US Markets 10 Jun 2023

The US market closed higher. Dow, S&P and Nasdaq closed with a small roc.

While BDI and CDFI rebounded, Harpex remained the same; and CCFI closed lower.

The dollar index closed lower at 103.5, slightly below 103.6 support.

Watch out for

• Interest Rate Decision by US, Europe and Japan
• Multiple countries reporting CPI 

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

UT 

• S&P

Neutral 

• None

DT 

• None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT 

• Nasdaq

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 UT
Potential resistance around 35,495, 37,625, 39,754
Potential support around 33,365, 31,236, 29,106, 26,976

S&P
Daily UT, Weekly UT

Potential resistance around 4,396, 4,632, 4,867

Potential support around 4,161, 3,925, 3,690, 3,454, 3,219

Nasdaq
Daily UT, Weekly UT

Potential resistance around 14,930, 15,652, 16,374

Potential support around 14,207, 13,485, 12,762, 12,040, 11,318

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

Potential support around 1,779, 1,649, 1,519, 1,389, 1,259

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

12 Jun, Mon

• Australia on holiday
• No important data

13 Jun, Tue

• 1400 German CPI (MoM) (May)
• 1400 UK Employment Change (Mar)
• 1700 German ZEW Economic Sentiment Index (Jun)
• 2030 US Core CPI (MoM) (May)
• 2030 US CPI (MoM) (May) 

14 Jun, Wed

• 1400 UK GDP (MoM) (May)
• 2030 US PPI (MoM) (May)
• 2230 US Crude Oil Inventories

15 Jun, Thu

• 0200 US FOMC Statement
• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Press Conference  
• 0645 New Zealand GDP (QoQ) (Q1)
• 0750 Japan Balance of Trade (May)
• 0930 Australia Employment Change (May)
• 1000 China Industrial Production (YoY) (May)
• 2015 Europe Deposit Facility Rate (Jun)
• 2015 Europe ECB Interest Rate Decision (Jun)
• 2030 US Core Retail Sales (MoM) (May)
• 2030 US Retail Sales (MoM) (May)
• 2030 US Initial Jobless Claims
• 2045 Europe ECB Press Conference  

16 Jun, Fri

• 1100 Japan BoJ Interest Rate Decision
• 1430 Japan BoJ Press Conference  
• 1700 Europe CPI (YoY) (May)
• 2200 US Michigan Consumer Sentiment (Jun)