US Markets - 28 Oct 17

Due to service provider had migrated to a new platform, they had removed of the features that on the old platform.  I have checked with them and they have no intention to have those features anymore, thus these charts are omitted from this week onward.

Dow, S&P and Nasdaq create a new historic high.  Russell continues to be resisted.  

BDI and Harpex pull back.

Dollar Index tested 95.0 resistance level and closed with a shooting star.

Various countries will report their Manufacturing PMI.  Most important will be on Thu, 2 Nov at 0200 Hrs Fed Interest Rate Decision and FOMC Statement.

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

• Dow
• 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

Dow

Daily UT, Weekly UT
Potential resistance around 23,435, 24,847

Potential support around 22,777, 22,717, TLU11, 22,409, 22,121,TLU6,  22,027

S&P
Daily UT, Weekly UT

Potential resistance around 2,748

Potential support around 2,576, TLU1, 2,512, 2,506, 2,480

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,261, 6,983

Potential support around 6,118, 6,061, 6,003, 5,952, TLU3, 5,890

Russell
Daily UT, Weekly UT
Potential resistance around 1,519, 1,649
Potential support around 1,483, TLU1, 1,448, 1,419, 1,399, 1,389

Key event to watch out  (SG Time)

30 Oct, Mon

• 2030 USD US Core Personal Consumption Expenditure - Price Index (YoY)

31 Oct, Tue

• Germany holiday
• 0900 CNY Manufacturing PMI (Oct)
• 1100 JPY Japan BoJ Outlook Report (YoY)
• 1150 JPY Japan BoJ Monetary Policy Statement (YoY) 
• 1430 JPY Japan BoJ Press Conference
• 1800 EUR Europe CPI (YoY) (Oct)  
• 1800 EUR Europe GDP (YoY)
• 2030 CAD Canada GDP (MoM) (Aug)
• 2200 USD US CB Consumer Confidence (Oct) 

01 Nov, Wed

• 0545 NZD New Zealand Employment Change (QoQ) (Q3) 
• 0945 CNY China Caixin Manufacturing PMI (Oct)
• 1730 GBP UK Manufacturing PMI (Oct)
• 2015 USD US ADP Nonfarm Employment Change (Oct)  
• 2030 GBP UK BOE's Governor Carney speech
• 2200 USD US ISM Manufacturing PMI (Oct)  
• 2230 USD US Crude Oil Inventories 

02 Nov, Thu

• 0200 USD FOMC Statement
• 0200 USD Fed Interest Rate Decision  
• 0830 AUD Australia Trade Balance
• 1655 EUR German Manufacturing PMI (Oct)   
• 1655 EUR German Unemployment Change (Oct) 
• 1730 GBP UK Construction PMI (Oct) 
• 2000 GBP UK BoE Interest Rate Decision (Oct)   
• 2000 GBP UK BoE MPC Meeting Minutes   
• 2030 GBP UK BoE Gov Carney Speaks    

03 Nov, Fri

• Japan holiday
• 0830 AUD Australia Retail Sales (MoM) (Sep) 
• 2030 USD Nonfarm Payrolls (Oct) 
• 2030 USD US Unemployment Rate (Oct) 
• 2030 CAD Canada Employment Change (Oct) 
• 2300 USD US ISM Non-Manufacturing PMI