US Market At 29 January 2009


Market at 29 January 2009
DJIA
Open 8373.06 High 8373.14 Low 8137.94 Close 8149.01
NASDAQ
Open 1537.19 High 1537.84 Low 1505.70 Close 1507.84
S&P500
Open 868.89 High 868.89 Low 844.15 Close 845.14

All Economic data released today show a lower data than last release and missed analyst estimation. It make market move in negative teritory again after gaining yesterday.

29 January 2009 before market open, MMM, F, CELG, LLL and RTN release their earning report. MMM release a lower earning than last year earning but better than analyst estimate and expect mixed guidance. CELG earning release better than analyst estimate and higher than last year earning but they expect downside guidance. LLL and RTN earning release better than analyst estimate and higher than last year earning but still they expect mixed guidance. F earning release missed analyst estimation and lower than last year earning.

DJIA moving in negative territory, passed support at 8250 then close at 8149.01.
NASDAQ moving in negative territory, passed support at 1515 then close at 1507.84.
S&P500 moving in negative territory, passed support at 855 then close at 845.14

Market at 30 January 2009
DJIA
Support at 8050, if this support break, DJI will move to 7950.
Resistance at 8225, if this resistance break, DJI will move to 8300.
NASDAQ
Support at 1485, if this support break, NASDAQ will move to 1465.
Resistance at 1520, if this resistance break, NASDAQ will move to 1530.
S&P500
Support at 835, if this support break, S&P500 will move to 825.
Resistance at 860, if this resistance break, S&P500 will move to 875.


Economic Data Release at 30 January 2009

  • Q4 Chain Deflator-Adv and GDP-Adv will be release at 08.30 ET. Analyst estimate a lower release than Q3 release.
  • January 2009 Chicago PMI and Mich Sentiment-Rev will be release at 09.55 ET. Analyst expect that data release will stay at the same level as last month release.
  • Q4 Employment Cost Index will be release at 10.00 ET. Analyst expect that Q4 release will stay at the same level as Q3 release.

Earning Report
29 January 2009 after market closed, AMZN and BRCM release their earning report. AMZN earning release better than analyst estimate and higher than last year earning but still they expect mixed guidance. BRCM earning release missed analyst estimate, lower than last year earning and they also expect a downside guidance.
30 January 2009 before market open, CVX, XOM, HON and PG will release their earning report. Analyst estimate that HON and PG earning will be higher than last year earning,while CVX and XOM earning will be lower than last year earning.

Event
Market wait for senate agreement on Obama proposal to expand bailout fund on economic stimulus bill.

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