US Market 10 Oct 2020

US market closed higher.

BDI closed lower and Harpex closed higher.

Dollar Index closed higher.

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

UT 

• Nasdaq
• Russell

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  28,730, 29,106, 29,407

Potential support around 28,195, 27,345, 26,635, 25,784, 25,336, 24,837

S&P
Daily UT, Weekly UT

Potential resistance around 3,579, 3,690, 3,925

Potential support around 3,454, 3,388, 3,303, 3,219, 3,155, 3,072, 3,022

Nasdaq
Daily UT, Weekly UT

Potential resistance around 12,040, 12,410, 12,762, 13,485

Potential support around 11,318, 10,856, 10,595, 10,206, 9,873, 9,723, 9,243

Russell
Daily UT, Weekly UT
Potential resistance around 1,649, 1,683, 1,708

Potential support around 1,624, 1,609, 1,585, 1,543, 1,519, 1,498, 1,451, 1,420

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

12 Oct, Mon

• Canada Holiday
• 1900 Europe ECB's President Lagarde speech

13 Oct, Tue

• 0000 UK BoE's Governor Bailey speech
• 1400 UK Average Earnings Index +Bonus (Aug)
• 1400 UK Claimant Count Change (Sep)
• 1700 German ZEW Economic Sentiment (Oct)
• 2030 US Core CPI (MoM) (Sep)

14 Oct, Wed

• 1600 Europe ECB's President Lagarde speech
• 2030 US PPI (MoM) (Sep)

15 Oct, Thu

• 0545 Australia RBA's Governor Lowe speech
• 0800 European Council Meeting
• 0830 Australia Employment Change (Sep)
• 0930 China Consumer Price Index (YoY)
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Oct)
• 2300 US Crude Oil Inventories

16 Oct, Fri

• 0645 New Zealand CPI (QoQ) (Q3)
• 0800 European Council Meeting
• 0900 US Presidential Debate
• 1700 Europe CPI (YoY) (Sep)
• 2030 US Core Retail Sales (MoM) (Sep)
• 2030 US Retail Sales (MoM) (Sep)
• 2200 US Michigan Consumer Sentiment Index