US Market 25 Jan 2020

US market closed lower.  On the weekly chart, Dow and Russell closed with a -roc inside day.  S&P and Nasdaq broke pwh but closed lower with a -roc.

BDI and Harpex closed lower.

Dollar Index closed above trend resistance.

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, 29,407, 31,236, 33,365

Potential support around 28,730, 28,195, 27,350, 26,976, 26,627, 26,245, 25,784

S&P
Daily UT, Weekly UT

Potential resistance around 3,326, 3,454, 3,690

Potential support around 3,256, 3,249, 3,219, 3,155, 3,072, 3,022, 2,983, 2,940, 2,874

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,166, 9,243, 9,873

Potential support around 8,954, 8,781, 8,428, 8,196, 8,002, 7,859, 7,706, 7,516

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

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

27 Jan, Mon

• Australia, China, Hong Kong, Singapore Holiday
• 1700 German Ifo Business Climate Index (Jan)
• 2300 New Home Sales (Dec)

28 Jan, Tue

• China, Hong Kong Holiday
• 2130 US Core Durable Goods Orders (MoM) (Dec)
• 2300 US CB Consumer Confidence (Jan) 

29 Jan, Wed

• China Holiday
• 0830 Australia CPI (QoQ) (Q4)
• 2130 US Goods Trade Balance
• 2300 US Pending Home Sales (MoM) (Dec)
• 2330 US Crude Oil Inventories 

30 Jan, Thu

• China Holiday
• 0300 US FOMC Statement  
• 0300 US Fed Interest Rate Decision 
• 0330 US FOMC Press Conference  
• 1655 German Unemployment Change (Jan)
• 2000 UK BoE Inflation Report  
• 2000 UK BoE Interest Rate Decision (Jan) 
• 2000 UK BoE MPC Meeting Minutes  
• 2030 UK BoE Gov Carney Speaks  
• 2130 US GDP (QoQ) (Q4)  

31 Jan, Fri

• 0800 UK Brexit Day - UK leaves the EU
• 0830 Australia Producer Price Index
• 0900 China Manufacturing PMI (Jan)
• 1800 Europe CPI (YoY) (Jan)  
• 1800 Europe Gross Domestic Product s.a.
• 2130 Canada GDP (MoM) (Nov)
• 2300 US Michigan Consumer Sentiment Index