US Markets 26 Nov 22

The US market closed higher. Dow outperformed and closed at six month high.

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

The dollar index is consolidating.

Watch out for

• Manufacturing PMI by multiple countries
• Speech by Fed Chair Powell and Australia RBA Gov Lowe
• US NFP and unemployment data

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

Dow

Daily UT, Weekly DT
Potential resistance around 35,495, 37,625, 39,754

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

S&P
Daily Neutral, 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)

28 Nov, Mon

• 0830 Australia Retail Sales (MoM) (Oct)

29 Nov, Tue

• 2100 German CPI (YoY) (Nov)
• 2130 Canada GDP (MoM) (Sep)
• 2300 US CB Consumer Confidence (Nov)

30 Nov, Wed

• 0930 China Manufacturing PMI (Nov)
• 1655 German Unemployment Change (Nov)
• 1800 Europe CPI (YoY) (Nov)
• 2115 US ADP Nonfarm Employment Change (Nov)
• 2130 US GDP (QoQ) (Q3)
• 2300 US JOLTs Job Openings (Oct)
• 2300 US Pending Home Sales (MoM) (Oct)
• 2330 US Crude Oil Inventories

01 Dec, Thu

• 0230 US Fed Chair Powell Speech 
• 0945 China Caixin Manufacturing PMI (Nov)
• 1300 Japan Consumer Confidence (Nov)
• 1500 German Retail Sales (Oct)
• 1655 German Manufacturing PMI (Nov)
• 1700 Europe Manufacturing PMI (Nov)
• 1730 UK Manufacturing PMI (Nov)
• 1800 Europe Unemployment Rate (Oct)
• 2130 US Core PCE Price Index (MoM) (Oct)
• 2130 US Initial Jobless Claims
• 2230 Canada Manufacturing PMI (Nov)
• 2300 US ISM Manufacturing PMI (Nov)

02 Dec, Fri

• 0830 Australia Retail Sales (MoM)
• 1000 Australia RBA Gov Lowe Speech 
• 2130 US Nonfarm Payrolls (Nov)
• 2130 US Unemployment Rate (Nov)
• 2130 Canada Employment Change (Nov)