US Market 08 Oct 2022

The US market broke lhf (lower high formation), trimmed most of the gain and closed slightly higher on the weekly chart.

BDI closed higher, CCFI and CDFI were not provided due to China's golden week holiday, while Harpex stopped providing data.

The Dollar Index closed higher.

Watch out for

• Speech by UK BoE Gov Bailey and Europe ECB President Lagarde
• US FOMC Meeting Minutes
• CPI data by multiple countries

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

UT 

• None

Neutral 

• None

DT 

• 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 31,236, 33,365, 35,495

Potential support around 29,106, 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)

10 Oct, Mon

• Canada and Japan Holiday
• No important data

11 Oct, Tue

• 1400 UK Unemployment Rate (Aug)

12 Oct, Wed

• 0235 UK BoE Gov Bailey Speaks
• 1400 UK GDP
• 1400 UK Goods Trade Balance (Aug)
• 2030 US PPI (MoM) (Sep)
• 2130 Europe ECB President Lagarde Speaks

13 Oct, Thu

• 0200 US FOMC Meeting Minutes
• 1400 German CPI (YoY) (Sep)
• 2030 US Core CPI (MoM) (Sep)
• 2030 US CPI (MoM) (Sep)
• 2030 US Initial Jobless Claims
• 2300 US Crude Oil Inventories

14 Oct, Fri

• 0930 China Inflation Rate YoY (Sep)
• 2030 US Core Retail Sales (MoM) (Sep)
• 2030 US Retail Sales (MoM) (Sep)
• 2200 US Michigan Consumer Sentiment (Oct)