US Market At 27 January 2009


Market at 27 January 2009
DJIA
Open 8117.39 High 8225.79 Low 8083.14 Close 8174.73
NASDAQ
Open 1496.90 High 1513.21 Low 1488.81 Close 1504.90
S&P500
Open 837.30 High 850.45 Low 835.40 Close 845.71

November S&P/CaseShiller Composite release lower than last release but meet analyst estimation.
January Consumer Confidence release lower than last release and missed analyst estimation.

27 January 2009 before market open, DD, X and VZ will release their earning report. DD release lower earning than last year and missed analyst estimation. X earning release surprised analyst estimation and increase from last year earning. VZ release their report lower than last year earning but still meet analyst estimation.

DJIA moving in trading range between support at 8000 and resistance at 8250 then close at 8174.73.
NASDAQ moving in trading range between support at 1490 and resistance at 1515 then close at 1504.90.
S&P500 moving in trading range between support at 835 and resistance at 850 then close at 845.71

Market at 28 January 2009
DJIA
Support at 8100, if this support break, DJI will move to 8000.
Resistance at 8250, if this resistance break, DJI will move to 8300.
NASDAQ
Support at 1490, if this support break, NASDAQ will move to 1475.
Resistance at 1515, if this resistance break, NASDAQ will move to 1525.
S&P500
Support at 835, if this support break, S&P500 will move to 825.
Resistance at 850, if this resistance break, S&P500 will move to 860.


Economic Data Release at 28 January 2009

  • 23 January Crude Inventories will be release at 10.30 ET.
  • FOMC Meeting will release the FED rate at 14.15 ET.

Earning Report
27 January 2009 after market closed, YHOO release their earning report better than analyst estimation and higher than last year earning, they expect a mixed guidance.
28 January 2009 before market open, T, BA, BEN, HES and WFC will release their earning report. Analyst estimate that their earning will be lower than last year earning.

Event
Market wait for FOMC meeting at 28 January 2009, market expect rate cut to 0%.
Watch for break out at today market, there is a pennant formation since 3 day ago.

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