US Market At 2 February 2009


Market at 2 February 2009
DJIA
Open 8000.62 High 8000.62 Low 7867.37 Close 7936.75
NASDAQ
Open 1462.67 High 1502.72 Low 1460.51 Close 1494.43
S&P500
Open 823.09 High 830.78 Low 812.87 Close 825.43


December Personal Income show improvement and better than analyst estimation, but still give negative reading.
Desember Personal Spending and Construction Spending release lower than last month release and missed analyst estimation.
January ISM Index release better than analyst estimation and growing from last release.

DJIA moving in negative territory, passed held at 7900 support then close at 7936.75.
NASDAQ testing resistance at 1510 then move back down ant held by support at 1460 then close at 1494.43.
S&P500 testing resistance at 835 then move back down ant held by support at 815 then close at 825.43

Market at 3 February 2009
DJIA
Support at 7850, if this support break, DJI will move to 7800.
Resistance at 8000, if this resistance break, DJI will move to 8050.
NASDAQ
Support at 1470, if this support break, NASDAQ will move to 1440.
Resistance at 1510, if this resistance break, NASDAQ will move to 1525.
S&P500
Support at 815, if this support break, S&P500 will move to 805.
Resistance at 835, if this resistance break, S&P500 will move to 840.


Economic Data Release at 3 February 2009

  • December Pending Home Sales will be release at 10.00 ET. Analyst expect a better release than last month.
  • January Auto Sales and Truck Sales will be release at 14.00 ET.

Earning Report
SNDK release their earning 2 February after market close, they post bigger loss than last year earning and missed analyst estimation. 3 February before market open, CME and MRK schedule to release their earning report, analyst estimate their earning will lower than last year earning.

Event
Market wait for senate agreement on Obama proposal to expand bailout fund on economic stimulus bill.

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