US Markets 01 Sep 18

US markets closed higher.  S&P, Nasdaq and Russell created the historic high.  On the weekly chart, Nasdaq broke consolidation and lhf.

Harpex and BDI continue to slide down.

Dollar Index pierces thru the support, recovered to close above the support.

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 TLU11, 26,627, 26,976, 29,106

Potential support around 25,784, 25,649, 25,336, 24,481, 24,170

S&P
Daily UT, Weekly UT

Potential resistance around 2,983, 3,219

Potential support around 2,874, 2,863, 2,825, 2,814, 2,786, 2,748, 2,710, 2,593

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,706, 8,428

Potential support around TLU7, 7,516, 7,282, 7,134, 6,982, TLU6, 6,857, 6,346, 6,261

Russell
Daily UT, Weekly UT
Potential resistance around TLU3, 1,779

Potential support around 1,708, 1,683, 1,624, 1,609, 1,585, 1,543, 1,519

Key event to watch out  (SG Time)
03 Sep, Mon

• US and Canada holiday
• 0930 Australia Retail Sales (MoM) (Jul) 
• 0945 China Caixin Manufacturing PMI (Aug)   
• 1555 German Manufacturing PMI (Aug) 
• 1630 UK Manufacturing PMI (Aug) 

04 Sep, Tue

• 1230 Australia RBA Interest Rate Decision (Sep) 
• 1630 UK Construction PMI (Aug)  
• 2200 US ISM Manufacturing PMI (Aug)

05 Sep, Wed

• 0930 Australia GDP (QoQ) (Q2) 
• 1630 UK Services PMI (Aug) 
• 2200 Canada BoC Interest Rate Decision 

06 Sep, Thu

• 2015 US ADP Nonfarm Employment Change (Aug)
• 2200 US ISM Non-Manufacturing PMI (Aug)
• 2300 US Crude Oil Inventories

07 Sep, Fri

• 1700 Europe Gross Domestic Product s.a.
• 2030 US Nonfarm Payrolls (Aug)
• 2030 US Unemployment Rate (Aug)   
• 2030 Canada Employment Change (Aug) 
• 2200 Canada Ivey PMI (Aug)