US Market 09 Oct 2021

US market closed higher except Russell closed lower. US market consolidating.

Harpex, BDI, CCFI, and CDFI closed higher.

The dollar index closed with an inside day.

Watch out for

• US CPI, PPI and Retail Sales data
• US FOMC Meeting Minutes

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

UT 

• None

Neutral 

• Russell

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 DT, Weekly UT
Potential resistance around 35,495, 37,625

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily DT, Weekly UT

Potential resistance around 4,396, 4,632

Potential support around 4,161, 3,925, 3,690, 3,579, 3,454

Nasdaq
Daily DT, Weekly UT

Potential resistance around 14,930, 15,652, 16,374

Potential support around 14,207, 13,485, 12,762, 12,410, 12,040

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430, 2,561

Potential support around 2,170, 2,040, 1,910, 1,779, 1,743, 1,708

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

11 Oct, Mon

• Japan and Canada Holiday
• No important data

12 Oct, Tue

• 0800 Australia HIA New Home Sales
• 0830 Australia NAB Business Confidence
• 1400 UK Unemployment Rate
• 1400 UK Employment Change
• 1700 German ZEW Economic Sentiment (Oct)
• 2200 US JOLTs Job Openings (Aug)

13 Oct, Wed

• 1400 UK GDP
• 1400 UK Manufacturing Production (MoM) (Aug)
• 1400 UK Goods Trade Balance
• 2030 US Core CPI (MoM) (Sep)

14 Oct, Thu

• Hong Kong Holiday
• 0200 US FOMC Meeting Minutes
• 0830 Australia Employment Change (Sep)
• 0930 China Inflation Rate
• 2030 US Initial Jobless Claims
• 2030 US PPI (MoM) (Sep)
• 2300 US Crude Oil Inventories

15 Oct, Fri

• 2030 US Core Retail Sales (MoM) (Sep)
• 2030 US Retail Sales (MoM) (Sep)
• 2200 US Michigan Consumer Sentiment