US Markets 08 Dec 18

On the weekly chart, US markets broke lhf but failed to hold, slumped down and closed lower.

BDI and Harpex closed higher.

• BDI continues to close higher to 1372 (07 Dec) from 1231 (30 Nov)
• Harpex closed higher at 502.16 (30 Nov) from 499.18 (23 Nov)

Dollar index consolidating.

COT data are delayed for few days.

Dow

Daily DT, Weekly UT
Potential resistance around 24,841, 25,326, 25,645, 25,784, 26,627, TLU11, 26,976, 29,106

Potential support around 24,170, 23,567, 23,435, TLU6, 23,175, 22,776, 22,121

S&P
Daily DT, Weekly UT

Potential resistance around 2,710, 2,747, 2,786, 2,814, 2,825, 2,874, 2,940, 2,983, 3,219

Potential support around 2,593 2,551, 2,506, 2,480, 2,450, 2,406, 2,392, 2,366

Nasdaq
Daily DT, Weekly UT

Potential resistance around 6,982, 7,134, 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 6,516, TLU3, TLU4, 6,346, TLU4, 6,261, 6,061, 5,950

Russell
Daily DT, Weekly UT
Potential resistance around 1,451, 1,508, 1,519, 1,543, 1,585, 1,609, 1,624, 1,683, 1,708, 1,743

Potential support around 1,420, 1,388 TLU3, 1,341, 1,296

Key event to watch out  (SG Time)

10 Dec, Mon

• 0750 Japan GDP (QoQ) (Q3) 
• 1730 UK GDP (MoM)
• 1730 UK Manufacturing Production (MoM) (Oct) 
• 1730 UK Monthly GDP 3M/3M Change    
• 2300 US JOLTs Job Openings (Oct)

11 Dec, Tue

• 1730 UK Average Earnings Index +Bonus (Oct)
• 1730 UK Claimant Count Change (Nov) 
• 1800 German ZEW Economic Sentiment (Dec)   
• 2130 US PPI (MoM) (Nov) 

12 Dec, Wed

• UK Parliament vote on Brexit deal  
• 2300 US Fed Chair Powell Testifies
• 2330 US Crude Oil Inventories

13 Dec, Thu

• 1630 Switzerland SNB Interest Rate Decision  
• 1630 Switzerland SNB Monetary Policy Assessment   
• 1700 Switzerland SNB Press Conference
• 2045 Europe Deposit Facility Rate 
• 2045 Europe ECB Marginal Lending Facility    
• 2045 Europe ECB Interest Rate Decision (Dec)
• 2130 Europe ECB Press Conference   

14 Dec, Fri

0750 Japan Tankan Large Manufacturers Index (Q4)
1000 China Industrial Production (YoY) (Nov)
1630 German Manufacturing PMI (Dec)
2130 US Core Retail Sales (MoM) (Nov) 
2130 US Retail Sales (MoM) (Nov)