US Market At 12 February 2009


Market at 12 February 2009
DJIA
Open 7931.97 High 7938.82 Low 7693.98 Close 7932.76
NASDAQ
Open 1507.92 High 1542.51 Low 1495.34 Close 1541.71
S&P500
Open 829.91 High 835.48 Low 808.06 Close 835.19

7 February Initial Claims release lower than last release but missed analyst expectation.
January Retail Sales and Retail Sales ex-auto release higher than last release and recover to positive data reading.
December Business Inventories missed analyst estimation and lower than last month release.

12 February before market open, KO release their earning report. They post earning higher than last year earning and better than analyst estimation.

DJIA move in negative territory, held by support at 7700 and testing resistance at 8000 then close at 7932.76.
NASDAQ move in negative territory, held by support at 1500 and testing resistance at 1545 then close at 1541.71.
S&P500 move in negative territory, held by support at 815 and testing resistance at 825 then close at 835.19

Market at 13 February 2009
DJIA
Support at 7850, if this support break, DJI will move to 7775.
Resistance at 8000, if this resistance break, DJI will move to 8100.
NASDAQ
Support at 1525, if this support break, NASDAQ will move to 1510.
Resistance at 1560, if this resistance break, NASDAQ will move to 1575.
S&P500
Support at 825, if this support break, S&P500 will move to 815.
Resistance at 845, if this resistance break, S&P500 will move to 855.

Economic Data Release at 13 February 2009.

  • February Mich Sentiment-Prel will be release at 09.55 ET.

Earning Report

There are no earning might affect today market movement.

Event
Market wait for detail of stimulus plan announcement by lawmaker.

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