US Market 25 Sep 2021

US market broke pwl (previous week low) and recovered to close higher with a +roc (close price > open price).

Harpex, BDI, CCFI, and CDFI closed higher.

Dollar Index failed at 93.3 resistance level

Watch out for

• Speeches by ECB President Lagarde, Fed Chair Powell and BoE Gov Bailey.
• Manufacturing PMI data from various countries.

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 DT, Weekly UT
Potential resistance around 35,495, 37,625

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

S&P
Daily Neutral, 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, 16,374

Potential support around 14,930, 14,207, 13,485, 12,762

Russell
Daily Neutral, 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)

27 Sep, Mon

• 1945 Europe ECB President Lagarde Speaks
• 2030 US Core Durable Goods Orders (MoM) (Aug)

28 Sep, Tue

• 0930 Australia Retail Sales (MoM) (Aug) 
• 2000 Europe ECB President Lagarde Speaks 
• 2030 US Goods Trade Balance
• 2200 US CB Consumer Confidence (Sep)
• 2200 US Fed Chair Powell Testimony

29 Sep, Wed

• 2200 US Pending Home Sales (MoM) (Aug)
• 2230 US Crude Oil Inventories
• 2245 US Fed Chair Powell Speaks  
• 2345 UK BoE Gov Bailey Speaks
• 2345 Europe ECB President Lagarde Speaks 

30 Sep, Thu

• 0900 China Manufacturing PMI (Sep)
• 0945 China Caixin Manufacturing PMI (Sep)
• 1400 UK GDP (Q2)
• 1555 German Unemployment Change (Sep)
• 1700 Europe Unemployment Rate (Aug)
• 2030 US GDP (Q2)
• 2030 US Initial Jobless Claims

01 Oct, Fri

• 0700 Australia Markit Manufacturing PMI (Sep)
• 0750 Japan Tankan Large Manufacturers Index (Q3)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q3)
• 1400 German Retail Sales
• 1555 German Manufacturing PMI (Sep)
• 1600 Europe Markit Manufacturing PMI (Sep)
• 1630 UK Manufacturing PMI (Sep)
• 1700 Europe CPI (YoY) (Sep) 
• 2030 Canada GDP (MoM) (Jul)
• 2200 US ISM Manufacturing PMI (Sep)
• 2200 US Michigan Consumer Sentiment (Sep)