Indices Performance Chart - 13 Aug 16

Most markets continue to close higher despite worse than expected retail sales and PPI data.

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

UT

• S&P (decreased for 1st 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

US markets continue to edge higher.  Russell closed with -roc on weekly chart while s&p formed 2 consecutive outside day on the weekly chart.  Nasdaq still trying to test historic high. I will continue to be caution.

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)

15 Aug, Mon

• India Holiday
• 0750 JPY GDP (QoQ) (Q2)

16 Aug, Tue

• 0930 AUD RBA Meeting Minutes
• 1630 GBP CPI (YoY) (Jul)
• Tentative GBP Inflation Report Hearings
• 1700 EUR German ZEW Economic Sentiment (Aug)
• 2030 USD Building Permits (Jul)  
• 2030 USD Core CPI (MoM) (Jul)    

17 Aug, Wed

• 0645 NZD Employment Change (QoQ) (Q2)
• 1630 GBP Average Earnings Index +Bonus (Jun)
• 1630 GBP Claimant Count Change (Jul) 
• 2230 USD Crude Oil Inventories 

18 Aug, Thu

• 0200 USD FOMC Meeting Minutes  
• 0930 AUD Employment Change (Jul) 
• 1630 GBP Retail Sales (MoM) (Jul) 
• 1700 EUR CPI (YoY) (Jul)
• 1930 EUR ECB Publishes Account of Monetary Policy Meeting
• 2030 USD Philadelphia Fed Manufacturing Index (Aug)  

19 Aug, Fri

• 2030 CAD Core CPI (MoM) (Jul)
• 2030 CAD Core Retail Sales (MoM) (Jun)