US Market At 26 January 2009


Market at 26 January 2009
DJIA
Open 8078.04 High 8231.68 Low 8023.16 Close 8116.03
NASDAQ
Open 1479.23 High 1514.38 Low 1470.81 Close 1489.46
S&P500
Open 832.50 High 852.53 Low 827.69 Close 836.57

Before market open, CAT, FCX, HAL, MCD and PFE release their earning report. CAT report earning lower than last year earning, missed analyst estimation and expect downsize guidance. FCX report earning much lower than last year earning but release a better earning from analyst estimation. While HAL, MCD and PFE report their earning higher than last year earning and beated analyst estimation. But still PFE expect a downsize guidance.

December Existing Home Sales and Leading Indicators release was better than analyst estimation and showing an increase result from last month release.

DJIA testing their resistance at 8275 and held by support at 7950 then close at 8116.03.
NASDAQ testing their resistance at 1530 and held by support at 1450 then close at 1489.46.
S&P500 testing their resistance at 850 and held by support at 825 then close at 836.57

Market at 27 January 2009
DJIA
Support at 8000, if this support break, DJI will move to 7900.
Resistance at 8225, if this resistance break, DJI will move to 8325.
NASDAQ
Support at 1470, if this support break, NASDAQ will move to 1450.
Resistance at 1510, if this resistance break, NASDAQ will move to 1535.
S&P500
Support at 825, if this support break, S&P500 will move to 815.
Resistance at 850, if this resistance break, S&P500 will move to 865.


Economic Data Release at 27 January 2009

  • November S&P/CaseShiller Composite will be release at 09.00 ET.
  • January Consumer Confidence will be release at 10.00 ET. Analyst estimate a better release than last month.
Earning Report
26 January 2009 after market closed, AMGN release their earning report better than last year earning but missed analyst estimation and expect a mixed guidance.
27 January 2009 before market open, DD, X and VZ will release their earning report. Analyst estimate that DD will report a negative earning, while X and VZ expected to release their report lower than last year earning.

Event
Market wait for FOMC meeting at 28 January 2009, market expect rate cut to 0%.
Positive sentiment move market higher, but still layoffs spread to more sectors of the economy.

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