US Markets 14 Sep 19

US markets continue to close higher.  Russell broke out from consolidation and rallied to close at another strong resistance range.

BDI pull back while Harpex continues to close higher.

Dollar Index tested resistance and closed lower.

Watch out for Thur morning 2 AM (SGT) US FOMC interest rate decision.

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

• None

Neutral 

• Russell (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 DT, Weekly UT
Potential resistance around 27,350, 29,106

Potential support around 26,976, 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily UT, Weekly UT

Potential resistance around  3,022, 3,219

Potential support around 2,983, 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747

Nasdaq
Daily UT, 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 Neutral, 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

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

16 Sep, Mon

• Japan holiday
• 1000 China Industrial Production (YoY) (Aug)

17 Sep, Tue

• 0930 Australia RBA Meeting Minutes 
• 1700 German ZEW Economic Sentiment (Sep)

18 Sep, Wed

• 1630 UK CPI (YoY) (Aug)
• 1700 Europe CPI (YoY) (Aug)
• 2030 US Building Permits (Aug)
• 2030 Canada Core CPI (MoM) (Aug)
• 2230 US Crude Oil Inventories 

19 Sep, Thu

• 0200 US FOMC Economic Projections  
• 0200 US FOMC Statement  
• 0200 US Fed Interest Rate Decision 
• 0230 US FOMC Press Conference  
• 0645 New Zealand GDP (QoQ) (Q2)
• 0930 Australia Employment Change (Aug)
• 1000 Japan BoJ Monetary Policy Statement  
• 1530 Switzerland SNB Monetary Policy Assessment  
• 1900 UK BoE Interest Rate Decision (Sep)
• 1900 UK BoE MPC Meeting Minutes  
• 2030 US Philadelphia Fed Manufacturing Index (Sep)
• 2200 US Existing Home Sales (Aug)

20 Sep, Fri

• 2030 Canada Core Retail Sales (MoM) (Jul)