US Markets 28 Sep 19

On the weekly chart, US markets broke hlf and closed lower.

BDI closed lower while Harpex closed higher.

Dollar Index closed above 98.7 level.

Various countries will be reporting Manufacturing PMI data.  US NFP on Fri.  Fed Chair Powell Speaks on Sat 0200 Hrs (SGT)

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

• None

Neutral 

• None

DT 

• Russell

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 DT, 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 DT, Weekly UT

Potential resistance around 7,706, 7,859, 8,002, 8,428

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

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

Potential support around 1,519, 1,508,  1,451, 1,420, 1,388, 1,341

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

30 Sep, Mon

• 0900 China Manufacturing PMI (Sep)
• 0945 China Caixin Manufacturing PMI (Sep) 
• 1555 German Unemployment Change (Sep)
• 1630 GBP GDP (QoQ)
• 2000 German Harmonized Index of Consumer Prices (YoY)

01 Oct, Tue

• China and Hong Kong holiday
• 1230 Australia RBA Rate Statement
• 1230 Australia RBA Interest Rate Decision
• 1335 Japan BoJ's Governor Kuroda speech
• 0750 Japan Tankan Large Manufacturers Index (Q3)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q3)
• 1230 Australia RBA Interest Rate Decision 
• 1230 Australia RBA Rate Statement
• 1555 German Manufacturing PMI (Sep)
• 1630 UK Manufacturing PMI (Sep)
• 1700 Europe CPI (YoY) (Sep)  
• 1720 Australia RBA's Governor Lowe speech
• 2030 Canada GDP (MoM) (Jul)
• 2200 US ISM Manufacturing PMI (Sep) 

02 Oct, Wed

• China and India holiday
• 1630 UK Construction PMI (Sep)
• 2015 US ADP Nonfarm Employment Change (Sep)
• 2230 US Crude Oil Inventories 

03 Oct, Thu

• China and Germany holiday
• 1630 UK Composite PMI (Sep)
• 1630 UK Services PMI (Sep)
• 2200 US ISM Non-Manufacturing PMI (Sep)

04 Oct, Fri

• China holiday
• 0930 Australia Retail Sales (MoM) (Aug)
• 2030 US Nonfarm Payrolls (Sep)
• 2030 US Unemployment Rate (Sep)
• 2200 Canada Ivey PMI (Sep)

05 Oct, Sat

• 0200 US Fed Chair Powell Speaks