US Market At 26 February 2009


Market at 26 February 2009
DJIA
Open 7269.06 High 7402.31 Low 7173.56 Close 7182.08
NASDAQ
Open 1438.37 High 1444.83 Low 1391.47 Close 1391.47
S&P500
Open 765.76 High 779.42 Low 751.75 Close 752.83

January Durable Goods Orders and Durables, Ex-Tran released a lower data than last release.
21 February Initial Claims released higher than last release.
January New Home Sales released lower than last release.
All economic data release indicate manufacture, employment and housing still contracting.

26 February before market open, GM released their earning report. GM posted losses compare with last year earning and the losses bigger than analyst estimate.

DJIA moved testing resistance at 7400 and moved down held by support at 7150 then closed at 7182.08.
NASDAQ moved testing resistance at 1450 and moved down held by support at 1400 then closed at 1391.47.
S&P500 moved testing resistance at 780 and moved down held by support at 750 then closed at 752.83.

Market at 27 February 2009
DJIA
Support at 7100, if this support break, DJI will move to 7025.
Resistance at 7250, if this resistance break, DJI will move to 7325.
NASDAQ
Support at 1375, if this support break, NASDAQ will move to 1355.
Resistance at 1410, if this resistance break, NASDAQ will move to 1425.
S&P500
Support at 740, if this support break, S&P500 will move to 730.
Resistance at 760, if this resistance break, S&P500 will move to 770.

Economic Data Release at 27 February 2009.
  • Q4 GDP-Prel. and Chain Deflator-Prel. will be release at 08.30 ET.
  • February Chicago PMI will be release at 09.45 ET.
  • February Mich Sentiment-Rev will be release at 10.00 ET.
Earning Report
26 February after market close, ADSK and DELL released their earning report. ADSK release their earning better than analyst estimation but still lower than last year earning . While DELL release a lower earning than last year earning and missed analyst estimation.

Events
White House details to overhaul of the medical system made market more concern on health-care profits. It offset rallies in banks which spurred by administrative request for more financial-rescue funds.

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