US Markets 18 Oct 25

The US market closed lower. The Dow, S&P and Nasdaq closed with an inside day on the weekly chart.

BDI continued to close higher from 1,936 (10 Oct) to 2,069 (17 Oct)

Harpex closed lower from 2,191 (10 Oct) to 2,185 (17 Oct)

CDFI reversed to close higher from 1,116.68 (10 Oct) to 1,167.52 (17 Oct)

CCFI closed lower from 1,014.78 (10 Oct) to 973.11 (17 Oct)

The dollar index closed lower with an inside day on the weekly chart.

Watch out for

• China GDP
• Manufacturing PMI, Services PMI and CPI data from multiple countries

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

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

Potential support around 46,144, 44,014, 41,884

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 25,043, 25,766

Potential support around 24,321, 23,598, 22,876,

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

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

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

20 Oct, Mon

• 0915 China PBoC Loan Prime Rate
• 1000 China GDP (YoY) (Q3)
• 1000 China Industrial Production (YoY) (Sep)

21 Oct, Tue

• 2030 Canada Core CPI (MoM) (Sep)
• 2030 Canada CPI (MoM) (Sep)

22 Oct, Wed

• 1400 UK CPI (YoY) (Sep)
• 2230 US Crude Oil Inventories

23 Oct, Thu

• 2030 US Initial Jobless Claims
• 2030 Canada Core Retail Sales (MoM) (Aug)
• 2030 Canada Retail Sales (MoM) (Aug)
• 2200 US Existing Home Sales (Sep)

24 Oct, Fri

• 0730 Japan National Core CPI (YoY) (Sep)
• 0730 Japan National CPI (YoY) (Sep)
• 1400 UK Core Retail Sales (YoY) (Sep)
• 1400 UK Retail Sales (YoY) (Sep)
• 1530 Germany HCOB Manufacturing PMI (Oct) 
• 1530 Germany HCOB Services PMI (Oct) 
• 1600 Europe HCOB Manufacturing PMI (Oct) 
• 1600 Europe HCOB Services PMI (Oct) 
• 1630 UK S&P Global Manufacturing PMI (Oct)  
• 1630 UK S&P Global Services PMI (Oct)  
• 2030 US Core CPI (MoM) (Sep)
• 2030 US CPI (MoM) (Sep)
• 2145 US S&P Global Manufacturing PMI (Oct)  
• 2145 US S&P Global Services PMI (Oct) 
• 2200 US Michigan Consumer Sentiment (Oct)
• 2200 US New Home Sales (Sep)