US Market 11 Jan 2020

On the weekly chart, US markets broke pwh and closed higher with a +roc except for Russell broke pwl closed lower with a +roc.

Dollar Index closed higher.

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

• None

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 28,195, 27,350, 26,976, 26,627, 26,245, 25,784, 25,645

S&P
Daily UT, Weekly UT

Potential resistance around 3,454, 3,690

Potential support around 3,219, 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 1,683, 1,708, 1,743, 1,779, 1910

Potential support around 1,649, 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)

13 Jan, Mon

• Japan holiday
• 1730 UK GDP
• 1730 UK Manufacturing Production (MoM) (Nov)
• 1730 UK Monthly GDP 3M/3M Change 

14 Jan, Tue

• 0750 Japan Current Account n.s.a.
• 2130 US CPI (MoM) (Dec)

15 Jan, Wed

• 0830 Japan BoJ's Governor Kuroda speech
• 1730 UK CPI (YoY) (Dec)
• 2130 US PPI (MoM) (Dec)
• 2330 US Crude Oil Inventories 

16 Jan, Thu

• 1500 German Harmonized Index of Consumer Prices (YoY)
• 2030 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2130 US Core Retail Sales (MoM) (Dec) 
• 2130 US Philadelphia Fed Manufacturing Index (Jan)
• 2130 US Retail Sales (MoM) (Dec)

17 Jan, Fri

• 1000 China GDP (YoY) (Q4)
• 1000 China Industrial Production (YoY) (Dec)
• 1730 UK Retail Sales (MoM) 
• 1800 Europe CPI (YoY) (Dec)
• 2130 US Building Permits (Dec)
• 2300 US JOLTs Job Openings (Nov) 
• 2300 US Michigan Consumer Sentiment Index