Sunday, February 26, 2017

Indices Performance Chart - 25 Feb 17

Markets closed mixed.  US markets closed higher except for Russell.  Dollar Index tested resistance and failed to overcome.  BDI and Harpex continue going higher. The worst may be over for container shipping.  Most commodities closed lower.
US GDP data on Tue, President Trump will speak on Tue night (US Time).  Various countries will report Manufacturing PMI data this week.


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

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

UT
  • None
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 closed higher except for Russell.
Russell formed outside day on the weekly chart



Dow
Daily UT, Weekly UT
Potential resistance around TLU6, 21,451
Potential support around TLU5, TLU2, 19,968, TLU11, 19,440, TLU4, 18,669, 18,557, 18,367

S&P
Daily UT, Weekly UT
Potential resistance around TLU1,2,522
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 TLU5, TLU3, 5,538
Potential support around TLU4, TLU1, TLU7, 5,041, 4,960, 4,896, 4,816

Russell
Daily UT, Weekly UT
Potential resistance around TLU5, TLU3, 1,519
Potential support around 1,389, TLU1, 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213


Key event to watch out  (SG Time)

27 Feb, Mon
  • 2130 USD Core Durable Goods Orders (MoM) (Jan)
  • 2300 USD Pending Home Sales (MoM) (Jan)
28 Feb, Tue
  • 2130 USD GDP (QoQ) (Q4)
  • 2300 USD CB Consumer Confidence (Feb)   
01 Mar, Wed
  • USD U.S. President Trump Speaks
  • 0830 AUD GDP (QoQ) (Q4) 
  • 0900 CNY Manufacturing PMI (Feb) 
  • 0945 CNY Caixin Manufacturing PMI (Feb)
  • 1655 EUR German Manufacturing PMI (Feb)
  • 1700 EUR German Unemployment Change (Feb) 
  • 1730 GBP Manufacturing PMI (Feb)
  • 2300 USD ISM Manufacturing PMI (Feb)
  • 2300 USD Crude Oil Inventories 
  • 2300 CAD BoC Interest Rate Decision    
02 Mar, Thu
  • 1730 GBP Construction PMI (Feb)  
  • 1800 EUR CPI (YoY) (Feb) 
  • 2130 CAD GDP (MoM) (Dec) 
03 Mar, Fri
  • 1730 GBP Services PMI (Feb)
  • 2300 USD ISM Non-Manufacturing PMI (Feb) 
04 Mar, Sat
  • 0200 USD Fed's Yellen Speech 

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