US Market At 23 January 2009


Market at 23 January 2009
DJIA
Open 8108.70 High 8152.50 Low 7909.00 Close 8077.50
NASDAQ
Open 1441.50 High 1495.20 Low 1434.00 Close 1477.20
S&P500
Open 822.16 High 838.61 Low 806.07 Close 831.95


23 January 2009 after market close, GE and SLB release their earning report. GE report earning at $0.37, inline with analyst estimation, but fall from last year earning. While SLB report their earning lower than last year earning and missed analyst estimation.

DJIA move to negative teritory and held by support at 7850, then they rebound to resistance 8150 and close at 8077.50.
NASDAQ move to negative teritory and held by support at 1440, they rebound to resistance 1490 and close at 1477.20.
S&P500 move to negative teritory and held by support at 810, they rebound to resistance 840 and close at 831.95


Market at 26 January 2009
DJIA
Support at 7950, if this support break, DJI will move to 7800.
Resistance at 8175, if this resistance break, DJI will move to 8275.
NASDAQ
Support at 1450, if this support break, NASDAQ will move to 1400.
Resistance at 1500, if this resistance break, NASDAQ will move to 1530.
S&P500
Support at 810, if this support break, S&P500 will move to 790.
Resistance at 850, if this resistance break, S&P500 will move to 860.

Economic Data Release at 26 January 2009

  • December Existing Home Sales will be release at 10.00 ET. Analyst estimate that release is lower than last release.
  • December Leading Indicators will be release at 10.00 ET. Analyst estimate a mixed estimation between a higher and lower data.
Earning Report
26 January 2009 before market open, CAT, FCX, HAL and MCD will release their earning. Analyst estimate that CAT and HAL earning is lower than last year earning. MCD earning expect to be higher than last year earning, while analyst estimate that FCX will post a significant decrease on their earning.
CAT and MCD earning report will give a significant effect on market movement today.

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

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