US Market At 10 February 2009


Market at 10 February 2009
DJIA
Open 8269.36 High 8269.44 Low 7848.74 Close 7888.88
NASDAQ
Open 1577.87 High 1598.50 Low 1520.56 Close 1524.73
S&P500
Open 866.87 High 868.05 Low 822.99 Close 827.16

December Wholesale Inventories release lower than last month release and missed analyst estimate.

All index move in negative territory as market react negative after Treasury Secretary announced Economic Stimulus plans.
DJIA move down sharply and held by support at 7850 then close at 7888.88
NASDAQ move down sharply and held by support at 1520 then close at 1524.73
S&P500 move down sharply and held by support at 820 then close at 827.16

Market at 11 February 2009
DJIA
Support at 7725, if this support break, DJI will move to 7575.
Resistance at 8000, if this resistance break, DJI will move to 8150.
NASDAQ
Support at 1500, if this support break, NASDAQ will move to 1470.
Resistance at 1550, if this resistance break, NASDAQ will move to 1575.
S&P500
Support at 810, if this support break, S&P500 will move to 795.
Resistance at 840, if this resistance break, S&P500 will move to 855.

Economic Data Release at 11 February 2009

  • December Trade Balance will be release at 08.30 ET. Analyst estimate a lower deficit from last month release.
  • 6 February Crude Inventories will be release at 10.30 ET.
  • January Monthly Budget Statement will be release at 14.00 ET. Analyst estimate a deficit on statement.
Earning Report
There are no earning might affect today market movement.

Event
US Senate already agree on Economic Stimulus proposal with a vote to pass it. But market skeptic about the stimulus plan announcement by Treasury Secretary.

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