US market closed higher. Dow and Russell broke pwl (previous week low) and recovered while S&P and Nasdaq closed with an inside day on the weekly chart.
BDI, CDFI, Harpex, and CCFI closed lower.
The dollar index broke out and closed higher.
Watch out for
- Interest Rate Decision by New Zealand and Canada
- UK and China GDP
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- Dow (1)
- S&P
- Russell (1)
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- 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 are based on 50 Simple Moving Average.(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily DT, Weekly DT
Potential resistance around 33,365, 35,495, 37,625
Potential resistance around 33,365, 35,495, 37,625
Potential support around 31,236, 29,407, 29,106, 28,912
S&P
Daily DT, Weekly DT
Daily DT, Weekly DT
Potential resistance around 3,925, 4,161, 4,396
Potential support around 3,690, 3,454, 3,219, 2,983
Nasdaq
Daily DT, Weekly DT
Potential resistance around 12,762, 13,485, 14,207, 14,930
Potential support around 12,040, 11,318, 10,856, 10,595, 9,873
Russell
Daily DT, Weekly DT
Potential resistance around 1,779, 1,910, 2,040
Daily DT, Weekly DT
Potential resistance around 1,779, 1,910, 2,040
Potential support around 1,649, 1,519, 1,389
Key event to watch out for (SG Time, GMT+8)
11 Jul, Mon
- No important data
12 Jul, Tue
- 1700 German ZEW Economic Sentiment (Jul)
13 Jul, Wed
- 0100 UK BoE Gov Bailey Speaks
- 1000 New Zealand RBNZ Interest Rate Decision
- 1100 China Balance of Trade (Jun)
- 1400 UK GDP (May)
- 1400 UK Goods Trade Balance (May)
- 2030 US Core CPI (MoM) (Jun)
- 2200 Canada BoC Monetary Policy Report
- 2200 Canada BoC Interest Rate Decision
- 2200 New Zealand RBNZ Rate Statement
- 2230 US Crude Oil Inventories
- 2300 Canada BoC Press Conference
14 Jul, Thu
- 0930 Australia Employment Change (Jun)
- 2030 US Initial Jobless Claims
- 2030 US PPI (MoM) (Jun)
15 Jul, Fri
- 1000 China GDP (Q2)
- 1000 China Industrial Production (YoY) (Jun)
- 2030 US Core Retail Sales (MoM) (Jun)
- 2030 US Retail Sales (MoM) (Jun)
- 2200 US Michigan Consumer Sentiment (Jul)
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