US Markets 10 Jan 26

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

The dollar index broke through the previous week's high and the 98.7 resistance level, closing higher.

Watch out for

• US CPI and Retail Sales data

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 50,403

Potential support around 48,273, 46,144, 44,014

S&P
Daily UT, Weekly UT

Potential resistance around 6,987, 7,222

Potential support around 6,751, 6,516, 6,280, 6,045

Nasdaq
Daily UT, Weekly UT

Potential resistance around 25,766, 26,488

Potential support around 25,043, 24,321, 23,598

Russell
Daily UT, Weekly UT
Potential resistance around 2,691

Potential support around 2,561, 2,430, 2,300

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

12 Jan, Mon

• No important data

13 Jan, Tue

• 0200 US 10-Year Note Auction
• 2130 US Core CPI (MoM) (Dec)
• 2130 US CPI (MoM) (Dec)
• 2130 Canada Building Permits (MoM) (Nov)
• 2300 US New Home Sales (Oct)

14 Jan, Wed

• 0200 US 30-Year Bond Auction
• 2130 US Core PPI (MoM) (Nov)
• 2130 US PPI (MoM) (Nov)
• 2130 US Core Retail Sales (MoM) (Nov)
• 2130 US Retail Sales (MoM) (Nov)
• 2300 US Existing Home Sales (Dec)
• 2330 US Crude Oil Inventories

15 Jan, Thu

• 1500 UK GDP (MoM) (Nov)
• 2130 US Initial Jobless Claims
• 2130 US NY Empire State Manufacturing Index (Jan)
• 2130 US Philadelphia Fed Manufacturing Index (Jan)
• 2145 US S&P Global Manufacturing PMI (Jan)   

16 Jan, Fri

• 1500 Germany CPI (MoM) (Dec)

Commodities Update 10 Jan 26

BDI closed at 1,688 (09 Jan)

Harpex closed at 2,182 (09 Jan)

CDFI closed at 964.34 (09 Jan)

CCFI closed at 1,194.89 (09 Jan)

COT     

Download Commodities COT

Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend

• Soybean Oil
• Cocoa
• Rough Rice (1)
• Crude
• Lumber (1)

Neutral

• Sugar
• Cotton

Up Trend

• Soybean Meal
• Orange Juice
• Platinum (1)
• Silver

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend

• Palladium

Neutral

• None

Down Trend

• 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 a trend reversal

Dollar Index closed higher

The dollar index broke through the previous week's high and the 98.7 resistance level, closing higher.
Resistance at 99.8, 100.3
Support at 98.7, 97.3, 96.3

COT for Dollar Index

Weekly chart with 50 SMA