US Markets 03 Feb 18

FED leaves the rate unchanged and expects inflation to move up this year.  
US markets broke hlf on the weekly chart.
BDI slumped while Harpex continues to go higher.
Dollar Index consolidating.  

Australia, New Zealand and UK will be having the Interest rate decision this week.

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 25,956, Upper Trend Channel (Blue),  26,976

Potential support around Lower Trend Channel (Blue), 24,847, 24,175, 23,567, 23,175

S&P
Daily UT, Weekly UT

Potential resistance around Upper Trend Channel (green), 2,874, 2,983

Potential support around TLU3,  2,748, 2,697, 2,668, 2,650,  2,593

Nasdaq
Daily UT, Weekly UT
Potential resistance around  6,983, 7,022, 7,706

Potential support around TLU7, 6,347, TLU6, 6,261, 6,061, 5,952

Russell
Daily UT, Weekly UT
Potential resistance around 1,552, 1,609, 1,649

Potential support around 1,543, TLU3, 1,519, 1,508, 1,497

Key event to watch out  (SG Time)
05 Feb, Mon

• 1730 UK Services PMI (Jan)
• 2300 US ISM Non-Manufacturing PMI (Jan)

06 Feb, Tue

• 0830 Australia Retail Sales (MoM) (Dec)
• 1130 Australia RBA Interest Rate Decision (Feb) 
• 1130 Australia RBA Rate Statement
• 2300 US JOLTs Job Openings (Dec)

07 Feb, Wed 

• 0545 New Zealand Employment Change (QoQ) (Q4)
• 2330 US Crude Oil Inventories

08 Feb, Thu

• 0400 New Zealand RBNZ Interest Rate Decision
• 0400 New Zealand RBNZ Rate Statement
• 2000 UK BOE Inflation Letter
• 2000 UK BoE Inflation Report
• 2000 UK BoE Interest Rate Decision (Feb)  

09 Feb, Fri

• 1730 UK Manufacturing Production (MoM) (Dec)
• 2130 Canada Employment Change (Jan)