US Markets 30 May 26

The US market hits a historic high.

While Harpex and CCFI continued to close higher, BDI and CDFI reversed to close higher.

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

Watch out for

• Speech by Fed Chair Powell
• US NFP
• Manufacturing and Services PMI from multiple countries

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)

UT 

• Nasdaq (1) 
• Russell

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 52,533

Potential support around 50,403, 48,273, 46,144

S&P
Daily UT, Weekly UT

Potential resistance around 7,693

Potential support around 7,458, 7,222, 6,987

Nasdaq
Daily UT, Weekly UT

Potential resistance around 30,822, 31,45

Potential support around 30,100, 29,378, 28,655

Russell
Daily UT, Weekly UT

Potential resistance around  2,951, 3,081

Potential support around 2,821, 2,691, 2,561

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

01 Jun, Mon

• New Zealand on holiday
• 0830 US Fed Chair Powell Speaks 
• 1400 UK Nationwide HPI (YoY) (May)
• 1500 Switzerland GDP (QoQ) (Q1)
• 1555 Germany HCOB Manufacturing PMI (May)
• 1600 Europe HCOB Manufacturing PMI (May)
• 1630 UK S&P Global Manufacturing PMI (May)
• 1700 Europe Unemployment Rate  (Apr)
• 2145 US S&P Global Manufacturing PMI (May)
• 2200 US ISM Manufacturing PMI (May)

02 Jun, Tue

• 0930 Australia Building Approvals (MoM) (Apr)
• 1700 Europe CPI (YoY) (May) ^P
• 1700 Europe Core CPI (YoY) (May) ^P
• 2200 US JOLTS Job Openings (Apr)

03 Jun, Wed

• 0930 Australia GDP (YoY) (Q1)
• 1555 Germany HCOB Services PMI (May)
• 1600 Europe HCOB Services PMI (May)
• 1630 UK S&P Global Services PMI (May)
• 2015 US ADP Nonfarm Employment Change (May)
• 2145 US S&P Global Services PMI (May)
• 2200 US ISM Non-Manufacturing PMI (May)
• 2230 US Crude Oil Inventories

04 Jun, Thu

• 2030 US Initial Jobless Claims

05 Jun, Fri

• 1700 Europe GDP (YoY) (Q1)
• 2030 US Nonfarm Payrolls (May)
• 2030 US Unemployment Rate (May)
• 2030 Canada Unemployment Rate (May)

Note

• ^P: Preliminary Release