US Markets 11 Feb 23

The US market closed lower with an inside day on the weekly chart.

BDI closed lower from 621 (03 Feb) to 602 (10 Feb)

Harpex closed lower from 1,103 (03 Feb) to 1,091 (10 Feb)

CDFI closed lower from 885.07 (03 Feb) to 869.94 (10 Feb)

CCFI closed higher from 1,110 (03 Feb) to 1,133.1 (10 Feb)

The dollar index closed higher.

Watch out for

• CPI and retail sales data by multiple countries

There will be no update on COT this week due to an ongoing issue with a third-party service provider reporting to CFTC.

Dow

Daily DT, Weekly Neutral
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 UT, Weekly DT

Potential resistance around 12,762, 13,485, 14,207

Potential support around 12,040, 11,318, 10,595, 9,873, 9,150

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

Potential support around 1,910, 1,779, 1,649, 1,519, 1,389

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

13 Feb, Mon

• No important data

14 Feb, Tue

• 0750 Japan GDP (QoQ) (Q4)
• 1500 UK Average Earnings Index +Bonus (Dec)
• 1500 UK Claimant Count Change (Jan)
• 2130 US Core CPI (MoM) (Jan)
• 2130 US CPI (MoM) (Jan)

15 Feb, Wed

• 0815 Australia RBA Gov Lowe Speech 
• 1500 UK CPI (YoY) (Jan)
• 2130 US Core Retail Sales (MoM) (Jan)
• 2130 US Retail Sales (MoM) (Jan)
• 2200 Europe ECB President Lagarde Speaks  
• 2330 US Crude Oil Inventories

16 Feb, Thu

• 0830 Australia Employment Change (Jan)
• 2130 US Building Permits (Jan)  
• 2130 US Philadelphia Fed Manufacturing Index (Feb)
• 2130 US US PPI (MoM) (Jan)
• 2130 US Initial Jobless Claims

17 Feb, Fri

• 0345 Europe ECB Guindos Speech 
• 0630 Australia RBA Gov Lowe Speech 
• 1500 UK Retail Sales (MoM) (Jan)