US Markets 19 Jul 25

The US market closed higher, except for the Dow, which closed lower. The S&P and Nasdaq closed at historic highs.

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

The dollar index continued to close higher.

Watch out for

• Speech by Fed Chair Powell
• Manufacturing and services PMI from multiple countries
• Europe Interest Rate decision 

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 6,516

Potential support around 6,280, 6,045, 5,809, 5,574

Nasdaq
Daily UT, Weekly UT

Potential resistance around  23,598

Potential support around 22,876, 22,154, 21,431, 20,709

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)

21 Jul, Mon

• Japan on holiday
• 0900 China PBoC Loan Prime Rate

22 Jul, Tue

• 0930 Australia RBA Meeting Minutes
• 2130 US Fed Chair Powell Speaks 

23 Jul, Wed

• 2200 US Existing Home Sales (Jun)
• 2230 US Crude Oil Inventories

24 Jul, Thu

• 1530 Germany HCOB Manufacturing PMI (Jul)  
• 1530 Germany HCOB Services PMI (Jul)  
• 1600 Europe HCOB Manufacturing PMI (Jul)  
• 1600 Europe HCOB Services PMI (Jul)  
• 1630 UK S&P Global Manufacturing PMI (Jul)
• 1630 UK S&P Global Services PMI (Jul)   
• 2015 Europe ECB Interest Rate Decision (Jul)
• 2030 US Initial Jobless Claims
• 2030 Canada Core Retail Sales (MoM) (May)
• 2030 Canada Retail Sales (MoM) (May)
• 2045 Europe ECB Press Conference  
• 2145 US S&P Global Manufacturing PMI (Jul)
• 2145 US S&P Global Services PMI (Jul)
• 2200 US New Home Sales (Jun)

25 Jul, Fri

• 0730 Japan Tokyo Core CPI (YoY) (Jul)
• 1400 UK Core Retail Sales (MoM) (Jun)
• 1400 UK Retail Sales (MoM) (Jun)
• 1630 Germany Business Expectations (Jul)
• 1630 Germany Ifo Business Climate Index (Jul)
• 2030 US Core Durable Goods Orders (MoM) (Jun)
• 2030 US Durable Goods Orders (MoM) (Jun)