US Market At 28 January 2009


Market at 28 January 2009
DJIA
Open 8175.93 High 8405.87 Low 8175.93 Close 8375.45
NASDAQ
Open 1532.52 High 1568.33 Low 1530.03 Close 1558.34
S&P500
Open 845.73 High 877.86 Low 845.73 Close 874.09

The FOMC meeting release their policy to moving closer and continue the market intervention with buying long-term Treasuries and expanding its $600 billion program to buy home-finance debt. They also warn the risk of deflation addressed worsening economic condition.
Meanwhile Crude Inventories release rose 6.2 million barrels, double the average of analyst estimation.

28 January 2009 before market open, T, BA, BEN, HES and WFC release their earning report. All release showed lower earning than last year and missed analyst estimation.

DJIA moving in positive teritory, passed resistance at 8300 then close at 8375.45.
NASDAQ moving in positive teritory, passed resistance at 1525 then close at 1558.34.
S&P500 moving in positive teritory, passed resistance at 860 then close at 874.09

Market at 29 January 2009
DJIA
Support at 8300, if this support break, DJI will move to 8250.
Resistance at 8450, if this resistance break, DJI will move to 8550.
NASDAQ
Support at 1535, if this support break, NASDAQ will move to 1515.
Resistance at 1575, if this resistance break, NASDAQ will move to 1590.
S&P500
Support at 855, if this support break, S&P500 will move to 835.
Resistance at 885, if this resistance break, S&P500 will move to 900.


Economic Data Release at 29 January 2009

  • December Durable Orders will be release at 08.30 ET. Analyst estimate a lower release than last month.
  • 23 January Initial Claims will be release at 08.30 ET. Analyst estimate a better data release than last month.
  • December New Home Sales will release the FED rate at 10.00 ET. Analyst estimate a better data release than last month.

Earning Report
28 January 2009 after market closed, QCOM and SBUX release their earning report missed analyst estimation and lower than last year earning.
29 January 2009 before market open, F, CELG, LLL and RTN will release their earning report. Analyst estimate that CELG, LLL AND RTN earning will be higher than las year earning,while F earning will be lower than last year earning.

Event
Market wait for senate agreement on Obama proposal to expand bailout fund on economic stimulus bill.

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