US Market 13 Feb 2021

US market closed at a new historic high for another week.

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

Dollar Index retreat back to the consolidation range.

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 33,365, 35,495

Potential support around 31,236, 29,407, 29,106, 28,912, 28,195, 27,345, 26,635

S&P
Daily UT, Weekly UT

Potential resistance around 4,161, 4,396

Potential support around 3,925, 3,690, 3,579, 3,454, 3,388, 3,219, 3,155

Nasdaq
Daily UT, Weekly UT

Potential resistance around 14,207, 14,930

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

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

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

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

• US, Hong Kong, Canada, China Holiday
• 0750 Japan GDP (QoQ)

16 Feb, Tue

• China Holiday
• 0800 Australia HIA New Home Sales (MoM)
• 0830 Australia RBA Meeting Minutes 
• 1800 German ZEW Economic Sentiment (Feb)
• 1800 Europe Gross Domestic Product s.a.

17 Feb, Wed

• China Holiday
• 1500 UK CPI (YoY) (Jan)
• 2130 US Core Retail Sales (MoM) (Jan)
• 2130 US PPI (MoM) (Jan)
• 2130 US Retail Sales (MoM) (Jan)
• 2130 Canada Core CPI (MoM) (Jan)

18 Feb, Thu

• 0300 US FOMC Meeting Minutes
• 0830 Australia Employment Change (Jan)
• 2030 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2130 US Building Permits (Jan)
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Feb)**
• 2330 US Crude Oil Inventories

19 Feb, Fri

• 0830 Australia Retail Sales (MoM) (Jan) 
• 1500 UK Retail Sales (MoM) (Jan)
• 1630 German Manufacturing PMI (Feb)
• 1700 Europe Markit PMI Composite  
• 1730 UK Services PMI  
• 2130 Canada Core Retail Sales (MoM) (Dec)
• 2300 US Existing Home Sales (Jan)