US Market 16 Nov 19

US market continues to create a new historic high except for Russell broke pwl and closed lower with a very small roc.

BDI closed lower while Harpex remained unchanged

Dollar Index closed lower.

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 29,106, 31,236, 33,365

Potential support around 27,350, 26,976, 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily UT, Weekly UT

Potential resistance around 3,219, 3,454, 3,690

Potential support around 3,022, 2,983, 2,940, 2,874, 2,854, 2,825, 2,814

Nasdaq
Daily UT, Weekly UT

Potential resistance around 8,428, 9,150, 9,873

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

Russell
Daily UT, Weekly UT
Potential resistance around 1,609, 1,624, 1,649 1,779

Potential support around 1,585,  1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341

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

18 Nov, Mon

• No important data

19 Nov, Tue

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

20 Nov, Wed

• 0930 China PBoC Interest Rate 
• 1300 UK Inflation Report Hearings
• 1700 Europe ECB Publishes Financial Stability Review
• 2130 Canada Core CPI (MoM) (Oct)
• 2230 US Crude Oil Inventories 

21 Nov, Thu

• 0300 US FOMC Meeting Minutes  
• 1800 Europe OECD Economic Outlook
• 2030 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2130 US Philadelphia Fed Manufacturing Index (Nov)
• 2140 Canada BoC Gov Poloz Speaks 
• 2300 US Existing Home Sales (MoM) 

22 Nov, Fri

• 1500 German GDP (QoQ) (Q3) 
• 1630 German Manufacturing PMI (Nov)  
• 1630 Europe ECB's President Lagarde speech
• 1700 Europe Markit PMI Composite
• 1730 UK Manufacturing PMI  
• 1730 UK Services PMI  
• 2130 Canada Core Retail Sales (MoM) (Sep) 
• 2300 US Michigan Consumer Sentiment Index