US Markets 07 Sep 19

US markets broke up from consolidation and closed higher except for Russell still in consolidation mode.

BDI and Harpex closed higher.

Dollar Index failed to hold above support.

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

• None

Neutral 

• S&P
• Nasdaq

DT 

• Russell (1)

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 DT, Weekly UT
Potential resistance around 26,976, 27,350, 29,106

Potential support around 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily Neutral, Weekly UT

Potential resistance around  2,983, 3,022, 3,219

Potential support around 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 8,002, 8,428

Potential support around 7,859, 7,706, 7,516, 7,282, 7,134, 6,982, 6,516

Russell
Daily DT, Weekly DT
Potential resistance around 1,508, 1,519, 1,543, 1,585, 1,609, 1,624, 1,683, 1,708

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

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

09 Sep, Mon

• 0750 Japan GDP
• 1630 UK GDP
• 1630 UK Manufacturing Production (MoM) (Jul)

10 Sep, Tue

• 0200 UK Parliamentary Vote on Brexit
• 0930 China Consumer Price Index (YoY)
• 1630 UK Average Earnings Index +Bonus (Jul)
• 1630 UK Claimant Count Change (Aug) 
• 2200 US JOLTs Job Openings (Jul)

11 Sep, Wed

• 2030 US PPI (MoM) (Aug)
• 2230 US Crude Oil Inventories 

12 Sep, Thu

• 1400 German Harmonized Index of Consumer Prices (YoY)
• 1945 Europe Deposit Facility Rate (Sep) 
• 1945 Europe ECB Marginal Lending Facility 
• 1945 Europe ECB Monetary Policy Statement  
• 1945 Europe ECB Interest Rate Decision 
• 2030 US Core CPI (MoM) (Aug)
• 2030 Europe ECB President Draghi Speaks  
• 2030 Europe ECB Press Conference  

13 Sep, Fri

• China Holiday
• 2030 US Core Retail Sales (MoM) (Aug) 
• 2030 US Retail Sales (MoM) (Aug)