US Market 23 Nov 19

US market broke pwh but failed to hold and closed lower with a -roc.  Russell consolidating for the 3rd week.  This week is a short trading week for US due to holiday on 28 Nov (Thu) and market close early on 29 Nov (Fri)

BDI closed lower while Harpex closed higher.

Dollar Index recovered.

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 3,072, 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 8,196, 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)

24 Nov, Mon

• 1700 German Ifo Business Climate Index (Nov)

25 Nov, Tue

• 0800 US Fed's Chair Powell speech
• 2300 US CB Consumer Confidence (Nov) 
• 2300 US New Home Sales (Oct)

26 Nov, Wed

• 1300 UK Inflation Report Hearings
• 2130 US Core Durable Goods Orders (MoM) (Oct)
• 2130 US GDP (QoQ) (Q3)  
• 2300 US Pending Home Sales (MoM) (Oct)
• 2330 US Crude Oil Inventories 

27 Nov, Thu

• US Holidays
• 2100 German Harmonized Index of Consumer Prices (YoY)

28 Nov, Fri

• US Holidays, Market close early.
• 1655 German Unemployment Change (Nov)
• 1800 Europe CPI (YoY) (Nov)  
• 2130 Canada GDP (MoM) (Sep)

29 Nov, Sat

• 1000 China Manufacturing PMI (Nov)