US Market At 24 February 2009


Market at 24 February 2009
DJIA
Open 7115.34 High 7378.97 Low 7114.30 Close 7350.94
NASDAQ
Open 1393.57 High 1445.07 Low 1395.11 Close 1441.83
S&P500
Open 744.69 High 775.49 Low 744.69 Close 773.14

December S&P/CaseShiller Home Price Index released lower than last release.
February Consumer Confidence released lower than last release and missed analyst expectation.
Bernanke's testimony to the Senate Banking Committee on the Fed semiannual report on monetary policy said that FED will force any effort to avoid big firm closing until it's save to do so. All effort made with tough supervision to make sure they restore their profitability.

24 February before market open, HD post a lower earning than last year earning but better than analyst estimate.

DJIA moved in positive area, passed resistance at 7325 then closed at 7350.94.
NASDAQ moved in positive area, passed resistance at 1430 then closed at 1441.83.
S&P500 moved in positive area, passed resistance at 765 then closed at 773.14.

Market at 25 February 2009
DJIA
Support at 7280, if this support break, DJI will move to 7180.
Resistance at 7450, if this resistance break, DJI will move to 7550.
NASDAQ
Support at 1425, if this support break, NASDAQ will move to 1410.
Resistance at 1460, if this resistance break, NASDAQ will move to 1475.
S&P500
Support at 765, if this support break, S&P500 will move to 755.
Resistance at 785, if this resistance break, S&P500 will move to 795.

Economic Data Release at 25 February 2009.
  • Semi Annual Bernanke Monetary Policy Report will be release at 10.00 ET.
  • January Existing Home Sales will be release at 10.00 ET.
  • 20 February Crude Inventories will be release at 10.00 ET.
Earning Report
24 February after market close, FSLR and WYNN released their earning report. FSLR earning was better than estimate and higher than last year earning. While WYNN earning missed analyst estimation and lower than last year earning.

Event
FED statement that they prefered tough supervision on C and BAC rather than nationalization option. Today auto maker will meet with white house task force to clear up their bail out proposals.

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