US Market 15 Oct 2022

The US market closed lower, except for Dow closed higher.

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

The Dollar Index closed higher.

Watch out for

• China National People's Congress
• China GDP
• CPI data by multiple countries

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

UT 

• None

Neutral 

• None

DT 

• S&P
• 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)

17 Oct, Mon

• 0800 China National People's Congress
• 1100 China Balance of Trade (Sep)
• 1600 Europe ECB Guindos Speech 

18 Oct, Tue

• 0545 New Zealand CPI (QoQ) (Q3)
• 0800 China National People's Congress
• 0830 Australia RBA Meeting Minutes
• 1000 China GDP (YoY) (Q3)
• 1000 China Industrial Production (YoY) (Sep)
• 1700 German ZEW Economic Sentiment (Oct)

19 Oct, Wed

• 0800 China National People's Congress
• 1400 UK CPI (YoY) (Sep)
• 1700 Europe CPI (YoY) (Sep)
• 2030 US Building Permits (Sep)
• 2030 Canada Core CPI (MoM) (Sep)
• 2230 US Crude Oil Inventories

20 Oct, Thu

• 0750 Japan Balance of Trade (Sep)
• 0800 China National People's Congress
• 0830 Australia Employment Change (Sep)
• 0915 China PBoC Loan Prime Rate
• 1800 Europe EU Leaders Summit
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Oct)
• 2200 US Existing Home Sales (Sep)

21 Oct, Fri

• 0730 Japan Inflation Rate YoY (Sep)
• 0800 China National People's Congress
• 1400 UK Retail Sales (MoM) (Sep)
• 1800 Europe EU Leaders Summit
• 2030 US Core Retail Sales (MoM) (Sep)

22 Oct, Sat

• 0800 China National People's Congress