US Markets 14 Feb 26

The US market closed lower while consolidating.

While BDI, Harpex and CDFI closed higher, CCFI  closed lower.

The dollar index broke the previous week's low and closed lower.

Watch out for

• China's long holiday and Hong Kong's short trading week
• US FOMC Meeting Minutes
• US GDP

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 DT, 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)

16 Feb, Mon

• Canada, China and the US are on holiday
• 0750 Japan GDP (QoQ) (Q4)

17 Feb, Tue

• China and Hong Kong on holiday
• 1500 Germany CPI (MoM) (Jan)
• 1500 UK Unemployment Rate (Dec)
• 1800 Europe ZEW Economic Sentiment (Feb)
• 1800 Germany ZEW Economic Sentiment (Feb)
• 2130 Canada Core CPI (MoM) (Jan)
• 2130 Canada CPI (MoM) (Jan)
• 2130 US NY Empire State Manufacturing Index (Feb)

18 Feb, Wed

• China and Hong Kong on holiday
• 0900 New Zealand RBNZ Interest Rate Decision
• 1500 UK CPI (YoY) (Jan)
• 2100 US Durable Goods Orders (MoM) (Dec)
• 2100 US Core Durable Goods Orders (MoM) (Dec)

19 Feb, Thu

• China and Hong Kong on holiday
• 0300 US FOMC Meeting Minutes
• 0830 Australia Unemployment Rate (Jan)
• 2130 US Philadelphia Fed Manufacturing Index (Feb)
• 2130 US Initial Jobless Claims

20 Feb, Fri

• China on holiday
• 0100 US Crude Oil Inventories
• 0730 Japan National CPI (MoM) (Jan)
• 0830 Japan S&P Global Services PMI (Feb)
• 0900 China Loan Prime Rate 5Y (Feb)
• 1500 UK Retail Sales (YoY) (Jan)
• 1500 UK Core Retail Sales (YoY) (Jan)
• 2130 US Core PCE Prices (Q4)
• 2130 US GDP (QoQ) (Q4)
• 2130 Canada Core Retail Sales (MoM) (Dec)
• 2130 Canada Retail Sales (MoM) (Dec)
• 2300 US New Home Sales (Dec)
• 2300 US Michigan Consumer Expectations (Feb)