the weekly chart and continue to close higher.  Dow, S&P and Nasdaq created a historic high.

Dollar Index continues to lower during the 2nd half of Dec.  Dollar Index consolidating this week when opens.

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

• Nasdaq

Neutral 

• None

DT 

• None

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

• Dow
• S&P

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

Dow

Daily UT, Weekly UT
Potential resistance around Trend Channel (Blue), 26,976

Potential support around Trend Channel (Blue), 24,847, 24,682, 24,157, 23,567

S&P
Daily UT, Weekly UT

Potential resistance around Trend Channel (green), 2,748, 2,983

Potential support around TLU3,  2,697, 2,668, 2,650, 2,593, TLU1

Nasdaq
Daily UT, Weekly UT
Potential resistance around  6,983

Potential support around TLU7, 6,347, TLU6, 6,261, 6,061

Russell
Daily UT, Weekly UT
Potential resistance around 1,649
Potential support around 1,552, 1,543, TLU3, 1,519, 1,508, 1,497

Key event to watch out  (SG Time)

08 Jan, Mon

• Japan holiday
• No important data

09 Jan, Tue

• 2300 US JOLTs Job Openings (Nov)

10 Jan, Wed 

• 1730 UK Manufacturing Production (MoM) (Nov) 
• 2330 US Crude Oil Inventories

11 Jan, Thu

• 0830 Australia Retail Sales (MoM) (Nov)
• 2030 ECB Publishes Account of Monetary Policy Meeting     
• 2130 US PPI (MoM) (Dec)

12 Jan, Fri

• 2130 US Core CPI (MoM) (Dec)  
• 2130 US Core Retail Sales (MoM) (Dec)   
• 2130 US Retail Sales (MoM) (Dec)