US Markets 05 Oct 19

US market slumped down and recovered some losses before closing.  Dow and S&P closed at the recent strong resistance level.  Nasdaq closed with a small +roc.  Russell moving sideways since Apr. 

BDI closed lower while Harpex closed higher.

Dollar Index closed below 98.7 level.

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 26,627, 26,976, 27,350, 29,106

Potential support around 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 7,859, 8,002, 8,428

Potential support around 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

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

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

07 Oct, Mon

• China and Hong Kong holiday
• No important data

08 Oct, Tue

• 1200 UK BoE's Governor Carney speech
• 2030 US PPI (MoM) (Sep)

09 Oct, Wed

• 0230 US Fed's Chair Powell speech
• 2200 US JOLTs Job Openings (Aug) 
• 2230 US Crude Oil Inventories 
• 2300 US Fed's Chair Powell speech

10 Oct, Thu

• 0200 US FOMC Meeting Minutes  
• 1600 UK GDP
• 1630 UK Manufacturing Production (MoM) (Aug)
• 1930 Europe ECB Monetary Policy Meeting Accounts
• 2030 US Core CPI (MoM) (Sep)

11 Oct, Fri

• 1400 Germany Harmonized Index of Consumer Prices (YoY)
• 2030 Canada Employment Change (Sep)