US Markets 06 Sep 25

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

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

The dollar index remained directionless. It closed the same as the previous week.

Watch out for

• CPI data from multiple countries
• Interest Rate Decision by Europe

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, 6,751

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)

08 Sep, Mon

• 0750 Japan GDP (QoQ) (Q2)
• 0930 Australia Building Approvals (MoM) (Jul)
• 1100 China Exports (YoY) (Aug)
• 1100 China Imports (YoY) (Aug)

09 Sep, Tue

• No important data

10 Sep, Wed

• 0930 China CPI (MoM) (Aug)
• 2030 US PPI (MoM) (Aug)
• 2230 US Crude Oil Inventories

11 Sep, Thu

• 0100 US 10-Year Note Auction
• 2015 Europe Deposit Facility Rate (Sep)
• 2015 Europe ECB Interest Rate Decision (Sep)
• 2030 US Core CPI (MoM) (Aug)
• 2030 US CPI (MoM) (Aug)
• 2030 US Initial Jobless Claims
• 2045 Europe ECB Press Conference  

12 Sep, Fri

• 0100 US 30-Year Bond Auction
• 1230 Japan Industrial Production (MoM) (Jul)
• 1400 UK GDP (MoM) (Jul)
• 1400 Germany CPI (MoM) (Aug)
• 2200 US Michigan Consumer Sentiment (Sep)