US Markets 30 Nov 24

The US market closed higher. While the Dow and Russell broke consolidating resistance, the S&P and Nasdaq remained consolidating.

BDI continued to slump, from 1,537 (22 Nov) to 1,354 (29 Nov)

Harpex closed higher from 2,033 (22 N0v) to 2,037 (29 Nov)

CDFI continued to close lower from 1,100.63 (22 Nov) to 1,018.10 (29 Nov)

CCFI closed higher from 1,467.91 (22 Nov) to 1,474.00 (29 Nov)

The dollar index closed lower after breaking the lower-high's formation and 106.7 support. 

Watch out for

• Manufacturing PMI and Services PMI data by multiple countries
• Speech by Fed Chair Powell 
• US NFP

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

Dow
Daily UT, Weekly UT
Potential resistance around 46,144

Potential support around 44,014, 41,884, 39,754, 37,625, 35,495

S&P
Daily UT, Weekly UT

Potential resistance around 6,045

Potential support around 5,809, 5,574, 5,338, 5,103

Nasdaq
Daily UT, Weekly UT

Potential resistance around 21,431

Potential support around 20,709, 19,986, 19,264, 18,542, 17,819

Russell
Daily UT, Weekly UT
Potential resistance around 2,561, 2,691

Potential support around 2,430, 2,300, 2,170, 2,040, 1,910

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

02 Dec, Mon

• 0830 Asutralia Retail Sales (MoM) (Oct)
• 0945 China Caixin Manufacturing PMI (Nov)
• 1655 Germany HCOB Manufacturing PMI (Nov)
• 1700 Europe HCOB Manufacturing PMI (Nov)
• 2245 US S&P Global US Manufacturing PMI (Nov)
• 2300 US ISM Manufacturing PMI (Nov)

03 Dec, Tue

• 2300 US JOLTS Job Openings (Oct)

04 Dec, Wed

• 0830 Australia GDP (QoQ) (Q3)
• 0945 China Caixin Services PMI (Nov)
• 1700 Europe HCOB Eurozone Services PMI (Nov)
• 1730 UK S&P Global/CIPS UK Services PMI (Nov)
• 2115 US ADP Nonfarm Employment Change (Nov)
• 2230 Canada S&P Global Services PMI (Nov)
• 2245 US S&P Global Services PMI (Nov)
• 2300 US ISM Services PMI (Nov)
• 2330 US Crude Oil Inventories

05 Dec, Thu

• 0245 US Fed Chair Powell Speaks 
• 2130 US Initial Jobless Claims
• 2300 Canada Ivey PMI (Nov)

06 Dec, Fri

• 1800 Europe GDP (QoQ) (Q3)
• 2130 US Nonfarm Payrolls (Nov)
• 2130 US Unemployment Rate (Nov)
• 2130 Canada Employment Change (Nov)
• 2130 Canada Unemployment Rate (Nov)
• 2300 US Michigan Consumer Sentiment (Dec)