US Markets 08 Aug 26

The US market closed higher with the Dow, S&P, and Russell creating historic highs.

The dollar index broke and closed below the 99.8 support level.

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

Watch out for

• Australia Interest rate decision
• US CPI

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

UT 

• Russell

Neutral 

• None

DT 

• Nasdaq (1)

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT 

• Dow

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 7,929

Potential support around 7,693, 7,458, 7,222

Nasdaq
Daily DT, Weekly UT

Potential resistance around 30,100, 30,822, 31,545

Potential support around 229,378, 28,655, 7,933

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)

10 Aug, Mon

• No important data

11 Aug, Tue

• Japan on holiday
• 1230 Australia RBA Interest Rate Decision (Aug)
• 2015 US ADP Employment Change Weekly
• 2200 US Existing Home Sales (Jul)

12 Aug, Wed

• 1400 Germany CPI (MoM) (Jul)
• 2030 US CPI (MoM) (Jul)
• 2030 US Core CPI (MoM) (Jul)
• 2230 US Crude Oil Inventories

13 Aug, Thu

• 1400 UK GDP (YoY) (Q2) ^P
• 2030 US PPI (MoM) (Jul)
• 2030 US Initial Jobless Claims

14 Aug, Fri

• 1700 Europe GDP (YoY) (Q2) ^P
• 2030 US Core Retail Sales (MoM) (Jul)
• 2030 US Retail Sales (MoM) (Jul)
• 2200 US Michigan Consumer Sentiment  (Aug)

^P: Preliminary Release