US Markets 22 Feb 25

The US market closed lower. The Dow and Russell broke the higher-low formation.

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

The dollar index closed lower with a small roc. 

Watch out for

• GDP and CPI data by multiple countries

There will be no summary update next week due to personal and work commitments.

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 DT, Weekly UT
Potential resistance around 44,014, 46,144

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

S&P
Daily UT, Weekly UT

Potential resistance around 6,045, 6,280

Potential support around 5,809, 5,574, 5,338, 5,103

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)

24 Feb, Mon

• Japan on holiday
• 1800 Europe CPI (YoY) (Jan)

25 Feb, Tue

• 1500 Germany GDP (QoQ) (Q4)
• 2300 US CB Consumer Confidence (Feb)

26 Feb, Wed

• 2300 US Crude Oil Inventories
• 2300 US New Home Sales (Jan)

27 Feb, Thu

• 1600 Switzerland GDP (YoY) (Q4)
• 2130 US Durable Goods Orders (MoM) (Jan)
• 2130 US GDP (QoQ) (Q4)  
• 2130 US Initial Jobless Claims

28 Feb, Fri

• 1500 UK Nationwide HPI (MoM) (Feb)
• 2100 Germany CPI (MoM) (Feb) 
• 2130 US Core PCE Price Index (MoM) (Jan)
• 2130 US Core PCE Price Index (YoY) (Jan)
• 2130 Canada GDP (YoY) (Q4)
• 2245 US Chicago PMI (Feb)