US Markets 04 Aug 18

US markets closed higher.  On the weekly chart, Dow and S&P  closed with an inside day.  Nasdaq and Russell broke pwl and recovered with a +roc.

BDI recovered but Harpex continues to close lower.

This is the 11th week that Dollar Index consolidating.

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 2,874

Potential support around 2,825, 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)
06 Aug, Mon

• No important data

07 Aug, Tue

• 1230 Australia RBA Interest Rate Decision (Aug) 
• 1230 Australia RBA Rate Statement
• 2200 US JOLTs Job Openings (Jun)
• 2200 Canada Ivey PMI (Jul)

08 Aug, Wed

• 2230 US Crude Oil Inventories

09 Aug, Thu

• Singapore Holiday
• 2030 US PPI (MoM) (Jul)

10 Aug, Fri

• 0750 Japan GDP (QoQ) (Q2)
• 1630 UK GDP (YoY) (Q2)
• 1630 UK Manufacturing Production (MoM) (Jun) 
• 2030 US Core CPI (MoM) (Jul)
• 2030 Canada Employment Change (Jul)