US Market 15 Jan 2022

US market closed lower.
Russell closed around the consolidating support level.

BDI and CDFI closed lower while Harpex and CCFI closed higher.

The dollar index broke multiple support levels and recovered some losses.

Watch out for

• Inflation Rate, Interest Rate Decision from multiple countries
• China GDP

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 

• 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.

Dow

Daily UT, Weekly UT
Potential resistance around 37,625

Potential support around 35,495, 33,365, 31,236, 29,407, 29,106

S&P
Daily UT, Weekly UT

Potential resistance around 4,867, 5,103

Potential support around 4,632, 4,396, 4,161, 3,925, 3,690, 3,579

Nasdaq
Daily UT, Weekly UT

Potential resistance around 15,652, 16,374, 17,097, 17,819

Potential support around 14,930, 14,207, 13,485, 12,762, 12,410

Russell
Daily DT, Weekly UT
Potential resistance around 2,170, 2,300, 2,430, 2,561, 2,691

Potential support around 2,040, 1,910, 1,779, 1,743, 1,708

Key event to watch out for (SG Time, GMT+8)

17 Jan, Mon

• US Holiday
• 1000 China GDP (YoY) (Q4)
• 1000 China Industrial Production (YoY) (Dec)
• 1800 Europe CPI (YoY) (Dec)

18 Jan, Tue

• 1100 Japan BoJ Interest Rate Decision
• 1500 UK Average Earnings Index +Bonus (Nov)
• 1500 UK Claimant Count Change (Dec)
• 1800 German ZEW Economic Sentiment (Jan)

19 Jan, Wed

• 1500 UK CPI (YoY) (Dec)
• 2130 US Building Permits (Dec)
• 2130 Canada Core CPI (MoM) (Dec)
• 2215 UK BoE Gov Bailey Speaks 

20 Jan, Thu

• 0830 Australia Employment Change (Dec)
• 0930 China PBoC Loan Prime Rate
• 1800 Europe CPI (YoY) (Dec)
• 2030 Europe ECB Monetary Policy Meeting Accounts
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Jan)
• 2300 US Existing Home Sales (Dec)

21 Jan, Fri

• 0730 Japan Inflation Rate YoY (Dec)
• 1400 UK Retail Sales (MoM) (Dec)
• 2130 Canada Core Retail Sales (MoM) (Nov)
• 2130 Canada ADP Employment Change (Dec)