US Markets 15 Nov 25

The US market closed mixed. While the Dow and S&P closed higher, the Nasdaq and Russell closed lower.

BDI did a reversal last week and continued to close higher from 2,104 (07 Nov) to 2,125 (14 Nov)

Harpex remained the same at 2,184 (14 Nov)

CDFI reversed to close lower from 1,155.45 (07 Nov) to 1,149.36 (14 Nov)

CCFI closed higher from 1,058.17 (07 Nov) to 1,094.03 (14 Nov)

The dollar index broke the previous week's low and closed lower.

Watch out for

• CPI, Manufacturing and Services PMI data from multiple countries

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

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 6,751, 6,987

Potential support around 6,516, 6,280, 6,045

Nasdaq
Daily UT, Weekly UT

Potential resistance around 25,766, 26,488

Potential support around 25,043, 24,321, 23,598

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

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

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

17 Nov, Mon

• 0750 Japan GDP (QoQ) (Q3)  
• 1800 Europe EU Economic Forecasts 
• 2130 US NY Empire State Manufacturing Index (Nov)
• 2130 Canada Core CPI (MoM) (Oct)
• 2130 Canada Core CPI (YoY) (Oct)

18 Nov, Tue

• 0830 Australia RBA Meeting Minutes
• 2115 US Industrial Production (MoM) (Oct)

19 Nov, Wed

• 1500 UK CPI (YoY) (Oct)
• 1800 Europe CPI (YoY) (Oct)
• 2130 US Building Permits (Sep)  
• 2330 US Crude Oil Inventories

20 Nov, Thu

• 0300 US FOMC Meeting Minutes
• 0900 China China Loan Prime Rate 5Y (Nov)
• 0915 China PBoC Loan Prime Rate
• 1500 Germany PPI (MoM) (Oct)
• 2130 US Initial Jobless Claims
• 2130 US Philadelphia Fed Manufacturing Index (Nov)
• 2300 US Existing Home Sales (Oct)

21 Nov, Fri

• 0730 Japan National Core CPI (YoY) (Oct)
• 0730 Japan National CPI (YoY) (Oct)
• 1500 UK Core Retail Sales (MoM) (Oct)
• 1500 UK Retail Sales (MoM) (Oct)
• 1630 Germany HCOB Manufacturing PMI (Nov)  
• 1630 Germany HCOB Services PMI (Nov)  
• 1700 Europe HCOB Manufacturing PMI (Nov)  
• 1700 Europe HCOB Services PMI (Nov)  
• 1730 UK S&P Global Manufacturing PMI (Nov)  
• 1730 UK S&P Global Services PMI (Nov)  
• 2130 Canada Core Retail Sales (MoM) (Sep)
• 2130 Canada Retail Sales (MoM) (Sep)
• 2245 US S&P Global Manufacturing PMI (Nov)  
• 2245 US S&P Global Services PMI (Nov)  
• 2300 US Michigan Consumer Sentiment (Nov)