US Markets 26 Jul 25

The US market closed higher. While the Dow, S&P and Nasdaq closed at historic highs, the Russell is consolidating.

While BDI, Harpex and CDFI closed higher, CCFI closed lower.

The dollar index reversed, broke the higher-low formation and closed lower in the weekly chart.

Watch out for

• GDP, Manufacturing PMI and CPI from multiple countries
• Interest Rate decisions by Canada, the US and Japan
• US NFP

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

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)

28 Jul, Mon

• No important data

29 Jul, Tue

• 2200 US CB Consumer Confidence (Jul)
• 2200 US JOLTS Job Openings (Jun)

30 Jul, Wed

• 0930 Australia CPI (YoY) (Q2)
• 0930 Australia CPI (QoQ) (Q2)
• 1600 Germany GDP (QoQ) (Q2)
• 1700 Europe GDP (QoQ) (Q2)
• 2015 US ADP Nonfarm Employment Change (Jul)
• 2030 US GDP (QoQ) (Q2)  
• 2145 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories

31 Jul, Thu

• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Press Conference
• 0930 Australia Building Approvals (MoM) (Jun)
• 0930 Australia Retail Sales (MoM) (Jun)
• 0930 China Manufacturing PMI (Jul)
• 0930 China Non-Manufacturing PMI (Jul)
• 1100 Japan BoJ Interest Rate Decision
• 1430 Japan BoJ Press Conference  
• 1555 Germany Unemployment Rate (Jul)
• 2000 Germany CPI (MoM) (Jul)  
• 2030 US Core PCE Price Index (YoY) (Jun)
• 2030 US Core PCE Price Index (MoM) (Jun)
• 2030 US PCE Price Index (YoY) (Jun)
• 2030 US PCE Price Index (MoM) (Jun)
• 2030 US Initial Jobless Claims
• 2030 Canada GDP (MoM) (May)

2145 US Chicago PMI (Jul)

01 Aug, Fri

• Switzerland on holiday
• 0930 Australia PPI (QoQ) (Q2)
• 0930 Australia PPI (YoY) (Q2)
• 0945 China Caixin Manufacturing PMI (MoM) (Jul)
• 1555 Germany HCOB Manufacturing PMI (Jul)
• 1600 Europe HCOB Manufacturing PMI (Jul)
• 1700 Europe CPI (YoY) (Jul)  
• 2030 US Nonfarm Payrolls (Jul)
• 2030 US Unemployment Rate (Jul)
• 2145 US S&P Global Manufacturing PMI (Jul)
• 2200 US ISM Manufacturing PMI (Jul)
• 2200 US Michigan Consumer Sentiment (Jul)