US Market At 20 January 2009


Market at 20 January 2009
DJIA
Open 8279.63 High 8291.98 Low 7939.93 Close 7949.09
NASDAQ
Open 1518.07 High 1521.85 Low 1440.86 Close 1440.86
S&P500
Open 849.64 High 849.64 Low 804.47 Close 805.22

Presidential Inauguration didn't make market move up, market still concern on financial sector deep trouble. Market worried and speculate about C, BAC, HBC, WFC and RBS.

All Index moved to negative teritory as market worried about financial sector condition that led by new doubts about the health of major banks.

Market at 21 January 2009
DJIA
Support at 7800, if this support break, DJI will move to 7700.
Resistance at 8050, if this resistance break, DJI will move to 8175.
NASDAQ
Support at 1400, if this support break, NASDAQ will move to 1385.
Resistance at 1500, if this resistance break, NASDAQ will move to 1550.
S&P500
Support at 790, if this support break, S&P500 will move to 775.
Resistance at 835, if this resistance break, S&P500 will move to 860.

Economic Data Release at 21 January 2009
There is no Economic Data Release today.

Earning Report
IBM post a better than estimate earning at $3.28 and release a good guidance, that make IBM after market price up $3.32 and most likely to moke IBM share move up. FCX and BLK will release their earning report before market open, analyst estimate their earning is lower than last year earning.

Event
Market start to speculate for FOMC meeting next week, some said that rate will move to 0%. Market also concern about fact that financial sector still in deep trouble.

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