US Markets 08 Jun 19

On the weekly chart, US markets closed higher with a +roc outside day (potential of a new trend) except for Russell closed higher.

BDI and Harpex closed higher.

Dollar Index closed lower.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT 

• None

Neutral 

• Nasdaq
• Dow (1)

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 Neutral, Weekly UT
Potential resistance around 26,245, 26,627, 26,976, 29,106

Potential support around 25,784, 25,645, 25,326, 24,837, 24,170, 23,567

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,940, 2,983, 3,219

Potential support around 2,874, 2,854, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily Neutral , Weekly UT

Potential resistance around 7,516, 7,706, 8,428

Potential support around 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily DT, Weekly DT
Potential resistance around 1,519, 1,543, 1,585, 1,609, 1,624

Potential support around 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time, GMT+8)
10 Jun, Mon

• Australia, Switzerland and Germany holiday
• 0750 Japan GDP (QoQ) (Q1)
• 1630 UK GDP (YoY) 
• 1630 UK Manufacturing Production (MoM) (Apr)
• 1630 UK Monthly GDP 3M/3M Change 
• 2030 Canada Building Permits (MoM)
• 2200 US JOLTs Job Openings (Apr)

11 Jun, Tue

• 1630 UK Average Earnings Index +Bonus (Apr)
• 1630 UK Claimant Count Change (May) 
• 2030 US PPI (MoM) (May)

12 Jun, Wed

• 0930 China Consumer Price Index (YoY)
• 1615 Europe ECB President Draghi Speaks  
• 2030 US Core CPI (MoM) (May)
• 2230 US Crude Oil Inventories 

13 Jun, Thu

• 0930 Australia Employment Change (May) 
• 1400 German Harmonized Index of Consumer Prices (YoY)
• 1530 Switzerland SNB Interest Rate Decision 
• 1530 Switzerland SNB Monetary Policy Assessment  
• 1600 Switzerland SNB Press Conference  

14 Jun, Fri

• 1000 China Industrial Production (YoY) (May)
• 2030 US Core Retail Sales (MoM) (May) 
• 2030 US Retail Sales (MoM) (May)
• 2200 US Michigan Consumer Sentiment Index