US Markets 10 May 25

The US market closed lower, except the Russell edged higher. 

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

The dollar index continued to close higher.

Watch out for

• US CPI data
• Speech by Fed Chair Powell

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

UT 

• None

Neutral 

• None

DT 

• Nasdaq

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 41,884, 44,014, 46,144

Potential support around 39,754, 37,625, 35,495, 33,365

S&P
Daily DT, Weekly UT

Potential resistance around 5,809, 6,045, 6,280

Potential support around 5,574, 5,338, 5,103, 4,867

Nasdaq
Daily DT, Weekly UT

Potential resistance around 20,709, 21,431, 22,154

Potential support around 19,986, 19,264, 18,542, 17,819

Russell
Daily DT, Weekly DT
Potential resistance around 2,040, 2,170, 2,300

Potential support around 1,910, 1,779, 1,649, 1,519, 1,389

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

12 May, Mon

• No important data

13 May, Tue

• 1400 UK Employment Change 3M/3M (MoM) (Mar)
• 1400 UK Unemployment Rate (Mar)
• 1700 Germany ZEW Economic Sentiment (May)
• 2030 US Core CPI (MoM) (Apr)
• 2030 US CPI (MoM) (Apr)

14 May, Wed

• 2230 US Crude Oil Inventories

15 May, Thu

• 0930 Australia Employment Change (Apr)
• 0930 Australia Unemployment Rate (Apr)
• 1400 UK GDP (QoQ) (Q1)  
• 2030 US Core Retail Sales (MoM) (Apr)
• 2030 US Retail Sales (MoM) (Apr)
• 2030 US Philadelphia Fed Manufacturing Index (May)
• 2030 US PPI (MoM) (Apr)
• 2030 US Initial Jobless Claims
• 2040 US Fed Chair Powell Speaks

16 May, Fri

• 0750 Japan GDP (YoY) (Q1)  
• 2030 US Building Permits (Apr)  
• 2030 US Housing Starts (Apr)
• 2200 US Michigan Consumer Sentiment (May)