US Markets 12 Oct 19

On the weekly chart, US market closed higher with a +roc.  Dow and Russell closed with an inside day.  S&P and Nasdaq broke lhf.

BDI and Harpex closed higher.

Dollar Index broke hlf.

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

• None

Neutral 

• Nasdaq

DT 

• Russell

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 Neutral, Weekly UT
Potential resistance around 26,976, 27,350, 29,106

Potential support around 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,983, 3,022, 3,219

Potential support around 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 7,859, 8,002, 8,428

Potential support around 7,706, 7,516, 7,282, 7,134, 6,982, 6,516

Russell
Daily DT, Weekly DT
Potential resistance around 1,519, 1,543, 1,585, 1,609, 1,624

Potential support around 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

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

14 Oct, Mon

• Japan and Canada holiday
• No important data

15 Oct, Tue

• 0830 Australia RBA Meeting Minutes  
• 0930 China Consumer Price Index (YoY)
• 1630 UK Average Earnings Index +Bonus
• 1630 UK Claimant Count Change (Sep)
• 1700 German ZEW Economic Sentiment (Oct)
• 1200 UK BoE's Governor Carney speech

16 Oct, Wed

• 0545 New Zealand CPI (QoQ) (Q3)
• 1630 UK CPI (YoY) (Sep)
• 1700 Europe CPI (YoY) (Sep)
• 2030 US Core Retail Sales (MoM) (Sep) 
• 2030 US Retail Sales (MoM) (Sep)
• 2030 Canada Core CPI (MoM) (Sep)
• 2230 US Crude Oil Inventories 

17 Oct, Thu

• 0800 UK European Council Summit on Brexit
• 0830 Australia Unemployment Rate s.a.
• 0830 Australia Employment Change s.a.
• 1630 UK Retail Sales (MoM) (Sep)
• 2030 US Building Permits (Sep)
• 2030 US Philadelphia Fed Manufacturing Index (Oct)

18 Oct, Fri

• 0800 UK European Council Summit on Brexit
• 1000 China GDP (YoY) (Q3)
• 1000 China Industrial Production (YoY) (Sep)