US Market 06 Feb 2021

US market closed st a new historic high.

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

Dollar Index broke out.

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 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

Nasdaq
Daily UT, Weekly UT

Potential resistance around 14,207

Potential support around 13,485, 12,762, 12,410, 12,040, 11,318

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

Potential support around 2,170, 2,040, 1,910, 1,779, 1,743, 1,708

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

08 Feb, Mon

• New Zealand Holiday
• 0750 Japan Current Account n.s.a.

09 Feb, Tue

• 2000 US EIA Short-Term Energy Outlook
• 2300 US JOLTs Job Openings (Dec)

10 Feb, Wed

• 0900 New Zealand RBNZ Rate Statement
• 0900 New Zealand RBNZ Interest Rate Decision
• 0930 China Consumer Price Index (YoY)
• 1000 New Zealand RBNZ Press Conference
• 1500 German Harmonized Index of Consumer Prices (YoY)
• 2130 US Core CPI (MoM) (Jan)
• 2330 US Crude Oil Inventories

11 Feb, Thu

• Japan, China, Hong Kong, Singapore holiday
• 0100 UK BoE's Governor Bailey speech
• 0130 US federal budget
• 2130 US Initial Jobless Claims

12 Feb, Fri

• Japan, China, Hong Kong, Singapore holiday
• 0000 US Fed Monetary Policy Report
• 1500 UK GDP (Q4)
• 1500 UK Manufacturing Production (MoM) (Dec)
• 1500 UK Monthly GDP 3M/3M Change
• 2300 US Michigan Consumer Sentiment Index