US Markets 03 Nov 18

US markets broke pwl (previous week low) and recovered to close with a +roc.  On the weekly chart, Russell and Dow broke lhf.

BDI and Harpex continue to slide down.

Dollar Index tested the resistance for the second week.

Watch out from Fri at 0200 Hrs, FOMC Statement and US interest rate decision.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT 

• None

Neutral 

• None

DT 

• Nasdaq

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 DT, Weekly UT
Potential resistance around  25,336, 25,649, 25,784, 26,627, TLU11, 26,976, 29,106

Potential support around 24,841, 24,170, 23,567, 23,435, TLU6, 23,175, 22,776, 22,121

S&P
Daily DT, Weekly UT

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

Potential support around 2,710, 2,593 2,551, 2,506, 2,480, 2,450, 2,406, 2,392, 2,366

Nasdaq
Daily DT, Weekly UT

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

Potential support around 6,982, 6,857, TLU3, 6,346, TLU4, 6,261

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

Potential support around 1,519, 1,508, 1,494, 1,451, 1,420, 1,388 TLU3, 1,341, 1,296

Key event to watch out  (SG Time)

05 Nov, Mon

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 0900 Japan Bank of Japan Governor Kuroda Speech
• 1730 UK Services PMI (Oct)
• 2110 CAnada BoC Governor Poloz Speech 
• 2300 US ISM Non-Manufacturing PMI (Oct)

06 Nov, Tue

• 1130 Australia RBA Interest Rate Decision (Nov) 
• 1130 Australia RBA Rate Statement  
• 2300 US JOLTs Job Openings (Sep)  

07 Nov, Wed

• 2300 Canada Ivey PMI (Oct)
• 2330 US Crude Oil Inventories

09 Nov, Thu

• 0400 New Zealand RBNZ Interest Rate Decision    
• 0400 New Zealand RBNZ Rate Statement   
• 0500 New Zealand RBNZ Press Conference   

10 Nov, Fri

• 0300 US FOMC Statement
• 0300 US Fed Interest Rate Decision 
• 0830 Australia RBA Monetary Policy Statement
• 1730 UK GDP (QoQ) (Q3)
• 1730 UK Manufacturing Production (MoM) (Sep) 
• 2130 US PPI (MoM) (Oct)