US Markets 12 Oct 24

The US market closed higher. The Dow and S&P closed with historic highs.
The Russell trend turned from a downtrend to Neutral.

BDI, Harpex, CDFI, and CCFI closed lower.

The dollar index continued to close higher after last week's recovery. It broke 102.3 resistance.

Watch out for

• Europe Interest Rate Decision
• CPI and Retail Sales data by multiple countries

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 

• S&P

Neutral 

• Russell

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 Averages.

Dow
Daily UT, Weekly UT
Potential resistance around 44,014

Potential support around 41,884, 39,754, 37,625, 35,495, 33,365

S&P
Daily UT, Weekly UT

Potential resistance around 5,809, 6,045

Potential support around 5,574, 5,338, 5,103, 4,867, 4,632

Nasdaq
Daily UT, Weekly UT

Potential resistance around 20,709, 21,431

Potential support around 19,986, 19,264, 18,542, 17,819, 17,097

Russell
Daily Neutral, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779, 1,649

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

14 Oct, Mon

• Japan and Canada on holiday

15 Oct, Tue

• 1400 UK Unemployment Rate (Aug)
• 1400 UK Employment Change
• 1705 Germany ZEW Economic Sentiment (Oct)
• 2030 US NY Empire State Manufacturing Index (Oct)
• 2030 Canada CPI (MoM) (Sep)
• 2030 Canada Core CPI (MoM) (Sep)

16 Oct, Wed

• 1400 UK CPI (YoY) (Sep)

17 Oct, Thu

• 0830 Australia Unemployment Rate (Sep)
• 0830 Australia Employment Change (Sep)
• 1700 Europe CPI (YoY) (Sep)
• 1700 Europe Core CPI (YoY) (Sep)
• 2015 Europe Deposit Facility Rate (Oct)
• 2015 Europe ECB Interest Rate Decision (Oct)
• 2030 US Core Retail Sales (MoM) (Sep)
• 2030 US Retail Sales (MoM) (Sep)
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Oct)
• 2045 Europe ECB Press Conference  
• 2300 US Crude Oil Inventories

18 Oct, Fri

• 0730 Japan National CPI (MoM)
• 0730 Japan National Core CPI (MoM)
• 1000 China GDP (YoY) (Q3)
• 1400 UK Retail Sales (MoM) (Sep)
• 1400 UK Core Retail Sales (MoM) (Sep)
• 2030 US Housing Starts (Sep)
• 2030 US Building Permits (Sep)