US Market At 2 March 2009


Market at 2 March 2009
DJIA
Open 7056.48 High 7058.95 Low 6755.17 Close 6763.29
NASDAQ
Open 1356.13 High 1372.00 Low 1322.13 Close 1322.85
S&P500
Open 729.57 High 729.57 Low 699.70 Close 700.82

January Personal Income and January Personal Spending released higher than last release and beat analyst estimation.
January Core PCE released higher than last release and beat analyst estimation.
January Construction Spending released lower than last release and missed analyst estimation.
February ISM Index released at the same level as last release.

2 March before market open, AIG released their earning report. AIG posted bigger losses than last year earning and missed analyst estimate by a big number. AIG earning make all index drawn down.

DJIA passed their support at 6935 then closed at 6763.29.
NASDAQ passed their support at 1355 then closed at 1322.85.
S&P500 passed their support at 720 then closed at 700.82.

Market at 3 March 2009
DJIA
Support at 6650, if this support break, DJI will move to 6550.
Resistance at 6850, if this resistance break, DJI will move to 6950.
NASDAQ
Support at 1305, if this support break, NASDAQ will move to 1290.
Resistance at 1340, if this resistance break, NASDAQ will move to 1355.
S&P500
Support at 690, if this support break, S&P500 will move to 680.
Resistance at 710, if this resistance break, S&P500 will move to 720.

Economic Data Release at 3 March 2009.
  • January Pending Home Sales will be release at 10.00 ET.
  • February Auto Sales and February Truck Sales will be release at 14.00 ET.
Earning Report
3 March before market open, AZO will release their earning report. Analyst estimate their earning higher than last year earning.

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