US Markets 22 Nov 25

The US market broke the previous week's low and closed lower. The trend of Russell turned down.

BDI continued to close higher from 2,125 (14 Nov) to 2,275 (21 Nov)

Harpex remained the same at 2,184 (21 Nov)

CDFI reversed to close higher from 1,149.36 (14 Nov) to 1,181.54 (21 Nov)

CCFI closed higher from 1,094.03 (14 Nov) to 1,122.79 (21 Nov)

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

Watch out for

• US short trading week.
• GDP data from multiple countries

The release of the COT data has resumed. They are clearing the backlog due to the US government shutdown.  There will be no COT update till the released data is up to date.

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 24,321, 25,043, 25,766

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

Russell
Daily Neutral, 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)

24 Nov, Mon

• Japan on holiday

25 Nov, Tue

• 1500 Germany GDP (QoQ) (Q3)
• 2130 US Core Retail Sales (MoM) (Sep)
• 2130 US Retail Sales (MoM) (Sep)
• 2130 US PPI (MoM) (Sep)
• 2300 US CB Consumer Confidence (Nov)

26 Nov, Wed

• 0830 Australia CPI (QoQ) (Oct)
• 0900 New Zealand RBNZ Interest Rate Decision
• 1800 UK Autumn Forecast Statement 
• 2130 US Building Permits (Sep) 
• 2130 US Durable Goods Orders (MoM) (Sep)  
• 2130 US GDP (QoQ) (Q3)  
• 2130 US Initial Jobless Claims
• 2300 US Core PCE Price Index (MoM) (Sep)
• 2300 US New Home Sales (Sep)
• 2330 US Crude Oil Inventories

27 Nov, Thu

• US on holiday

28 Nov, Fri

• US on holiday (Early close)
• 1655 Germany Unemployment Rate (Nov)
• 2100 Germany CPI (MoM) (Nov) 
• 2130 Canada GDP (YoY) (Q3)