US Market 01 Oct2022

US market closed lower. S&P broke and closed below Jun's low.

Harpex, CCFI, BDI, and CDFI closed lower.

The Dollar Index closed lower.

Watch out for

• China golden week
• Manufacturing PMI by multiple countries
• Australia and New Zealand interest rate decision
• US NFP

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

UT 

• None

Neutral 

• None

DT 

• Dow
• S&P
• Nasdaq
• Russell

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 are based on 50 Simple Moving Average.

Dow

Daily DT, Weekly DT
Potential resistance around 29,106, 31,236, 33,365

Potential support around 26,976, 24,847

S&P
Daily DT, Weekly DT

Potential resistance around 3,690, 3,925, 4,161, 4,396

Potential support around 3,454, 3,219, 2,983

Nasdaq
Daily DT, Weekly DT

Potential resistance around 11,318, 12,040, 12,762, 13,485

Potential support around 10,595, 9,873, 9,150

Russell
Daily DT, Weekly DT
Potential resistance around 1,779, 1,910, 2,040, 2,170, 2,300

Potential support around 1,649, 1,519, 1,389, 1,2591

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

03 Oct, Mon

• China Holiday
• 0750 Japan Tankan Large Manufacturers Index (Q3)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q3)
• 1555 German Manufacturing PMI (Sep)
• 1600 Europe Manufacturing PMI (Sep)
• 1630 UK Manufacturing PMI (Sep)
• 2200 US ISM Manufacturing PMI (Sep)

04 Oct, Tue

• China and Hong Kong Holiday
• 1130 Australia RBA Interest Rate Decision (Oct)
• 1130 Australia RBA Rate Statement  
• 2200 US JOLTs Job Openings (Aug)

05 Oct, Wed

• China Holiday
• 0830 Australia Retail Sales (MoM)
• 0900 New Zealand RBNZ Interest Rate Decision
• 0900 New Zealand RBNZ Rate Statement  
• 2015 US ADP Nonfarm Employment Change (Sep)
• 2200 US ISM Non-Manufacturing PMI (Sep)
• 2230 US Crude Oil Inventories

06 Oct, Thu

• China Holiday
• 1700 Europe Retail Sales (Aug)
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting  
• 2030 US Initial Jobless Claims
• 2200 Canada Ivey PMI (Sep)

07 Oct, Fri

• China Holiday
• 1400 German Retail Sales (Aug)
• 2030 US Nonfarm Payrolls (Sep)
• 2030 US Unemployment Rate (Sep)
• 2030 Canada Employment Change (Sep)

08 Oct, Sat

• 0945 China Caixin Services PMI (Sep)