US Market at 20 February 2009

Market at 20 February 2009
DJIA
Open 7461.49 High 7469.29 Low 7249.47 Close 7365.67
NASDAQ
Open 1429.68 High 1454.39 Low 1416.96 Close 1441.23
S&P500
Open 775.87 High 778.69 Low 754.25 Close 770.05

January Core CPI and CPI released higher than last mont release and top analyst estimation.

DJIA move in negative area, testing major support at 7250 and up again to resistance at 7450 then close at 7365.67.
NASDAQ move in negative area, testing support at 1415 and up again to resistance at 1455 then close at 1441.23.
S&P500 move in negative area, testing support at 755 and up again to resistance at 785 then close at 770.05.


Market at 23 February 2009
DJIA
Support at 7250, if this support break, DJI will move to 7150.
Resistance at 7475, if this resistance break, DJI will move to 7575.
NASDAQ
Support at 1420, if this support break, NASDAQ will move to 1400.
Resistance at 1460, if this resistance break, NASDAQ will move to 1475.
S&P500
Support at 755, if this support break, S&P500 will move to 745.
Resistance at 780, if this resistance break, S&P500 will move to 790.

Economic Data Release at 23 February 2009.
There are no Economic data release today.

Earning Report
There are no earning might affect today market movement.

Event
Market react on statement that US Government will nationalize C and BAC in order to save financial sector. Main concern in market is where will DJI find it's support ? at 7250 or deeper on 6700 ?

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