US Market 16 Oct 2021

US market broke lhf (lower high formation) on the weekly chart and closed higher. 

Harpex and CCFI closed higher while BDI and CDFI closed lower.

The dollar index broke 94.0 support.

Watch out for

• China various data on Monday
• CPI, Manufacturing PMI, Retail Sales data from multiple countries.

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

UT 

• 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 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 Neutral, Weekly UT

Potential resistance around 4,632, 4,867

Potential support around 4,396, 4,161, 3,925, 3,690, 3,579, 3,454

Nasdaq
Daily DT, Weekly UT

Potential resistance around 15,652, 16,374

Potential support around 14,930, 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)

18 Oct, Mon

• 0545 New Zealand CPI (QoQ) (Q3)
• 1000 China Unemployment Rate
• 1000 China GDP (YoY)
• 1000 China Industrial Production (YoY) (Sep)
• 1000 China Retail Sales YoY (Sep)

19 Oct, Tue

• 0930 Australia RBA Meeting Minutes
• 2005 UK BoE Gov Bailey Speaks
• 2030 US Building Permits (Sep)

20 Oct, Wed

• 0750 Japan Balance of Trade
• 0930 China PBoC Loan Prime Rate
• 1400 UK CPI (YoY) (Sep)
• 1700 Europe CPI (YoY) (Sep)
• 2030 Canada CPI (MoM) (Sep)
• 2230 US Crude Oil Inventories

21 Oct, Thu

• 2030 Canada ADP Employment Change
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Oct)
• 2200 US Existing Home Sales (Sep)

22 Oct, Fri

• 0701 UK Gfk Consumer Confidence
• 0730 Japan Inflation Rate YoY
• 1400 UK Retail Sales (MoM) (Sep)
• 1530 German Manufacturing PMI (Oct) 
• 1600 Euro Area Markit Manufacturing PMI 
• 1630 UK Markit/CIPS Manufacturing PMI
• 2030 Canada Core Retail Sales (MoM) (Aug)
• 21450 US Markit Manufacturing PMI
• 21450 US Markit Services PMI