US Market 14 Jan 2023

The US market closed higher. Russell closed around the strong resistance range.

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

The dollar index broke consolidation support.

Watch out for

• CPI data by multiple countries
• Interest rate decision by Japan

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

UT 

• None

Neutral 

• None

DT 

• None

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 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 UT, 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 Neutral, 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)

16 Jan, Mon

• US Holiday

17 Jan, Tue

• 1000 China GDP (YoY) (Q4)
• 1000 China Industrial Production (YoY) (Dec)
• 1500 UK Claimant Count Change (Dec)
• 1500 UK Average Earnings Index +Bonus (Nov)
• 1500 German CPI (YoY) (Dec)
• 1800 German ZEW Economic Sentiment (Jan)
• 2130 Canada Core CPI (MoM) (Dec)

18 Jan, Wed

• 1100 Japan BoJ Interest Rate Decision
• 1100 Japan BoJ Outlook Report (YoY)  
• 1500 UK CPI (YoY) (Dec)
• 1800 Europe CPI (YoY) (Dec)
• 2130 US Core Retail Sales (MoM) (Dec)
• 2130 US Retail Sales (MoM) (Dec)
• 2130 US PPI (MoM) (Dec)

19 Jan, Thu

• 0830 Australia Employment Change (Dec)
• 1830 Europe ECB President Lagarde Speaks
• 2030 Europe ECB Publishes Account of Monetary Policy Meeting 
• 2130 US Building Permits (Dec)
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Jan)

20 Jan, Fri

• 0000 US Crude Oil Inventories
• 0730 Japan Inflation Rate YoY (Dec)
• 1500 UK Retail Sales (MoM) (Dec)
• 1800 Europe ECB President Lagarde Speaks
• 2130 Canada Core Retail Sales (MoM) (Nov)
• 2300 US Existing Home Sales (Dec)