Sunday, July 7, 2019

US Markets 06 Jul 19

US markets closed at historic high (except for Russell).  On the weekly charts, US markets broke lhf and closed higher.  Russell and Nasdaq closed with a small +roc.

BDI rallied from 1,354 (28 Jun) to 1,740 (05 Jul)
Harpex edge higher from 608.55 (21 Jun) to 611.60 (28 Jun)

Dollar Index rallied..

No COT charts due to federal government closed for the holiday.




Dow
Daily Neutral, Weekly UT
Potential resistance around 26,976, 29,106
Potential support around 26,627, 26,245, 25,784, 25,645, 25,326, 24,837, 24,170, 23,567

S&P
Daily UT, Weekly UT
Potential resistance around 3,219
Potential support around 2,983, 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT
 , Weekly UT
Potential resistance around 7,859, 8,428
Potential support around 7,706 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily DT, Weekly 
DT
Potential resistance around 
1,585, 1,609, 1,624, 1,683, 1,708
Potential support around 1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time, GMT+8)
08 Jul, Mon
  • 0750 Japan Current Account n.s.a.
09 Jul, Tue
  • 2030 Canada Building Permits (MoM)
  • 2045 US Fed's Chair Powell speech
  • 2200 US JOLTS Job Openings
10 Jul, Wed
  • 0930 China Consumer Price Index (YoY)
  • 1500 Europe Non-Monetary Policy ECB Meeting
  • 1630 UK GDP (MoM)
  • 1630 UK Manufacturing Production (MoM) (May)
  • 1630 UK Monthly GDP 3M/3M Change 
  • 2200 Canada BoC Monetary Policy Report  
  • 2200 Canada BoC Interest Rate Decision 
  • 2215 Canada BOC Press Conference 
  • 2200 US Fed's Chair Powell speech 
  • 2200 US Fed's Chair Powell testifies
  • 2230 US Crude Oil Inventories 
11 Jul, Thu
  • 0200 US FOMC Meeting Minutes
  • 1400 Germany Harmonized Index of Consumer Prices (YoY)  
  • 1930 Europe ECB Publishes Account of Monetary Policy Meeting  
  • 2030 US Core CPI (MoM) (Jun)
  • 2200 US Fed's Chair Powell speech 
  • 2200 US Fed's Chair Powell testifies
12 Jul, Fri
  • 2030 US PPI (MoM) (Jun)
  • 2300 US Fed Monetary Policy Report  

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