US Market 15 Feb 2020

US market closed higher.  Dow, S&P and Nasdaq closed at historic highs.

BDI closed higher and Harpex closed lower.  

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 29,407, 31,236, 33,365

Potential support around 29,106, 28,730, 28,195, 27,350, 26,976, 26,627, 26,245

S&P
Daily UT, Weekly UT

Potential resistance around 3,690, 3,925

Potential support around 3,326, 3,256, 3,219, 3,155, 3,072, 3,022, 2,983, 2,940

Nasdaq
Daily UT, Weekly UT

Potential resistance around 9,873, 10,595

Potential support around 9,243, 9,166, 8,954, 8,781, 8,428, 8,196, 8,002

Russell
Daily UT, Weekly UT
Potential resistance around 1,708, 1,743, 1,779, 1910

Potential support around 1,683, 1,649, 1,624, 1,609, 1,585, 1,543, 1,519, 1,508

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

17 Feb, Mon

• 0750 Japan GDP (QoQ) (Q4)

18 Feb, Tue

• 0830 Australia RBA Meeting Minutes  
• 1730 UK Average Earnings Index +Bonus (Dec)
• 1730 UK Claimant Count Change (Jan)
• 1800 German ZEW Economic Sentiment (Feb)

19 Feb, Wed

• 1730 UK CPI (YoY) (Jan)
• 2130 US Building Permits (Jan) 
• 2130 US PPI (MoM) (Jan)
• 2130 Canada Core CPI (MoM) (Jan)

20 Feb, Thu

• 0300 US FOMC Meeting Minutes  
• 0830 Australia Employment Change (Jan) 
• 0930 China PBoC Loan Prime Rate 
• 1730 UK Retail Sales (MoM) (Jan)
• 2030 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2130 US Philadelphia Fed Manufacturing Index (Feb)

21 Feb, Fri

• 0000 US Crude Oil Inventories 
• 1630 German Manufacturing PMI (Feb) 
• 1700 Europe Markit PMI Composite 
• 1730 UK Composite PMI  
• 1730 UK Manufacturing PMI 
• 1730 UK Services PMI   
• 1800 Europe CPI (YoY) (Jan)
• 2130 Canada Core Retail Sales (MoM) (Dec) 
• 2300 US Existing Home Sales (Jan)