US Markets 04 Nov 17

Dow, S&P and Nasdaq create a new historic high.  Russell continues to be resisted.  On the daily chart, Dow closed with a hanging man.  S&P and Nasdaq broke lhf.  Russell consolidating.

BDI and Harpex continue to pull back.

Dollar Index formed an inside day on the weekly chart.

This week will be a pretty quiet week with little data.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)

UT

• Nasdaq

Neutral

• None

DT

• None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT

• Dow
• Russell

Neutral

• None

DT

• None

Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average

Dow

Daily UT, Weekly UT
Potential resistance around 24,847

Potential support around 23,435, 23,175, 22,777, 22,717, TLU11, 22,409

S&P
Daily UT, Weekly UT

Potential resistance around 2,748

Potential support around 2,576, TLU1, 2,512, 2,506, 2,480

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,983

Potential support around 6,261, 6,118, TLU3, 6,061, 5,952, 5,890

Russell
Daily UT, Weekly UT
Potential resistance around 1,519, 1,649
Potential support around 1,483, TLU1, 1,448, 1,419, 1,399, 1,389

Key event to watch out  (SG Time)

06 Nov, Mon

• 2300 CAD Canada Ivey PMI (Oct) 

07 Nov, Tue

• 1130 AUD Australia RBA Interest Rate Decision (Nov) 
• 2300 USD US JOLTs Job Openings (Sep)

08 Nov, Wed

• 2330 USD US Crude Oil Inventories 

09 Nov, Thu

• 0400 NZD New Zealand RBNZ Interest Rate Decision    

10 Nov, Fri

• 1730 GBP UK Manufacturing Production (MoM) (Sep)

Note: Due to service provider had migrated to a new platform, they had removed of the features that exist on the old platform.  I have checked with them and they have no intention to have those features anymore, this to omit those charts.