US Markets 26 Oct 19

US market closed higher.  On the weekly chart, Dow broke pwl, recovered and closed with a +roc.  S&P, Nasdaq and Russell broke pwh.  S&P and Nasdaq testing recent high.

BDI and Harpex closed lower.

Dollar Index closed higher.

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 26,976, 27,350, 29,106

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

S&P
Daily UT, Weekly UT

Potential resistance around 3,022, 3,219

Potential support around 2,983, 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747

Nasdaq
Daily UT, Weekly UT

Potential resistance around 8,428

Potential support around 8,002, 7,859, 7,706, 7,516, 7,282, 7,134, 6,982, 6,516

Russell
Daily UT, Weekly Neutral
Potential resistance around 1,585, 1,609, 1,624

Potential support around 1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

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

28 Oct, Mon

• Singapore and New Zealand holiday
• 2030 US Goods Trade Balance
• 2300 Europe ECB President Draghi Speaks

29 Oct, Tue

• 0730 Japan Tokyo CPI ex Fresh Food (YoY)
• 1445 Australia RBA's Governor Lowe speech
• 2200 US CB Consumer Confidence (Oct) 
• 2200 US Pending Home Sales (MoM) 

30 Oct, Wed

• 0830 Australia CPI (QoQ) (Q3)
• 1655 German Unemployment Change (Oct)
• 1900 German Harmonized Index of Consumer Prices (YoY)
• 2015 US ADP Nonfarm Employment Change (Oct)
• 2030 US GDP (QoQ) (Q3) 
• 2200 Canada BoC Monetary Policy Report  
• 2200 Canada BoC Interest Rate Decision 
• 2200 Canada BOC Press Conference  
• 2230 US Crude Oil Inventories 

31 Oct, Thu

• 0200 US FOMC Statement  
• 0200 US Fed Interest Rate Decision 
• 0800 UK Brexit Day - UK leaves the EU
• 0900 China Manufacturing PMI (Oct)
• 1030 Japan BoJ Monetary Policy Statement  
• 1100 Japan BoJ Outlook Report (YoY)
• 1100 Japan BoJ Interest Rate Decision  
• 1430 Japan BoJ Press Conference  
• 1800 Europe CPI (YoY) (Oct)  
• 1800 Europe Gross Domestic Product s.a.
• 2030 Canada GDP (MoM) (Aug)
• 2330 Switzerland SNB's Chairman Jordan speech

01 Nov, Fri

• 0830 Australia Producer Price Index 
• 0945 China Caixin Manufacturing PMI (Oct) 
• 1730 UK Manufacturing PMI (Oct)
• 2030 US Nonfarm Payrolls (Oct)
• 2030 US Unemployment Rate (Oct)
• 2200 US ISM Manufacturing PMI (Oct)