US Market 29 Oct 2022

The US market closed higher.

BDI, Harpex, CDFI and CCFI closed lower.

The Dollar Index is consolidating.

Watch out for

• Interest rate decisions by Australia, the US, and the UK.
• Manufacturing PMI data by multiple countries
• US NFP
• Europe Daylight saving ends on 30 Oct 22 at 2 AM CET (Central European Time).

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 33,365, 35,495, 37,625

Potential support around 31,236, 29,106, 26,976, 24,847

S&P
Daily DT, Weekly DT

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

Potential support around 3,690, 3,454, 3,219, 2,983

Nasdaq
Daily DT, Weekly DT

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

Potential support around 11,318, 10,595, 9,873, 9,150

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

Potential support around 1,779, 1,649, 1,519, 1,389, 1,2591

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

31 Oct, Mon

• 0830 Australia Retail Sales (MoM) (Sep) 
• 0930 China Manufacturing PMI (Oct) 
• 1300 Japan Consumer Confidence (Oct)
• 1500 German Retail Sales YoY (Sep)
• 1800 Europe Inflation Rate YoY (Oct)
• 1800 Europe GDP Growth Rate YoY (Q3) 
• 1800 Europe CPI (YoY) (Oct)

01 Nov, Tue

• 0945 China Caixin Manufacturing PMI (Oct)
• 1130 Australia RBA Interest Rate Decision (Nov)
• 1730 UK Manufacturing PMI (Oct)
• 2130 Canada Manufacturing PMI (Oct)
• 2200 US ISM Manufacturing PMI (Oct)
• 2200 US JOLTs Job Openings (Sep)

02 Nov, Wed

• 0545 New Zealand Employment Change (QoQ) (Q3)
• 0600 New Zealand RBNZ Press Conference  
• 1655 German Manufacturing PMI (Oct)
• 1655 German Unemployment Change (Oct)
• 1700 Europe Manufacturing PMI (Oct)
• 2015 US ADP Nonfarm Employment Change (Oct)
• 2230 US Crude Oil Inventories

03 Nov, Thu

• Japan Public Holiday
• 0200 US FOMC Statement 
• 0200 US Fed Interest Rate Decision
• 0200 US FOMC Press Conference 
• 0830 Australia Balance of Trade (Sep)
• 0945 China Caixin Services PMI (Oct)
• 1730 UK Composite PMI (Oct)
• 1730 UK Services PMI (Oct)
• 2000 UK BoE Interest Rate Decision (Nov)
• 2030 US Initial Jobless Claims
• 2030 US Balance of Trade (Sep)
• 2030 Canada Balance of Trade (Sep)
• 2200 US ISM Non-Manufacturing PMI (Oct)

04 Nov, Fri

• 0830 Australia RBA Statement on Monetary Policy
• 0830 Australia Retail Sales MoM (Sep)
• 1730 Europe ECB President Lagarde Speaks  
• 2030 US Nonfarm Payrolls (Oct)
• 2030 US Unemployment Rate (Oct)
• 2030 Canada Employment Change (Oct)
• 2200 Canada Ivey PMI (Oct)