US Markets 12 Nov 22

The US market closed higher. Dow and Russell's daily trend improved to Neutral.

BDI closed higher from 1,323 (04 Nov) to 1,355 (11 Nov)
Harpex closed higher from 1,387 (04 Nov) to 1,384 (11 Nov)
CDFI closed higher from 1,096.59 (04 Nov) to 1,116.7 (11 Nov)
CCFI closed lower from 1,790.86 (04 Nov) to 1,729.92 (11 Nov)

The Dollar Index broke consolidation support and slumped.

Watch out for

• CPI data by multiple countries
• US and UK retail sales data
• Japan GDP data
• China Industrial Production data

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

Dow

Daily Neutral, Weekly DT
Potential resistance around35,495, 37,625, 39,754

Potential support around 33,365, 31,236, 29,106, 26,976, 24,847

S&P
Daily DT, Weekly DT

Potential resistance around 4,161, 4,396, 4,632

Potential support around 3,925, 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 Neutral, 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)

14 Nov, Mon

• No important data

15 Nov, Tue

• 0750 Japan GDP (QoQ) (Q3)
• 0830 Australia RBA Meeting Minutes
• 1000 China Industrial Production (YoY) (Oct)
• 1500 UK Claimant Count Change (Oct)
• 1800 German ZEW Economic Sentiment (Nov)
• 2130 US PPI (MoM) (Oct)

16 Nov, Wed

• 1500 UK Inflation Rate YoY (Oct)
• 2130 US Core Retail Sales (MoM) (Oct)
• 2130 US Retail Sales (MoM) (Oct)
• 2130 Canada Core CPI (MoM) (Oct)
• 2330 US Crude Oil Inventories

17 Nov, Thu

• 0830 Australia Employment Change (Oct)
• 1800 Europe CPI (YoY) (Oct)
• 2030 UK Autumn Forecast Statement
• 2130 US Building Permits (Oct)
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Nov)

18 Nov, Fri

• 0730 Japan Inflation Rate YoY (Oct)
• 1500 UK Retail Sales (MoM) (Oct)
• 2300 US Existing Home Sales (Oct)