US Markets 15 Feb 25

The US market closed higher, except Russell closed lower. The US market is consolidating.

While Harpex closed higher, BDI, CDFI and CCFI resumed to close lower.

The dollar index broke the consolidating support and closed lower.

Watch out for

• Australia and New Zealand Interest Rate Decision 
• Retail Sales, Manufacturing PMI and CPI data by multiple countries
• FOMC Meeting Minutes

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

UT 

• None

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 are based on 50 Simple Moving Averages

Dow
Daily UT, Weekly UT
Potential resistance around 46,144

Potential support around 44,014, 41,884, 39,754, 37,625, 35,495

S&P
Daily UT, Weekly UT

Potential resistance around 6,280

Potential support around 6,045, 5,809, 5,574, 5,338

Nasdaq
Daily UT, Weekly UT

Potential resistance around 22,154, 22,876

Potential support around 21,431, 20,709, 19,986, 19,264, 18,542

Russell
Daily DT, Weekly UT
Potential resistance around 2,300, 2,430, 2,561, 2,691

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

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

17 Feb, Mon

• US and Canada on holiday
• 0750 Japan GDP (QoQ) (Q4)

18 Feb, Tue

• 1130 Australia RBA Interest Rate Decision (Feb)
• 1500 UK Claimant Count Change (Jan)
• 1500 UK Unemployment Rate (Dec)
• 1730 UK BoE Gov Bailey Speaks 
• 1800 Germany ZEW Economic Sentiment (Feb)
• 2130 Canada Core CPI (MoM) (Jan)
• 2130 Canada CPI (MoM) (Jan)

19 Feb, Wed

• 0900 New Zealand RBNZ Interest Rate Decision
• 1500 UK CPI (YoY) (Jan)
• 1600 Europe European Central Bank Non-monetary Policy Meeting 
• 2130 US Building Permits (Jan)
• 2130 US Housing Starts (MoM) (Jan)

20 Feb, Thu

• 0300 US FOMC Meeting Minutes
• 0830 Australia Employment Change (Jan)
• 0830 Australia Unemployment Rate (Jan)
• 0915 China PBoC Loan Prime Rate
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Feb)

21 Feb, Fri

• 0100 US Crude Oil Inventories
• 0730 Japan National Core CPI (YoY) (Jan)
• 1500 UK Core Retail Sales (MoM) (Jan)
• 1500 UK Retail Sales (MoM) (Jan)
• 1630 Germany HCOB Manufacturing PMI (Feb) 
• 1700 Europe HCOB Manufacturing PMI (Feb) 
• 1730 UK S&P Global Manufacturing PMI (Feb)  
• 2130 Canada Core Retail Sales (MoM) (Dec)
• 2130 Canada Retail Sales (MoM) (Dec)
• 2245 US S&P Global Manufacturing PMI (Feb)  
• 2300 US Existing Home Sales (Jan)
• 2300 US Michigan Consumer Sentiment (Feb)