US Markets 17 Jan 26

The US market closed lower, except the Russell continued at a historic high.

While the BDI and CDFI closed lower, CCFI closed higher, and Harpex remained unchanged.

The dollar index continued to close higher.

Watch out for

• China GDP
• CPI, Manufacturing and Services PMI data from multiple countries
• Speech by U.S. President Trump

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, 2,821

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

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

19 Jan, Mon

• US on holiday
• 1000 China GDP (YoY) (Q4)
• 1000 China Industrial Production (YoY) (Dec)
• 1000 China NBS Press Conference 
• 1800 Europe CPI (YoY) (Dec) 
• 2130 Canada CPI (YoY) (Dec) 

20 Jan, Tue

• 0915 China PBoC Loan Prime Rate 
• 1500 Germany PPI (MoM) (Dec)
• 1500 UK Unemployment Rate  (Nov)
• 1500 UK Claimant Count Change  (Dec)
• 1800 Germany ZEW Economic Sentiment (Jan)
• 1800 Europe ZEW Economic Sentiment (Jan)

21 Jan, Wed

• 1500 UK CPI (YoY) (Dec)
• 2130 US U.S. President Trump Speaks

22 Jan, Thu

• 0830 Australia Unemployment Rate  (Dec)
• 2130 US GDP (QoQ) (Q3)
• 2130 US Initial Jobless Claims
• 2300 US Core PCE Price Index (YoY) (Nov)

23 Jan, Fri

• 0100 US Crude Oil Inventories
• 0730 Japan National Core CPI (YoY) (Dec)
• 1100 Japan BoJ Interest Rate Decision  
• 1500 UK Retail Sales (YoY) (Dec)
• 1500 UK Core Retail Sales (YoY) (Dec)
• 1630 Germany HCOB Manufacturing PMI (Jan)
• 1630 Germany HCOB Services PMI (Jan)
• 1700 Europe HCOB Manufacturing PMI (Jan)
• 1700 Europe HCOB Services PMI (Jan)
• 1730 UK S&P Global Manufacturing PMI (Jan)
• 1730 UK S&P Global Services PMI (Jan)
• 2130 Canada Core Retail Sales (MoM) (Nov)
• 2130 Canada Retail Sales (MoM) (Nov)
• 2245 US S&P Global Manufacturing PMI  (Jan)
• 2245 US S&P Global Services PMI  (Jan)
• 2300 US Michigan Consumer Sentiment (Jan)