US Markets 06 Jun 26

The US market broke the previous week's high and reversed to close lower. S&P, Nasdaq and Russell closed with an outside day on the weekly chart.

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

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

Watch out for

• Interest rate decision from Canada and Europe
• CPI data from China, the US and Germany

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 7,458, 7,693

Potential support around 7,222, 6,987, 6,751

Nasdaq
Daily UT, Weekly UT

Potential resistance around 29,378, 30,100, 30,822

Potential support around  28,655, 27,933, 27,210

Russell
Daily UT, Weekly UT

Potential resistance around  2,821, 2,951, 3,081

Potential support around 2,691, 2,561, 2,430

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

08 Jun, Mon

• Australia on holiday
• 0750 Japan GDP (QoQ) (Q1)

09 Jun, Tue

• 2015 US ADP Employment Change Weekly  
• 2200 US Existing Home Sales  (May)

10 Jun, Wed

• 0930 Australia Building Approvals (MoM) (Apr)
• 0930 China CPI (YoY) (May)
• 2030 US CPI (MoM) (May)
• 2030 US Core CPI (MoM) (May)
• 2145 Canada BoC Interest Rate Decision
• 2230 US Crude Oil Inventories

11 Jun, Thu

• 0100 US 10-Year Note Auction 
• 2015 Europe ECB Interest Rate Decision (Jun)
• 2015 Europe Deposit Facility Rate (Jun)
• 2030 US Initial Jobless Claims
• 2030 US PPI (MoM) (May)
• 2045 Europe ECB Press Conference  

12 Jun, Fri

• 1400 German CPI (MoM) (May)
• 1400 UK GDP (MoM) (Apr)
• 2200 US Michigan Consumer Sentiment (Jun) ^P

Note

• ^P: Preliminary Release