US Markets 17 Nov 18

On the weekly chart, US markets broke hlf and recovered to close above pwl (except Russell)

BDI and Harpex continue to slide down.

Dollar Index tested the resistance and pull back.


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

• None

Neutral 

• None

DT 

• Nasdaq (1)

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 25,645, 25,784, 26,627, TLU11, 26,976, 29,106

Potential support around 25,326, 24,841, 24,170, 23,567, 23,435, TLU6, 23,175

S&P
Daily DT, Weekly UT

Potential resistance around 2,747, 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 6,982, 7,134, 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 6,725, 6,518, 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)

19 Nov, Mon

• No important data

20 Nov, Tue

• 0830 Australia RBA Meeting Minutes
• 2130 US Building Permits (Oct)

21 Nov, Wed

• 2130 US Core Durable Goods Orders (MoM) (Oct)
• 2300 US Existing Home Sales (Oct)
• 2330 US Crude Oil Inventories

22 Nov, Thu

• US holiday
• UK Inflation Report Hearings
• 2030 Europe ECB Publishes Account of Monetary Policy Meeting

23 Nov, Fri

• Japan holiday
• US markets closed early
• 1500 German GDP (QoQ) (Q3)
• 1630 German Manufacturing PMI (Nov)
• 2130 Canada Core Retail Sales (MoM) (Sep)