US Markets 20 Jan 18

US markets continue to close higher.
Dollar Index consolidating.
Thu will have ECB interest rate decision while US GDP data is on Fri.

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 26,976

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

S&P
Daily UT, Weekly UT

Potential resistance around 2,983

Potential support around Trend Channel (green), TLU3,  2,748, 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)

22 Jan, Mon

• No important data

23 Jan, Tue

• 1300 Japan BoJ Outlook Report (YoY)
• 1800 German ZEW Economic Sentiment (Jan)     

17 Jan, Wed 

• 1630 German Manufacturing PMI (Jan)  
• 1730 UK German Manufacturing PMI (Jan)
• 1730 UK Claimant Count Change (Dec)   
• 2300 US Existing Home Sales (Dec) 
• 2330 US Crude Oil Inventories

24 Jan, Thu

• 0545 New Zealand CPI (QoQ) (Q4)
• 1700 German Ifo Business Climate Index (Jan)
• 2045 Europe Deposit Facility Rate 
• 2045 ECB Interest Rate Decision (Jan)  
• 2130 CAD Core Retail Sales (MoM) (Nov)   
• 2130 ECB Press Conference
• 2300 US New Home Sales (Dec)

25 Jan, Fri

• 1730 UK GDP (YoY) (Q4) 
• 2130 US Core Durable Goods Orders (MoM) (Dec) 
• 2130 US GDP (QoQ) (Q4)  
• 2130 Canada Core CPI (MoM) (Dec)