Sunday, November 12, 2017

US Markets 11 Nov 17

This week COT data release is been delayed to 14 Nov (SGT) due to a Federal holiday.  Earliest available will be on 14 Nov late evening or 15 Nov morning.

US markets closed mixed.  
On the weekly chart, 
- Dow closed with a -roc outside day
- S&P broke higher but closed with a +roc doji. 
- Nasdaq broke higher but closed with -roc.
- Russell broke down from consolidation, tested TLU1 and rebounded.  If TLU1 unable next strong support will be around 1,451.

BDI and Harpex continue to go lower. 
BDI lower from 1,476 (03 Nov) to 1,464 (10 Nov)
Harpex lower from 473.83 (28 Oct) to 473.24 (04 Nov)
This is a norm when coming to year end.

Dollar Index directionless

Various countries will report CPI data.





Dow
Daily UT, Weekly UT
Potential resistance around 23,435, 24,847
Potential support around 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 6,347, 6,983
Potential support around 6,261, 6,118, TLU6, 6,061, 5,952, TLU3, 5,890

Russell
Daily UT, Weekly UT
Potential resistance around TLU1, 1,483, 1,519, 1,649
Potential support around 1,451,TLU2, 1,420, 1,401, 1,389


Key event to watch out  (SG Time)
13 Nov, Mon
  • No important data
14 Nov, Tue
  • 1000 CNY China Industrial Production (YoY) (Oct)
  • 1500 EUR German GDP (QoQ) (Q3) 
  • 1730 GBP UK CPI (YoY) (Oct)
  • 1800 EUR German ZEW Economic Sentiment (Nov) 
  • 1800 EUR Europe Gross Domestic Product s.a. (YoY)
  • 2130 USD US PPI (MoM) (Oct)
15 Nov, Wed 
  • 0750 JPY Japan GDP (QoQ) (Q3) 
  • 1730 GBP UK Average Earnings Index +Bonus (Sep) 
  • 1730 GBP UK Claimant Count Change (Oct)   
  • 2130 USD US Core CPI (MoM) (Oct)
  • 2130 USD US Core Retail Sales (MoM) (Oct) 
  • 2130 USD US Retail Sales (MoM) (Oct) 
  • 2330 USD US Crude Oil Inventories 
16 Nov, Thu
  • 0830 AUD Australia Employment Change (Oct) 
  • 1730 GBP UK Retail Sales (MoM) (Oct) 
  • 1800 EUR Europe CPI (YoY) (Oct)  
  • 2130 USD US Philadelphia Fed Manufacturing Index (Nov) 
17 Nov, Fri
  • 2130 USD US Building Permits (Oct)
  • 2130 CAD Canada Core CPI (MoM) (Oct)

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