The US market closed lower, except for the Dow, which closed higher.
The dollar index tested the 102.3 resistance level but failed to overcome it. It closed below the 200 MA on the weekly chart with an outside day.
While BDI and CDFI closed lower, CCFI closed higher, and Harpex remained unchanged.
Watch out for
- Preliminary Release of manufacturing and services PMI by multiple countries
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- None
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- Dow
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 are based on 50 Simple Moving Averages(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 52,533, 54,662, 56,792
Potential support around 50,403, 48,273, 46,144
S&P
Daily Neutral, Weekly UT
Daily Neutral, Weekly UT
Potential resistance around 7,693, 7,929
Potential support around 7,458, 7,222, 6,987
Nasdaq
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 29,378, 30,100, 30,82
Potential support around 28,655, 27,933, 27,210
Russell
Daily DT Weekly UT
Daily DT Weekly UT
Potential resistance around 2,821, 2,951, 3,081
Potential support around 2,691, 2,561, 2,430
Key event to watch out for (SG Time, GMT+8)
19 Oct, Mon
- Hong Kong on holiday
- 1000 China GDP (YoY) (Q3)
- 2030 Canada CPI (MoM) (Sep)
- 2030 Canada Core CPI (MoM) (Sep)
20 Oct, Tue
- 0915 China PBoC Loan Prime Rate
- 1400 Employment Change 3M/3M (MoM) (Aug)
- 1400 UK Unemployment Rate (Aug)
- 1700 Germany ZEW Economic Sentiment (Oct)
- 1700 Europe ZEW Economic Sentiment (Oct)
- 2015 US ADP Employment Change Weekly
- 2030 US Housing Starts (Sep)
- 2030 US Building Permits (Sep) ^P
21 Oct, Wed
- 1400 UK CPI (YoY) (Sep)
- 2230 US Crude Oil Inventories
22 Oct, Thu
- 2030 US Initial Jobless Claims
23 Oct, Fri
- 0730 Japan National CPI (MoM) (Sep)
- 0730 Japan National Core CPI (MoM) (Sep)
- 1530 Germany HCOB Manufacturing PMI (Oct) ^P
- 1530 Germany HCOB Services PMI (Oct) ^P
- 1600 Europe HCOB Manufacturing PMI (Oct) ^P
- 1600 Europe HCOB Services PMI (Oct) ^P
- 1630 UK S&P Global Services PMI (Oct) ^P
- 1630 UK S&P Global Manufacturing PMI (Oct) ^P
- 2030 Canada Retail Sales (MoM) (Aug)
- 2030 Canada Core Retail Sales (MoM) (Aug)
- 2145 US S&P Global Services PMI (Oct) ^P
- 2145 US S&P Global Manufacturing PMI (Oct) ^P
- 2200 US Michigan Consumer Sentiment (Oct)
^P: Preliminary Release
