US Market At 15 January 2009


Market at 15 January 2009
DJIA
Open 8196.24 High 8286.16 Low 7995.13 Close 8212.49
NASDAQ
Open 1485.66 High 1521.58 Low 1456.72 Close 1511.84
S&P500
Open 841.99 High 851.59 Low 817.04 Close 843.7

December PPI better than last month result but missed analyst estimation and Core PPI release a better than analyst estimate. Producer price level already show a sign of recovery.
10 January 2009 Initial Claim missed analyst estimation and show that unemployment rate still high. Market reacted on this release and bring all index down.
January Empire Manufacturing Index and Philadelphia Fed release a good result rather than last month.

DJIA move to negative teritory and held by support at 7950, DJIA rebounded and closed at 8212.49.
NASDAQ move to negative teritory and held by support at 1450. Then they rebounded and close in positive teritory at 1511.84
S&P500 move to negative teritory and held by support at 820, but they rebounded back and close at 843.7.

Market at 16 January 2009
DJIA
Support at 8050, if this support break, DJI will move to 7875.
Resistance at 8350, if this resistance break, DJI will move to 8450.
NASDAQ
Support at 1470, if this support break, NASDAQ will move to 1430.
Resistance at 1540, if this resistance break, NASDAQ will move to 1560.
S&P500
Support at 823, if this support break, S&P500 will move to 800.
Resistance at 860, if this resistance break, S&P500 will move to 870.

Economic Data Release at 16 January 2009

  • December CPI and Core CPI will be release at 8.30 ET. Analyst expect Core PPI at the same level as last report while PPI estimate to give a better report.
  • December Industrial Production and Capacity Utilization will be release at 9.15 ET. Analyst estimate that release will show a decrease result than last report. Let's hope that release doesn't missed analyst estimation, otherwise index will fall again.
  • January Mich Sentiment-Prel will be release at 9.55 ET.
Earning Report
15 January 2009 after market close, INTC release their earning report at $0.04, inline with analyst estimation, but fall from last year earning.
16 January 2009 before market open, C and BAC will release their earning, analyst estimate that their earning is better than last year earning.
C and BAC earning report will give a significant effect on market movement today.

Event
BAC and C earning report will give sentiment to market movement. Market also wait for Consumer price level and Industrial data release to analyze either consumer and industrial sector sink deeper in crisis or showing a sign of recovery.

Comments

Post a Comment

Popular posts from this blog

US Market at 2 Desember 2009

Image
Market at 2 December 2009 DJIA Open 10470.44 High 10513.52 Low 10421.47 Close 10452.68 NASDAQ Open 2178.80 High 2198.55 Low 2177.82 Close 2185.03 S&P500 Open 1109.03 High 1115.58 Low 1105.29 Close 1109.24 November Challenger Job Cuts released a lower release than last release. November ADP Employment Report released a better release than last release, but still in negative reading. 27 November Crude Inventories released a higher inventories than last release. November Fed Beige Book released that U.S. economy is improving modestly with little upward pressure on wages and finished goods despite commodity price gains. Commercial real estate and construction ran counter to the trend of moderate pickup.While jobs markets remained weak but were stabilizing and showing improvement. The Fed held benchmark interest rates at close to zero and promised to keep rates low to support a weak recovery likely to be held back by persistently high unemployment. DJIA moved testing resistance at 10535...
Read more

Citigroup Q1 better than estimate, oil getting higher

Image
Global Market Citigroup Inc. posted a $5.11 billion loss, less than analysts' estimates, and cut 9,000 jobs, it sending their shares higher and sparking a rally in U.S. stocks and the dollar. Citigroup reported $16 billion of writedowns and increased loan reserves as customers fell behind on home, car and credit-card payments. Their net loss of $1.02 a share compared with an estimate of $1.66 by analyst. Citigroup climbed $1.08 to $25.11. The Standard & Poor's 500 Index rose 1.8 percent and the dollar gained against the euro. Revenue fell to $13.2 billion, compared with analyst estimate of $11.1 billion. While the writedowns stuck their trading and investment-banking division revenue climbed in both the consumer and wealth-management businesses. The company benefited from a $633 million gain on its stake in Visa Inc., which make an initial stock offering and a $663 million gain on the sale of shares in Redecard SA. Citigroup set about $1.8 billion as reserves for bad consu...
Read more

US Market at 24 March 2010

Image
Market at 24 March 2010 DJIA Open 10887.62 High 10887.84 Low 10825.42 Close 10836.15 NASDAQ Open 2406.55 High 2408.64 Low 2396.92 Close 2398.76 S&P500 Open 1172.70 High 1173.04 Low 1166.01 Close 1167.72 February Durable Orders released a lower order than last release, while February Durable Orders ex Auto released a higher order than last release. February New Home Sales released a lower sales than last release. 20 March Crude Inventories released a higher inventories than last release. 24 March 2010 before market open, LEN released their earning report. They released their earning higher than last year earning and better than analyst estimation. DJIA moved in trading range between support at 10815 and resistance at 10925 then closed at 10836.15. NASDAQ moved in trading range between support at 2380 and resistance at 2410 then closed at 2398.76. S&P500 moved in trading range between support at 1165 and resistance at 1175 then closed at 1167.72. Market at 25 March 2010 DJIA Supp...
Read more