Sunday, February 5, 2017

Indices Performance Chart - 04 Feb 17

US and Europe markets closed higher while most Asia closed lower.  US markets had broke lhf on Fri and rallied but on the weekly chart is an inside day.
Dollar Index tested trend channel support and closed with an outside day on the weekly chart.  BDI continue to slide while Harpex recovering.  Not much important US data for the coming week.


Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
  • None
Neutral
  • None
DT
  • None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT
  • Russell
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 


In daily chart, US markets broke lhf on Fri and rallied.  On the weekly chart is an inside day.



Dow
Daily UT, Weekly UT
Potential resistance around TLU5, TLU6, 21,451
Potential support around TLU2, TLU11, 19,440, TLU4, 18,669, 18,557, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around 2,522
Potential support around TLU5, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU4, TLU5, TLU3, 5,538
Potential support around TLU1, TLU7, 5,041, 4,960, 4,896, 4,816

Russell
Daily UT, Weekly UT
Potential resistance around TLU1, TLU5, 1389, TLU3, 1519
Potential support around 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213


Key event to watch out  (SG Time)

06 Feb, Mon
  • 0830 AUD Retail Sales (MoM) (Dec) 
07 Feb, Tue
  • 1130 AUD RBA Interest Rate Decision (Jan)
  • 1130 AUD RBA Rate Statement
  • 2300 USD JOLTs Job Openings (Dec)
  • 2300 CAD Ivey PMI (Jan)
08 Feb, Wed
  • 2330 USD Crude Oil Inventories 
09 Feb, Thu
  • 0400 NZD RBNZ Interest Rate Decision
10 Feb, Fri
  • 1730 GBP Manufacturing Production (MoM) (Dec) 
  • 2130 CAD Employment Change (Jan)
  • 2300 USD Michigan Consumer Sentiment (Feb)

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