US Markets 21 Sep 18

US markets closed mixed this week. Dow and S&P created the historic high while Nasdaq and Russell closed lower.  On the last trading day of the week, Dow closed with a small +roc where the rest closed with a small roc.  Markets may pull back in short-term.

Dollar Index continues to pull back.  Watch out for US interest rate decision on 27 Sep, Thur 0200 Hrs (GMT +8) 

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 26,976, 29,106

Potential support around 26,627, TLU11, 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 TLU7, 7,706, 8,428

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

Russell
Daily UT, Weekly UT
Potential resistance around 1,743, 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)

24 Sep, Mon

• Australia, Japan and China holiday
• 1600 German Ifo Business Climate Index

25 Sep, Tue

• Hong Kong holiday
• 2200 US CB Consumer Confidence (Sep)  

26 Sep, Wed

• 2200 US New Home Sales (Aug) 
• 2230 US Crude Oil Inventories

27 Sep, Thu

• 0200 US FOMC Economic Projections     
• 0200 US FOMC Statement   
• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Press Conference   
• 0500 New Zealand RBNZ Interest Rate Decision      
• 0500 New Zealand RBNZ Rate Statement     
• 0600 New Zealand 0500 New Zealand 
• 2030 US Core Durable Goods Orders (MoM) (Aug) 
• 2030 US GDP (QoQ) (Q2) 
• 2200 US Pending Home Sales (MoM) (Aug)  

28 Sep, Fri

• 0545 Canada BoC Gov Poloz Speaks
• 0945 China Caixin Manufacturing PMI (Sep)
• 1555 German Unemployment Change (Sep)
• 1630 UK GDP (YoY) (Q2) 
• 1700 Europe CPI (YoY) (Sep)
• 2030 Canada GDP (MoM) (Jul)