US Market At 17 February 2009


Market at 17 February 2009
DJIA
Open 7845.63 High 7845.63 Low 7551.01 Close 7552.60
NASDAQ
Open 1492.32 High 1492.82 Low 1467.79 Close 1470.66
S&P500
Open 818.61 High 818.61 Low 789.17 Close 789.17

February Empire State Mfg release lower than last release and missed analyst estimation.
December Net Long-Term TIC Flows release better than analyst estimation and higher than last release.

17 February 2009 before market open, RIG and WMT release their earning report. RIG post higher earning than last year earning but missed analyst estimation. While WMT release lower earning than last year but better than analyst estimate.

DJIA move in negative area since market open, held and moving in trading range at 7550 support and close at 7552.60.
NASDAQ opened gap down, held and moving in trading range at 1470 support and 1490 resistance, then close at 1470.66.
S&P500 move in negative area since market open, held and moving in trading range at 790 support and close at 789.17

Market at 18 February 2009
DJIA
Support at 7450, if this support break, DJI will move to 7350.
Resistance at 7650, if this resistance break, DJI will move to 7750.
NASDAQ
Support at 1460, if this support break, NASDAQ will move to 1450.
Resistance at 1485, if this resistance break, NASDAQ will move to 1500.
S&P500
Support at 780, if this support break, S&P500 will move to 770.
Resistance at 810, if this resistance break, S&P500 will move to 830.

Economic Data Release at 18 February 2009.

  • January Housing Starts and Building Permits will be release at 08.30 ET. Analyst estimate a lower stat than last month data release.
  • January Export Prices ex-ag. and Import Prices ex-oil will be release at 08.30 ET.
  • January Industrial Production and Capacity Utilization will be release at 09.15 ET. Analyst estimate a better data to be release.
  • 28 January 2009 FOMC Minutes will be release at 14.00 ET.

Earning Report

There are no earning might affect today market movement.

Event
Market wait Obama administrative to announce automaker restructuring plan, through a life line or chapter 11 bankruptcy ?

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