US Markets 02 Nov 19

US market broke pwh and closed higher.  Dow recent resistance level. S&P and Nasdaq created a new historic high.  Russell testing strong resistance region.

BDI closed lower.

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 27,350, 29,106, 31,236, 33,365

Potential support around 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 Neutral
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)

04 Nov, Mon

• Japan holiday
• 1655 German Manufacturing PMI (Oct)
• 1730 UK Construction PMI (Oct)

05 Nov, Tue

• 1130 Australia Interest Rate Decision
• 1230 Australia RBA Rate Statement  
• 1730 UK Composite PMI (Oct)
• 1730 UK Services PMI (Oct)
• 2130 US Trade Balance
• 2300 US ISM Non-Manufacturing PMI (Oct)
• 2300 US JOLTs Job Openings (Sep) 

06 Nov, Wed

• 0545 New Zealand Employment Change (QoQ) (Q3)
• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 2300 Canada Ivey PMI (Oct)
• 2330 US Crude Oil Inventories 

07 Nov, Thu

• 2000 UK BoE Inflation Report  
• 2000 UK BoE Interest Rate Decision (Nov)
• 2000 UK BoE MPC Meeting Minutes  
• 2030 UK BoE Gov Carney Speaks  

08 Nov, Fri

• 0930 Australia RBA Monetary Policy Statement
• 2130 Canada Building Permits (MoM)
• 2130 Canada Unemployment Rate
• 2300 US Michigan Consumer Sentiment Index