US Market 13 Nov 2021

US market closed lower. 
Dow and Russell broke pwh (previous week high), reversed to close lower.
S&P and Nasdaq closed with an inside day.

BDI rebounded from 2,715 (04 Nov) to 2,807 (11 Nov)
Harpex continues to close lower, from 3,936.18 (29 Oct) to 3,852.69 (12 Nov)
CDFI rebounded from 1470.24 (05 Nov) to 1495.3 (12 Nov)
CCFI closed lower from 3,284.93 (05 Nov) to 3,232.37 (12 Nov)

The dollar index broke 95.0 resistance level.

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

Watch out for

• China data
• CPI and Retail Sales data from multiple countries.

Dow

Daily UT, Weekly UT
Potential resistance around 37,625

Potential support around 35,495, 33,365, 31,236, 29,407, 29,106

S&P
Daily UT, Weekly UT

Potential resistance around 4,867

Potential support around 4,632, 4,396, 4,161, 3,925, 3,690, 3,579

Nasdaq
Daily UT, Weekly UT

Potential resistance around 16,374, 17,097, 17,819

Potential support around 15,652, 14,930, 14,207, 13,485, 12,762, 12,410

Russell
Daily UT, Weekly UT
Potential resistance around 2,430, 2,561, 2,691

Potential support around 2,300, 2,170, 2,040, 1,910

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

15 Nov, Mon

• 0750 Japan GDP (QoQ) (Q3)
• 1000 China Unemployment Rate (Oct)
• 1000 China Retail Sales YoY (Oct)
• 1000 China Industrial Production (YoY) (Oct)
• 2345 Europe ECB Guindos Speech

06 Nov, Tue

• 0830 Australia RBA Meeting Minutes
• 1500 UK Average Earnings Index +Bonus (Sep)
• 1500 UK Claimant Count Change (Oct)
• 1800 Europe Employment Change (Q3)
• 2130 US Core Retail Sales (MoM) (Oct)
• 2130 US Retail Sales (MoM) (Oct)

17 Nov, Wed

• 0750 Japan Balance of Trade (Oct)
• 1500 UK CPI (YoY) (Oct)
• 1800 Europe CPI (YoY) (Oct)
• 2130 US Building Permits (Oct)
• 2130 Canada Core CPI (MoM) (Oct)
• 2330 US Crude Oil Inventories

18 Nov, Thu

• 2130 Canada ADP Employment Change (Oct)
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Nov)

19 Nov, Fri

• 0730 Japan Inflation Rate YoY (Oct)
• 1500 UK Retail Sales (MoM) (Oct)
• 1600 Europe ECB President Lagarde Speaks
• 2130 Canada Core Retail Sales (MoM) (Sep)