US Market At 22 January 2009


Market at 22 January 2009
DJIA
Open 8224.43 High 8224.83 Low 7957.14 Close 8122.80
NASDAQ
Open 1469.04 High 1492.47 Low 1444.08 Close 1465.49
S&P500
Open 839.74 High 839.74 Low 811.29 Close 827.50

LMT post a better than estimate and beat last year result, they also release a mixed guidance for next quarter earning.
POT post a better than estimate and beat last year result, but give a downside guidance for next earning.
MSFT post a lower earning than last year earning and missed analyst estimation.
UNP post a better than estimate but still lower than last year result and no guidance release.

DJIA move to negative teritory and held by support at 8000, then they rebound to resistance 8200 and close at 8122.80.
NASDAQ move to negative teritory and held by support at 1445, they rebound to resistance 1485 and close at 1465.49.
S&P500 move to negative teritory and held by support at 815, they rebound to resistance 840 and close at 827.50

Market at 23 January 2009
DJIA
Support at 7975, if this support break, DJI will move to 7850.
Resistance at 8250, if this resistance break, DJI will move to 8350.
NASDAQ
Support at 1440, if this support break, NASDAQ will move to 1420.
Resistance at 1490, if this resistance break, NASDAQ will move to 1520.
S&P500
Support at 810, if this support break, S&P500 will move to 795.
Resistance at 840, if this resistance break, S&P500 will move to 855.

Economic Data Release at 23 January 2009
There is no Economic Data Release today.

Earning Report
AMD, GOOG and ISRG release their earning report after market close 22 January 2009.
AMD post a lower earning than last year earning and missed analyst estimation.
GOOG post a better than analyst estimate and beat last year earning, GOOG share move up 1.5% after market close.
ISRG posted earning better than last year earning and met analyst estimation.
While GE and SLB will release their earning report before market open at 23 January 2009, Analyst estimate their earning will be lower than last year earning.

Event
Market wait for FOMC meeting at 27 January 2009, market expect rate cut to 0%.

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