US Market 14 Dec 19

US market closed higher.  On the weekly chart, Dow, S&P and Nasdaq broke lhf.  S&P and Nasdaq closed at historic highs.

Dollar Index closed lower.

BDI and Harpex closed lower.

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

• Dow
• Nasdaq

Neutral 

• None

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 UT, Weekly UT
Potential resistance around 29,106, 31,236, 33,365

Potential support around 27,350, 26,976, 26,627, 26,245, 25,784, 25,645

S&P
Daily UT, Weekly UT

Potential resistance around 3,219, 3,454, 3,690

Potential support around 3,072, 3,022, 2,983, 2,940, 2,874, 2,854, 2,825, 2,814

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,150, 9,873

Potential support around 8,428, 8,196, 8,002, 7,859, 7,706, 7,516, 7,282, 7,134

Russell
Daily UT, Weekly UT
Potential resistance around 1,649 1,779, 1910

Potential support around 1,624, 1,609, 1,585,  1,543, 1,519, 1,508, 1,451, 1,420

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

16 Dec, Mon

• 1000 China Industrial Production (YoY) (Nov) 
• 1630 German Manufacturing PMI (Dec)  
• 1700 Eruope Markit Manufacturing PMI 
• 1730 UK Composite PMI
• 1730 UK Manufacturing PMI  
• 1730 UK Services PMI  

17 Dec, Tue

• 0830 Australia RBA Meeting Minutes  
• 1730 UK Average Earnings Index +Bonus (Oct)
• 1730 UK Claimant Count Change (Nov) 
• 2130 US Building Permits (Nov)
• 2300 US JOLTs Job Openings (Oct) 

18 Dec, Wed

• 1630 Europe ECB's President Lagarde speech
• 1700 German Ifo Business Climate Index (Dec)
• 1730 UK CPI (YoY) (Nov
• 1800 Europe CPI (YoY) (Nov)
• 2130 Canada Core CPI (MoM) (Nov)
• 2330 US Crude Oil Inventories 

19 Dec, Thu

• 0545 New Zealand GDP (QoQ) (Q3)
• 0830 Australia Employment Change (Nov)
• 1100 Japan BoJ Monetary Policy Statement 
• 1100 Japan BoJ Interest Rate Decision
• 1430 Japan BoJ Press Conference  
• 2000 UK BoE MPC Meeting Minutes  
• 2000 UK BoE Interest Rate Decision
• 2130 US Philadelphia Fed Manufacturing Index (Dec)
• 2300 US Existing Home Sales (Nov)

20 Dec, Fri

• 0930 China PBoC Loan Prime Rate 
• 1730 UK GDP (QoQ) (Q3)
• 2130 US GDP (QoQ) (Q3)
• 2130 Canada Core Retail Sales (MoM) (Oct)
• 2300 US Michigan Consumer Sentiment Index