US Markets 05 Sep 26

The US market closed higher, except for the Dow, which closed lower. Russell's daily trend turned neutral.

The dollar index tested the 99.8 resistance level, reversed and closed lower.

BDI, Harpex, CCFI, and CDFI closed higher.

Watch out for

• Europe Interest Rate Decision
• China and US CPI

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

UT 

• None

Neutral 

• Russell

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, 56,792

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 Neutral, Weekly UT

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

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

Russell
Daily Neutral Weekly UT

Potential resistance around 3,081, 3,212

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

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

07 Sep, Mon

• Canada and US on holiday
• 1700 Europe GDP (QoQ) (Q2)

08 Sep, Tue

• 0750 Japan GDP (QoQ) (Q2)
• 2015 US ADP Employment Change Weekly

09 Sep, Wed

• 0930 China CPI (YoY) (Aug)
• 0930 China PPI (YoY) (Aug)

10 Sep, Thu

• 0100 US 10-Year Note Auction  
• 1400 Germany CPI (MoM) (Aug)
• 2015 Europe Deposit Facility Rate (Sep)
• 2015 Europe ECB Interest Rate Decision (Sep)
• 2030 US PPI (MoM) (Aug)
• 2030 US Initial Jobless Claims
• 2045 Europe ECB Press Conference  
• 2200 US Existing Home Sales (Aug)

11 Sep, Fri

• 0000 US Crude Oil Inventories
• 0101 US 30-Year Bond Auction 
• 1400 UK GDP (MoM) (Jul)
• 2030 US CPI (MoM) (Aug)
• 2030 US Core CPI (MoM) (Aug)
• 2200 US Michigan Consumer Sentiment (Sep) ^P

^P: Preliminary Release 

Commodities Update 05 Sep 26

BDI continued to close higher, from 3,186 (28 Aug) to 3,628 (04 Sep)

Harpex closed higher, from 2,413 (28 Aug) to 2,443 (04 Sep)

CDFI closed higher, from 1,643.41 (28 Aug) to 1,777.66 (04 Sep)

CCFI continued to close higher, from 1,833.99 (28 Aug) to 1,837.01 (04 Sep)

COT     

Download Commodities COT

Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend

• Lumber (1)

Neutral

• None

Up Trend

• Silver
• Platinum
• Coffee

Instruments that show selling interest at extremes (2) only by Producer/Merchant/Processor/User
Up Trend

• Cotton
• Wheat
• Sugar
• Soybeans
• Soybean Meal
• Corn

Neutral

• None

Down Trend

• 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 a trend reversal

Dollar Index closed lower

The dollar index tested the 99.8 resistance level, reversed and closed lower.
Resistance at 99.8, 100.3, 102.3
Support at  98.7, 97.3, 96.3

COT for Dollar Index

Weekly chart with 50 SMA