US Markets 30 Aug 25

The US market closed lower, except for the Russell, which closed higher.

While BDI and CCFI reversed to close higher, there was no change in Harpex, and CCFI closed lower..

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

Watch out for

• Manufacturing PMI and Services PMI data from various countries
• 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 

• 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, 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)

01 Sep, Mon

• US and Canada are on holiday
• 0930 Australia Building Approvals (MoM) (Jul)
• 0945 China Caixin Manufacturing PMI (MoM) (Aug)
• 1400 UK Nationwide HPI (MoM) (Aug)
• 1555 Germany HCOB Manufacturing PMI (Aug)
• 1600 Europe HCOB Manufacturing PMI (Aug)
• 1630 UK S&P Global Manufacturing PMI (Aug)
• 1700 Europe Unemployment Rate (Jul)

02 Sep, Tue

• 1700 Europe Core CPI (YoY) (Aug)
• 1700 Europe CPI (YoY) (Aug)
• 2145 US S&P Global Manufacturing PMI (Aug)
• 2200 US ISM Manufacturing PMI (Aug)

03 Sep, Wed

• 0930 Australia GDP (QoQ) (Q2)
• 0945 China Caixin Services PMI (Aug)
• 1555 Germany HCOB Services PMI (Aug)
• 1600 Europe HCOB Services PMI (Aug)
• 1630 UK S&P Global Services PMI (Aug)
• 2200 US JOLTS Job Openings (Jul)

04 Sep, Thu

• 2015 US ADP Nonfarm Employment Change (Aug)
• 2030 US Initial Jobless Claims
• 2145 US S&P Global Services PMI (Aug)
• 2200 US ISM Non-Manufacturing PMI (Aug)

05 Sep, Fri

• 0000 US Crude Oil Inventories
• 1400 UK Core Retail Sales (MoM) (Jul)
• 1400 UK Retail Sales (MoM) (Jul)
• 1700 Europe GDP (QoQ) (Q2)
• 2030 US Nonfarm Payrolls (Aug)
• 2030 US Unemployment Rate (Aug)
• 2030 Canada Employment Change (Aug)
• 2030 Canada Unemployment Rate (Aug)
• 2200 Canada Ivey PMI (Aug)