US Markets 11 Jul 26

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

Harpex, BDI, CCFI and CDFI closed higher.

The dollar index closed higher with an inside day on the weekly chart.

Watch out for

• US CPI
• Fed Chair Warsh Testimony
• Canada Interest rate decision 

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

UT 

• Nasdaq
• 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 54,662

Potential support around 52,533, 50,403, 48,273

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 30,100, 30,822

Potential support around 29,378, 28,655, 27,933

Russell
Daily UT, Weekly UT

Potential resistance around  3,081

Potential support around 2,951, 2,821, 2,691

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

13 Jul, Mon

• No important data

14 Jul, Tue

• 2015 US ADP Employment Change Weekly  
• 2030 US CPI (MoM) (Jun)
• 2030 US Core CPI (MoM) (Jun)
• 2200 US Fed Chair Warsh Testimony

15 Jul, Wed

• 1000 China GDP (YoY) (Q2)
• 1000 China Industrial Production (YoY) (Jun)
• 1000 China Chinese Unemployment Rate (Jun)
• 2030 US PPI (MoM) (Jun)
• 2030 US NY Empire State Manufacturing Index (Jul)
• 2145 Canada BoC Interest Rate Decision  
• 2200 US Fed Chair Warsh Testimony
• 2230 US Crude Oil Inventories

16 Jul, Thu

• 1400 UK GDP (MoM) (May)
• 2030 US Retail Sales (MoM) (Jun)
• 2030 US Core Retail Sales (MoM) (Jun)
• 2030 US Philadelphia Fed Manufacturing Index (Jul)
• 2030 US Initial Jobless Claims

17 Jul, Fri

• 1700 Europe CPI (YoY) (Jun)
• 2030 US Building Permits (Jun) ^P
• 2200 US Michigan Consumer Sentiment (Jul) ^P

^P: Preliminary Release