US Market 14 Aug 2021

US market closed mixed. 
Dow and S&P closed with a historic high. In contrast, Nasdaq and Russell closed lower with an inside day on the weekly chart.
Russell is consolidating between 2,084 and 2,368.

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

The dollar index closed lower.

Watch out for

• RBA Meeting Minutes
• Various countries reporting Retail Sales and CPI data
• FOMC Minutes
• RBNZ Interest Rate Decision and statement

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

UT 

• None

Neutral 

• None

DT 

• Russell

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 35,495

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,632

Potential support around 4,396, 4,161, 3,925, 3,690, 3,579, 3,454

Nasdaq
Daily UT, Weekly UT

Potential resistance around 15,652

Potential support around 114,930, 4,207, 13,485, 12,762, 12,410, 12,040

Russell
Daily DT, Weekly UT
Potential resistance around 2,300, 2,430, 2,561

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

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

16 Aug, Mon

• 0750 Japan GDP (QoQ) (Q2)
• 1000 China Industrial Production (YoY) (Jul)
• 1000 China Retail Sales (YoY)

17 Aug, Tue

• 0930 Australia RBA Meeting Minutes
• 1400 UK Claimant Count Change (Jul)
• 1400 UK Average Earnings Index +Bonus (Jun)
• 1700 Europe Gross Domestic Product s.a.
• 2030 US Core Retail Sales (MoM) (Jul)
• 2030 US Retail Sales (MoM) (Jul)

18 Aug, Wed

• 1000 New Zealand RBNZ Interest Rate Decision
• 1000 New Zealand RBNZ Rate Statement  
• 1100 New Zealand RBNZ Press Conference 
• 1400 UK CPI (YoY) (Jul)
• 1700 Europe CPI (YoY) (Jul)
• 2030 US Building Permits (Jul)
• 2030 Canada Core CPI (MoM) (Jul)
• 2230 US Crude Oil Inventories

19 Aug, Thu

• 0200 US FOMC Meeting Minutes
• 0930 Australia Unemployment Change s.a.
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Aug)

20 Aug, Fri

• 0930 China PBoC Loan Prime Rate
• 1400 UK Retail Sales (MoM) (Jul)
• 2030 Canada Core Retail Sales (MoM) (Jun)