US Market At 18 February 2009


Market at 18 February 2009
DJIA
Open 7546.35 High 7617.76 Low 7479.97 Close 7555.63
NASDAQ
Open 1479.69 High 1487.92 Low 1454.46 Close 1467.97
S&P500
Open 791.06 High 796.17 Low 780.43 Close 788.42

January Housing Starts release lower than last month and missed analyst estimation. While January Building Permits release lower than last month but still meet analyst estimation.
January Export Prices ex-ag. and Import Prices ex-oil release an improved stat than last month release.
January Industrial Production and Capacity Utilization release a better data than last release but missed analyst estimation.
28 January 2009 FOMC Minutes said that FED doubt 2009 recovery and they assume recovery in US economic activity would begin in the third or fourth quarter of 2009 as the economy begins to respond to fiscal stimulus, relatively low energy prices, and continuing efforts to stabilize the financial sector and increase the availability of credit.

DJIA move in trading range, testing support at 7450 and resistance at 7650 then close at 7555.63.
NASDAQ move in trading range, testing support at 1450 and resistance at 1485 then close at 1467.97.
S&P500 move in trading range, testing support at 780 and resistance at 800 then close at 788.42.

Market at 19 February 2009
DJIA
Support at 7475, if this support break, DJI will move to 7400.
Resistance at 7625, if this resistance break, DJI will move to 7675.
NASDAQ
Support at 1450, if this support break, NASDAQ will move to 1435.
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 795, if this resistance break, S&P500 will move to 805.

Economic Data Release at 19 February 2009.
  • January Core PPI and PPI will be release at 08.30 ET. Analyst estimate a better stat than last month data release.
  • 14 February Initial Claims ex-oil will be release at 08.30 ET. Analyst estimate Claim data will be lower than last release.
  • January Leading Indicators will be release at 10.00 ET.
  • February Philadelphia Fed will be release at 10.00 ET.
  • 13 February 2009 Crude Inventories will be release at 11.00 ET.

Earning Report

18 February after market close, BIDU and HPQ release their earning higher than last year earning. HPQ meet analyst estimation while BIDU missed analyst estimation.
19 February before market open, APA and NBL will release their earning report. Analyst estimate a lower earning than last year earning.

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

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