Indices Performance Chart - 06 Aug 16

After the announcement of better than expected NFP data, most markets closed higher

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

• S&P (increased for 2nd week)

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 is based on 50 Simple Moving Average

Correction for last week posting, Nasdaq yet to broke historic high @ the year 2000.
US markets recovered from earlier losses and closed higher.
New diff is created.  As COT buying interest continue to decrease except S&P,  I am more caution to go heavily on long.  This week, not much US economic data except on Fri, earning season also coming to an end.

Dow
Daily UT, Weekly UT
Potential resistance around 18,638, TLU4, TLU2, 19,440(4), TLU5, TLU6
Potential support around 18,367, 18,189, TLD5, 17,829, 17,600

S&P
Daily UT, Weekly UT
Potential resistance around 2285(4)
Potential support around 2178, 2,137, TLU4, 2,129, 2,116, 2,102

Nasdaq
Daily UT, Weekly UT
Potential resistance around 4,816 (Historic high @ Mar 2000), TLU1, 5,538(4)
Potential support around 4,772, 4,682, 4,640, 4,537, TLD3, TLU2, 4,347

Russell
Daily UT, Weekly UT
Outside day on weekly chart
Potential resistance around 1,240, 1,259(4), 1,274, 1,287, 1,296, TLU1
Potential support around 1,213, TLU5, TLU2, 1,185, 1,164, 1,137

(4) Refer to Potential resistance after historic high

Key event to watch out  (SG Time)
08 Aug, Mon

• Tentative CNY Trade Balance (USD) (Jul) 

09 Aug, Tue

• 0930 CNY CPI (YoY) (Jul)
• 1330 INR Interest Rate Decision 
• 1630 GBP Manufacturing Production (MoM) (Jun) 

10 Aug, Wed

• Tentative CNY New Yuan Loans CNY (JUL)
• 2230 USD Crude Oil Inventories 

11 Aug, Thu

• Japan Holiday
• 0500 NZD Interest Rate Decision
• 0500 NZD RBNZ Rate Statement    
• 0500 NZD RBNZ Gov Wheeler Speaks

12 Aug, Fri

• 1000 CNY Industrial Production (YoY) (Jul) 
• 1400 EUR German GDP (QoQ) (Q2)  
• 1700 EUR Europen GDP (YoY) (Q2)    
• 2030 USD Core Retail Sales (MoM) (Jul)
• 2030 USD PPI (MoM) (Jul)
• 2030 USD Retail Sales (MoM) (Jul)