US Markets 09 Aug 25

The US market closed higher. The Dow, S&P and Nasdaq closed with an inside day on the weekly chart.

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

The dollar index is directionless; closed lower with an inside day on the weekly chart.

Watch out for

• Interest Rate Decision by Australia
• US CPI
• GDP data from multiple countries

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

UT 

• Russell

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 24,321

Potential support around 23,598, 22,876,22,154, 21,431

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)

11 Aug, Mon

• Japan on holiday
• No important data

12 Aug, Tue

• 1230 Australia RBA Interest Rate Decision (Aug)
• 1400 UK Unemployment Rate (Jun)
• 1400 UK Employment Change (Jul)
• 1700 Germany ZEW Economic Sentiment (Aug)
• 2030 US Core CPI (MoM) (Jul)
• 2030 US CPI (MoM) (Jul)
• 2030 Canada Building Permits (MoM) (Jun)

13 Aug, Wed

• 1400 Germany CPI (MoM) (Jul)
• 2230 US Crude Oil Inventories

14 Aug, Thu

• 0930 Australia Employment Change (Jul)
• 0930 Australia Unemployment Rate (Jul)
• 1400 UK GDP (QoQ) (Q2)  
• 1700 Europe GDP (QoQ) (Q2)
• 2030 US Core PPI (MoM) (Jul)
• 2030 US PPI (MoM) (Jul)
• 2030 US Initial Jobless Claims

15 Aug, Fri

• 0750 Japan GDP (QoQ) (Q2) 
• 1000 China Industrial Production (YoY) (Jul)
• 1000 China Unemployment Rate (Jul)
• 2030 US Core Retail Sales (MoM) (Jul)
• 2030 US Retail Sales (MoM) (Jul)
• 2200 US Michigan Consumer Sentiment (Aug)