US Markets 28 Jul 18

US markets closed mixed this week.  Dow and S&P closed higher.  Nasdaq tested higher but failed to hold.  Russell broke hlf, consolidating.

BDI and Harpex pull back.

Dollar Index continues to consolidate.

Various countries will be reporting  Manufacturing PMI and decide on the Interest rate.  US FOMC statement and Interest rate decision on Thur 0200 Hrs (SGT) and NFP (Nonfarm Payrolls) 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 

• None

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 25,589, 25,784, 26,627, 26,976

Potential support around 25,336, 24,481, 24,170, 23,567, 23,435, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,825, 2,874

Potential support around 2,814, 2,786, 2,748, 2,710, 2,593, TLD1, 2,551, TLU1, 2,506

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,516, TLU7, 7,706

Potential support around 7,282, 7,134, 6,982, TLU6, 6,857, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around 1,683, 1,708, TLU3, 1,649, 1,779

Potential support around 1,624, 1,609, 1,585, 1,543, 1,519, 1,508, 1,494, TLD1, 1,451

Key event to watch out  (SG Time)
30 Jul, Mon

• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2200 US Pending Home Sales (MoM) (Jun)  

31 Jul, Tue

• 0900 China Manufacturing PMI (Jul) 
• 1000 Japan BoJ Monetary Policy Statement (YoY)
• 1000 Japan BoJ Outlook Report (YoY)     
• 1200 Japan BoJ Press Conference 
• 1555 German Unemployment Change (Jul)
• 1700 Europe CPI (YoY) (Jul)
• 1700 Europe GDP (QoQ)
• 2030 Canada GDP (MoM) (May)
• 2200 US CB Consumer Confidence (Jul)  

01 Aug, Wed

• 0945 China Caixin Manufacturing PMI (Jul) 
• 1555 German Manufacturing PMI (Jul)
• 1630 UK Manufacturing PMI (Jul)  
• 2015 US ADP Nonfarm Employment Change (Jul)
• 2200 US ISM Manufacturing PMI (Jul)  
• 2230 US Crude Oil Inventories

02 Aug, Thu

• 0200 US FOMC Statement
• 0200 US Fed Interest Rate Decision 
• 1630 UK Construction PMI (Jul) 
• 1900 UK BoE Inflation Report
• 1900 UK BoE Interest Rate Decision (Aug) 

03 Aug, Fri

• 0930 Australia Retail Sales (MoM) (Jun)  
• 1630 UK Services PMI (Jul) 
• 2030 US Nonfarm Payrolls (Jul)
• 2030 US Unemployment Rate (Jul)   
• 2200 US ISM Non-Manufacturing PMI (Jul)