US Market At 11 February 2009


Market at 11 February 2009
DJIA
Open 7887.05 High 7983.74 Low 7852.16 Close 7939.53
NASDAQ
Open 1529.63 High 1542.84 Low 1509.35 Close 1530.50
S&P500
Open 827.41 High 838.22 Low 822.30 Close 833.74

December Trade Balance release a better deficit than last month release but missed analyst estimation.
6 February Crude Inventories release an increasing inventories than last release, it indicate energy consumption decreasing.
January Monthly Budget Statement release deficit on treasury budget and higher decrease than analyst estimate.

DJIA move mixed testing resistance at 8000 and held by support at 7850 then close at 7939.53.
NASDAQ move mixed testing resistance at 1550 and held by support at 1500 then close at 1530.50.
S&P500 move mixed testing resistance at 840 and held by support at 810 then close at 833.74

Market at 12 February 2009
DJIA
Support at 7860, if this support break, DJI will move to 7800.
Resistance at 8000, if this resistance break, DJI will move to 8050.
NASDAQ
Support at 1510, if this support break, NASDAQ will move to 1490.
Resistance at 1545, if this resistance break, NASDAQ will move to 1560.
S&P500
Support at 825, if this support break, S&P500 will move to 815.
Resistance at 840, if this resistance break, S&P500 will move to 850.

Economic Data Release at 12 February 2009

  • 7 February Initial Claims will be release at 08.30 ET. Analyst expect a lower claim than last release.
  • January Retail Sales and Retail Sales ex-auto will be release at 08.30 ET. Analyst estimate a better sales than last month release but still on negative data reading.
  • December Business Inventories will be release at 10.00 ET. Analyst estimate that release will equal to last month release.
Earning Report
12 February 2009 before market open, KO will release their earning report. Analyst estimate KO earning will be higher than last year earning.

Event
Market wait for detail of stimulus plan discussion between White House and Senate.

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