US Market 23 Jan 2021

US market continues to close at historic high except Dow.

BDI, Harpex, and CCFI closed higher while CDFI closed lower.

Dollar Index consolidating.

Watch out for FOMC statement, US Good trade balance and Initial Jobless Claims on Thur.

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

UT 

• DOW

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 31,236, 33,365

Potential support around  29,407, 29,106, 28,912, 28,195, 27,345, 26,635

S&P
Daily UT, Weekly UT

Potential resistance around 3,925, 4,161

Potential support around 3,690, 3,579, 3,454, 3,388, 3,219, 3,155, 3,07

Nasdaq
Daily UT, Weekly UT

Potential resistance around 13,485, 14,207

Potential support around 12,762, 12,410, 12,040, 11,318, 10,856, 10,595

Russell
Daily UT, Weekly UT
Potential resistance around 2,170, 2,300

Potential support around  2,040, 1,910, 1,779, 1,743, 1,708, 1,683, 1,649

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

25 Jan, Mon

• 1645 Europe ECB President Lagarde Speaks
• 1700 German Ifo Business Climate Index (Jan)

26 Jan, Tue

• 0015 Europe ECB President Lagarde Speaks
• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 1500 UK Average Earnings Index +Bonus (Nov)
• 1500 UK Claimant Count Change (Dec)
• 2300 US CB Consumer Confidence (Jan)

27 Jan, Wed

• 0830 Australia CPI (QoQ) (Q4)
• 2130 US Core Durable Goods Orders (MoM) (Dec)
• 2330 US Crude Oil Inventories

28 Jan, Thu

• 0300 US FOMC Statement
• 0300 US Fed Interest Rate Decision
• 0330 US FOMC Press Conference  
• 2130 German Harmonized Index of Consumer Prices (YoY)
• 2130 US GDP (QoQ) (Q4) 
• 2130 US Initial Jobless Claims
• 2130 US Goods Trade Balance
• 2130 Canada Building Permits (MoM)
• 2300 US New Home Sales (Dec)

29 Jan, Fri

• 0830 Australia Producer Price Index
• 1700 German GDP (QoQ) (Q4)
• 1700 German Unemployment Change (Jan)
• 2130 Canada GDP (MoM) (Nov)
• 2300 US Pending Home Sales (MoM) (Dec)
• 2300 US Michigan Consumer Sentiment Index