US Markets 23 Aug 25

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

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

The dollar index remained directionless. It closed lower while consolidating.

Watch out for

• US GDP

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, 24,321

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

Russell
Daily UT, Weekly UT
Potential resistance around 2,430, 2,561

Potential support around 2,300, 2,170, 2,040, 1,910, 

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

25 Aug, Mon

• 0645 New Zealand Retail Sales (QoQ)
• 1600 Germany Ifo Business Climate Index (Aug)
• 2000 US Building Permits (Jul)
• 2200 US New Home Sales (Jul)

26 Aug, Tue

• 0930 Australia RBA Meeting Minutes
• 1300 Japan BoJ Core CPI (YoY)
• 2030 US Durable Goods Orders (MoM) (Jul) 
• 2200 US CB Consumer Confidence (Aug)

27 Aug, Wed

• 2230 US Crude Oil Inventories

28 Aug, Thu

• 2030 US GDP (QoQ) (Q2)  
• 2030 US Initial Jobless Claims

29 Aug, Fri

• 0730 Japan Tokyo Core CPI (YoY) (Aug)
• 2000 Germany CPI (MoM) (Aug)  
• 2030 US Core PCE Price Index (MoM) (Jul)
• 2030 Canada GDP (YoY) (Q2)
• 2145 US Chicago PMI (Aug)
• 2200 US Michigan Consumer Expectations (Aug)