US Markets 07 Feb 26

The US market closed mixed. While the Dow and Russell closed higher, the S&P and Nasdaq closed lower. The Dow closed at a historic high.

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

The dollar index broke the previous week's high and closed higher.

Watch out for

• US NFP
• US and China CPI

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 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 Neutral, Weekly UT

Potential resistance around 25,043, 25,766, 26,488

Potential support around 24,321, 23,598, 22,876

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)

09 Feb, Mon

• No important data

10 Feb, Tue

• 2130 US Retail Sales (MoM) (Dec)
• 2130 US Core Retail Sales (MoM) (Dec)

11 Feb, Wed

• Japan on holiday
• 0930 China CPI (MoM) (Jan)
• 0930 China PPI (YoY) (Jan)
• 2130 US Nonfarm Payrolls (Jan)
• 2130 US Unemployment Rate (Jan)
• 2130 Canada Building Permits (MoM) (Dec)
• 2330 US Crude Oil Inventories

12 Feb, Thu

• 0200 US 10-Year Note Auction
• 1500 UK GDP (YoY) (Q4)
• 1500 UK GDP (MoM) (Dec)
• 1500 UK GDP (QoQ) (Q4)
• 2130 US Initial Jobless Claims
• 2300 US Existing Home Sales  (Jan)

13 Feb, Fri

• 0201 US 30-Year Bond Auction 
• 1800 Europe GDP (YoY) (Q4)
• 1800 Europe GDP (QoQ) (Q4)
• 2130 US CPI (MoM) (Jan)
• 2130 US Core CPI (MoM) (Jan)