US Markets 11 Oct 25

The US market closed lower. While the Dow broke the previous week's low, the S&P, Nasdaq and the Russell closed with an outside day on the weekly charts.

BDI recovered from 1,901 (03 Oct) to 1,936 (10 Oct)

Harpex continued to close lower from 2,203 (03 Oct) to 2,191 (10 Oct)

CDFI continued to close lower from 1,161.08 (30 Sep) to 1,116.68 (10 Oct)

CCFI closed lower from 1,087.41 (26 Sep) to 1,014.78 (10 Oct)

The dollar index closed lower while consolidating.

Watch out for

• CPI data from multiple countries
• Speech by Fed Chair Powell

There will be no update on COT due to the shutdown of the US government.

Dow
Daily UT, Weekly UT
Potential resistance around 46,144, 48,273

Potential support around 44,014, 41,884, 39,754

S&P
Daily UT, Weekly UT

Potential resistance around 6,516, 6,751

Potential support around 6,280, 6,045, 5,809

Nasdaq
Daily UT, Weekly UT

Potential resistance around 24,321, 25,043

Potential support around 23,598, 22,876,22,154

Russell
Daily UT, Weekly UT
Potential resistance around 2,430, 2,561, 2,691

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

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

13 Oct, Mon

• Canada on holiday
• No important data

14 Oct, Tue

• 0830 Australia RBA Meeting Minutes
• 1400 UK Unemployment Rate (Aug)
• 1400 UK Claimant Count Change (Sep)
• 1400 Germany CPI (MoM) (Sep)
• 1700 Germany ZEW Economic Sentiment (Oct)
• 1730 Europe ZEW Economic Sentiment (Oct)

15 Oct, Wed

• 0020 US Fed Chair Powell Speaks
• 0930 China CPI (YoY) (Sep)
• 0930 China PPI (YoY) (Sep)
• 2030 US NY Empire State Manufacturing Index (Oct)

16 Oct, Thu

• 0830 Australia Unemployment Rate (Sep)
• 1400 UK GDP (MoM) (Aug)
• 1400 UK Industrial Production (MoM) (Aug)
• 2030 US Initial Jobless Claims
• 2030 US Core Retail Sales (MoM) (Sep)
• 2030 US Philadelphia Fed Manufacturing Index (Oct)
• 2030 US PPI (MoM) (Sep)
• 2030 US Retail Sales (MoM) (Sep)

17 Oct, Fri

• 0000 US Crude Oil Inventories
• 1700 Europe CPI (YoY) (Sep)
• 1700 Europe Core CPI (YoY) (Sep)
• 2030 US Building Permits (Sep)  
• 2030 US Housing Starts (MoM) (Sep)