US Markets 12 Jul 25

The US market closed lower. 

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

The dollar index broke the lower-high formation on the weekly chart and 97.3 resistance to close higher.

Watch out for

• CPI data from multiple countries 
• China data includes GDP, Import, Export and Industrial Production 

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 

• Nasdaq

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

S&P
Daily UT, Weekly UT

Potential resistance around 6,280, 6,516

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

Nasdaq
Daily UT, Weekly UT

Potential resistance around 22,876, 23,598

Potential support around 22,154, 21,431, 20,709, 19,986

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

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

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

14 Jul, Mon

• 1100 China Exports (YoY) (Jun)
• 1100 China Imports (YoY) (Jun)

15 Jul, Tue

• 1000 China Fixed Asset Investment (YoY) (Jun)
• 1000 China GDP (YoY) (Q2)
• 1000 China Industrial Production (YoY) (Jun)
• 1000 China Unemployment Rate (Jun)
• 1700 Germany ZEW Economic Sentiment (Jul)
• 1700 Europe Industrial Production (MoM) (May)
• 1700 Europe ZEW Economic Sentiment (Jul)
• 2030 US Core CPI (MoM) (Jun)
• 2030 US CPI (MoM) (Jun)
• 2030 US NY Empire State Manufacturing Index (Jul)
• 2030 Canada Core CPI (MoM) (Jun)
• 2030 Canada CPI (MoM) (Jun)

16 Jul, Wed

• 0045 US Fed Vice Chair for Supervision Barr Speaks  
• 0400 UK BoE Gov Bailey Speaks
• 1400 UK CPI (YoY) (Jun)
• 2030 US Core PPI (MoM) (Jun)
• 2030 US PPI (MoM) (Jun)
• 2115 US Industrial Production (YoY) (Jun)
• 2230 US Crude Oil Inventories

17 Jul, Thu

• 0930 Australia Employment Change (Jun)
• 0930 Australia Full Employment Change (Jun)
• 1400 UK Unemployment Rate (May)
• 1400 UK Claimant Count Change (Jun)
• 1700 Europe CPI (YoY) (Jun)
• 2030 US Core Retail Sales (MoM) (Jun)
• 2030 US Retail Sales (MoM) (Jun)
• 2030 US Philadelphia Fed Manufacturing Index (Jul)
• 2030 US Initial Jobless Claims

18 Jul, Fri

• 0730 Japan CPI (YoY) (Jun)
• 2030 US Building Permits (Jun)
• 2030 US Housing Starts (Jun)
• 2200 US Michigan Consumer Sentiment (Jul)