US Market At 13 January 2009



Market at 13 January 2009

DJIA

Open 8,474.61 High 8,522.08 Low 8,376.88 Close 8,448.56

NASDAQ

Open 1,535.15 High 1,557.95 Low 1,527.47 Close 1,546.46

S&P500
Open 869.79 High 877.02 Low 862.02 Close 871.79


November Trade Balance post a better report than last report and beat analyst estimation. December Treasury Budget report a bigger decrease than last report, but still meet analyst estimation.

  • DJIA move on negative teritory, passed support at 8400 but held by next support at 8300.
  • NASDAQ move on positive teritory, testing resistance at 1560, then move down and held by support at 1520. NASDAQ closed in positive area at 1546.46.
  • S&P500 move on positive teritory, try to test resistance at 885, then move down and held by support at 860. S&P500 closed in positive area at 871.79.


Market at 14 January 2009
DJIA

Support at 8375, if this support break, DJI will move to 8300. DJI Resistance at 8525, if this resistance break, DJI will move to 8600.

NASDAQ

Support at 1530, if this support break, COMP will move to 1515. COMP Resistance at 1560, if this resistance break, DJI will move to 1575.

S&P500

Support at 865, if this support break, SPX will move to 855. SPX Resistance at 880, if this resistance break, SPX will move to 885.


Economic Data Release at 14 January 2009

  • December Export Prices ex-ag. and Import Prices ex-oil will be release at 8.30 ET.
  • December Retail Sales and Retail Sales ex-auto will be release at 8.30 ET, analyst expect a better sales than last report.
  • November Business Inventories will be release at 10.00 ET, analyst expect a improvement from last report.
  • 9 January 2009 Crude Inventories stock will be release at 10.30 ET.
  • Fed Beige Book will be release at 14.00 ET.


Earning Report
There is no earning report that can effect index movement.

Event

Market wait for result of stimulus package discussion by Obama and Congress. Market also wait for FED Beige Book release to know main issue in the next FOMC Meeting.

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