US Market At 19 February 2009


Market at 19 February 2009
DJIA
Open 7555.23 High 7614.97 Low 7447.55 Close 7465.95
NASDAQ
Open 1480.84 High 1485.14 Low 1442.53 Close 1442.82
S&P500
Open 787.91 High 797.58 Low 777.03 Close 778.94

January Core PPI and PPI released higher than last release and higher than analyst estimation, January Leading Indicators also released higher than last release. These raised concern in inflation thread.
14 February Initial Claims released at the same level as last release and missed analyst estimation.
February Philadelphia Fed released lower than last release and missed analyst estimation.
13 February 2009 Crude Inventories decrease unexpectedly by 138.ooo barrel and drive oil price to move higher.

19 February before market open, APA and NBL released their earning report. APA post a lower earning than last year earning and missed analyst estimation, while NBL also post a lower earning than last year earning but surprised analyst estimation.

DJIA move in negative area, from resistance at 7600 and testing strong support at 7450 then close at 7465.95.
NASDAQ move in negative area, from resistance at 1485 and testing strong support at 1450 then close at 1442.82.
S&P500 move in negative area, from resistance at 795 and testing strong support at 780 then close at 778.94.

Market at 20 February 2009
DJIA
Support at 7400, if this support break, DJI will move to 7340.
Resistance at 7570, if this resistance break, DJI will move to 7675.
NASDAQ
Support at 1430, if this support break, NASDAQ will move to 1415.
Resistance at 1455, if this resistance break, NASDAQ will move to 1470.
S&P500
Support at 770, if this support break, S&P500 will move to 765.
Resistance at 785, if this resistance break, S&P500 will move to 790.

Economic Data Release at 20 February 2009.
  • January Core CPI and CPI will be release at 08.30 ET. Analyst estimate Core CPI will stay at the same level as last release while CPI expected to rise as Core PPI and PPI rise yesterday.

Earning Report

There are no earning might affect today market movement.

Event
Market already react as uncertainty in automaker restructuring plan, Wall Street move down to their new support at 7000 ?

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