US Market 14 Nov 2020

US market traded at historic high and closed mixed.

On the weekly chart, Dow closed at a historic high with a very small +roc. S&P and Russell closed at a historic high with a -roc.  Nasdaq closed lower with a -roc.

BDI continue to lower, from 1,194 (06 Nov) to 1,115(13 Nov)

Harpex close above 10 years high (10-year peak at 901), from 881.17 (30 Oct) to 910.09 (06 Nov)

Dollar Index recovered some of the losses and closed higher.

There will be no update on COT this week due to delay release date due to a Federal holiday.

Watch out for the central bank will be speaking on various occasion.

Dow

Daily UT, Weekly UT
Potential resistance around 31,236, 33,365

Potential support around  29,407, 29,106, 28,912, 28,195, 27,345, 26,635, 25,784

S&P
Daily UT, Weekly UT

Potential resistance around 3,690, 3,925

Potential support around 3,579, 3,454, 3,388, 3,219, 3,155, 3,072, 3,022

Nasdaq
Daily Neutral, 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

Russell
Daily UT, Weekly UT
Potential resistance around 1,779, 1,910

Potential support around 1,708, 1,683, 1,649, 1,624, 1,609, 1,585

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

16 Nov, Mon

• 0750 Japan GDP
• 0750 Japan Retail Sales (YoY)
• 1000 China Industrial Production
• 1640 Australia RBA's Governor Lowe speech
• 2100 Europe ECB President Lagarde Speaks

17 Nov, Tue

• 0830 Australia RBA Meeting Minutes
• 2130 US Core Retail Sales (MoM) (Oct)
• 2130 US Retail Sales (MoM) (Oct)
• 2200 UK BoE Gov Bailey Speaks

18 Nov, Wed

• 0000 Europe ECB President Lagarde Speaks
• 0300 Canada BoC's Governor Macklem speech
• 0600 Australia RBA's Governor Lowe speech
• 1500 UK CPI (YoY) (Oct)
• 1800 Europe CPI (YoY) (Oct)
• 2130 US Building Permits (Oct)
• 2130 Canada Core CPI (MoM) (Oct)
• 2300 Europe ECB President Lagarde Speak
• 2330 US Crude Oil Inventories

19 Nov, Thu

• 0830 Australia Employment Change (Oct)
• 1600 Europe ECB President Lagarde Speaks 
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Nov)
• 2300 US Existing Home Sales (Oct)

20 Nov, Fri

• 0830 Australia Retail Sales (MoM) (Oct)
• 0930 China PBoC Loan Prime Rate
• 1500 UK Retail Sales (MoM) (Oct)
• 1615 Europe ECB President Lagarde Speaks
• 2130 Canada Core Retail Sales (MoM) (Sep)