Indices Performance Chart - 27 Aug 16

Markets closed mixed this week.  Most Europe and Asia closed with a positive note while the US closed lower.

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

• None (US markets buying interest dropped below 70)

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

After Fed Yellen speech "case for a rate hike has gained strength in recent months.". While Fischer told CNBC next week's jobs report would weigh on the Fed's rate hike decision. US markets closed with an outside day on the daily chart. Starting from Wed will have important data, US ADP Nonfarm Employment Change, China, Europe and US Manufacturing PMI.  Last but not least, Fri will have US NFP and unemployment Rate.

Dow
Daily UT, Weekly UT
Consolidating between 18,161 and 186,38
Potential resistance around 18,638, TLU4, TLU2, 19,440, TLU5, TLU6
Potential support around 18,367, 18,189, TLD5, 17,829, 17,600

S&P
Daily UT, Weekly UT
Directionless, forming outside day on 3 consecutive bar on the weekly chart.  Big movement may be coming.
Potential resistance around 2285
Potential support around 2178, 2,137, TLU4, 2,129, 2,116, 2,102

Nasdaq
Daily UT, Weekly UT
Continue rejection above 4,816
Potential resistance around 4,816 (Historic high @ Mar 2000), TLU1, 5,538
Potential support around 4,769, 4,722, 4,682, 4,640, 4,537, TLD3, TLU2, 4,347

Russell
Daily UT, Weekly UT
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

Key event to watch out  (SG Time)

29 Aug, Wed

• UK holiday
• No important data

30 Aug, Wed

• 2200 USD CB Consumer Confidence (Aug)

31 Aug, Wed

• 1555 EUR German Unemployment Change (Aug)
• 1700 EUR CPI (YoY) (Aug)
• 2015 ADP Nonfarm Employment Change (Aug) 
• 2030 CAD GDP (MoM) (Jun)
• 2200 USD Pending Home Sales (MoM) (Jul)
• 2230 USD Crude Oil Inventories 

01 Sep, Thu

• 0900 CNY Manufacturing PMI (Aug)
• 0930 AUD Retail Sales (MoM) (Jul) 
• 0945 CNY Caixin Manufacturing PMI (Aug)  
• 1555 EUR German Manufacturing PMI (Aug)  
• 1630 GBP Manufacturing PMI (Aug) 
• 2200 USD ISM Manufacturing PMI (Aug)   

02 Sep, Fri

• 1630 GBP Construction PMI (Aug) 
• 2030 USD Nonfarm Payrolls (Aug)   
• 2030 USD Unemployment Rate (Aug)