US Market 20 Feb 2021

US market closed lower except for Dow closed higher.

BDI, CDFI, Harpex, and CCFI closed higher.

Dollar Index consolidating.

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

UT 

• Russell

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

S&P
Daily UT, Weekly UT

Potential resistance around 3,925, 4,161, 4,396

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, 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)

22 Feb, Mon

• 0930 China PBoC Loan Prime Rate
• 1700 German Ifo Business Climate Index (Feb)
• 2000 UK Prime Minister Boris Johnson speech
• 2145 Europe ECB's President Lagarde speech

23 Feb, Tue

• Japan Holiday
• 0545 New Zealand Retail Sales (QoQ)
• 1500 UK ILO Unemployment Rate (3M)
• 1500 UK Claimant Count Change (Jan)
• 1800 Europe CPI (YoY) (Jan)
• 2300 US CB Consumer Confidence (Feb)
• 2300 US Fed Chair Powell Testifies

24 Feb, Wed

• 0130 Canada BoC's Governor Macklem speech
• 0900 New Zealand RBNZ Interest Rate Decision
• 0900 New Zealand RBNZ Rate Statement  
• 1000 New Zealand RBNZ Press Conference  
• 1500 German GDP (QoQ) (Q4)
• 2300 US New Home Sales (Jan)
• 2300 US Fed Chair Powell Testifies 
• 2330 US Crude Oil Inventories

25 Feb, Thu

• 2130 US Core Durable Goods Orders (MoM) (Jan)
• 2130 US GDP (QoQ) (Q4)  
• 2130 US Initial Jobless Claims
• 2300 US Pending Home Sales (MoM) (Jan)

26 Feb, Fri

• 2130 US Goods Trade Balance
• 2300 US Michigan Consumer Sentiment Index