US Market 27 Feb 2021

On the weekly chart, the US market broke pwl (previous week low) and closed lower.

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

Dollar Index consolidating.

Watch out for 

• Manufacturing PMI data from various countries,
• RBA Interest Rate,
• ECB's President Lagarde speech,
• Fed's Chair Powell speech, 
• US NFP and unemployment rate.

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

UT 

• Dow
• 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 31,236, 33,365, 35,495

Potential support around 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 13,485, 14,207, 14,930

Potential support around 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)

01 Mar, Mon

• 0945 China Caixin Manufacturing PMI (Feb)
• 1655 German Manufacturing PMI (Feb)
• 1730 UK Manufacturing PMI (Feb)
• 2100 German Harmonized Index of Consumer Prices (YoY)
• 2300 US ISM Manufacturing PMI (Feb)

02 Mar, Tue

• 0010 Europe ECB's President Lagarde speech
• 1130 Australia RBA Interest Rate Decision (Mar)
• 1130 Australia RBA Rate Statement 
• 1655 German Unemployment Change (Feb)
• 1800 Europe CPI (YoY) (Feb) 
• 2130 Canada GDP (MoM) (Dec)

03 Mar, Wed

• 0830 Australia GDP (QoQ) (Q4)
• 1730 UK Composite PMI (Feb)
• 1730 UK Services PMI (Feb)
• 2115 US ADP Nonfarm Employment Change (Feb)
• 2130 Canada Building Permits (MoM)
• 2300 US ISM Non-Manufacturing PMI (Feb)
• 2330 US Crude Oil Inventories

04 Mar, Thu

• 0415 New Zealand RBNZ Gov Orr Speaks  
• 0830 Australia Retail Sales (MoM) (Jan)
• 2130 US Initial Jobless Claims

05 Mar, Fri

• 0105 US Fed's Chair Powell speech
• 2130 US Nonfarm Payrolls (Feb)
• 2130 US Unemployment Rate (Feb)
• 2130 US Goods and Services Trade
• 2300 Canada Ivey PMI (Feb)

06 Mar, Sat

• 0300 US Federal Budget