Indices Performance Chart - 09 Jul 16

Most markets closed lower except for US closed higher.

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

• S&P (1) (decreased for 1st week)

Neutral

• Nasdaq (decreased for 1st week)
• Russell (decreased for 1st week)

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 is based on 50 Simple Moving Average

US rallied on Fri with much better than expected NFP (non farm payroll), Actual 287K, Forecast 175K, previous 11K.  Unemployment rate edge 0.1% higher than forecast which market are not too concern but a different view in Forex market.  In weekly chart, it also broke lhf.  S&P maybe going to test last year historic high soon and whether can it hold above it? Dow may be the next going to test the high while Nasdaq and Russell still have more room to go before testing the high.

Dow
Daily Neutral, Weekly Neutral
Potential resistance around 18,189, 18,367, TLU4, TLU2
Potential support around TLD5, 17,829, 17,600, TLD3, TLD4, 17,271, 17,083

S&P
Daily UT, Weekly Neutral
Potential resistance around TLU4, 2,129, 2,137
Potential support around 2,116, 2,102, TLD3, 2,081, 2,061, 2,045, 2,028, 
TLD5, 1,996

Nasdaq
Daily Neutral, Weekly DT
Potential resistance around 4,537, 4,640, 4,682, 4,772, TLU1
Potential support around TLD3, 4,347, TLU2, 4,271, 4,193

Russell
Daily Neutral, Weekly DT
Potential resistance around TLU2, 1,185, 1,213, 1,240, 1,274
Potential support around 1,164, TLU5, 1,137, 1,114, TLD4, 1,082, 1,049

Key event to watch out  (SG Time)
11 Jul, Mon

• No important data

12 Jul, Tue

• 1700 GBP Inflation Report Hearings

13 Jul, Wed

• 1106 CNY Trade Balance (USD) (Jun) 
• 2030 USD Import Price Index
• 2200 CAD Interest Rate Decision 
• 2230 USD Crude Oil Inventories 
• 2300 CAD BoC Press Conference

14 Jul, Thu

• 0930 AUD Employment Change (Jun)   
• 1900 GBP Interest Rate Decision (Jul) 
• 2030 USD PPI (MoM) (Jun)
• 2030 CAD New Housing Price Index (MoM) (May) 

15 Jul, Fri

• 1000 CNY GDP (YoY) (Q2) 
• 1000 CNY Industrial Production (YoY) (Jun)
• 1700 EUR CPI (YoY) (Jun)    
• 2030 USD Core CPI (MoM) (Jun) 
• 2030 USD Retail Sales (MoM) (Jun)
• 2030 USD Core Retail Sales (MoM) (Jun)