US Market At 27 February 2009


Market at 27 February 2009
DJIA
Open 7180.97 High 7195.46 Low 7033.62 Close 7062.93
NASDAQ
Open 1371.53 High 1401.97 Low 1372.42 Close 1377.84
S&P500
Open 749.93 High 751.27 Low 734.52 Close 735.09

Q4 GDP-Prel. released lower than last release while Chain Deflator-Prel. released higher.
February Chicago PMI released higher than last release, while February Mich Sentiment-Rev released at the same level as last release.

DJIA opened down to support at 7025, pulled up to testing resistance at 7250 and moved back to support at 7025 then closed at 7062.93.
NASDAQ opened down to support at 1375, pulled up to testing resistance at 1410 and moved back to support at 1375 then closed at 1377.84.
S&P500 opened down to support at 730, pulled up to testing resistance at 750 and moved back to support at 730 then closed at 735.09.

Market at 2 March 2009
DJIA
Support at 7000, if this support break, DJI will move to 6935.
Resistance at 7150, if this resistance break, DJI will move to 7250.
NASDAQ
Support at 1365, if this support break, NASDAQ will move to 1355.
Resistance at 1395, if this resistance break, NASDAQ will move to 1415.
S&P500
Support at 730, if this support break, S&P500 will move to 720.
Resistance at 745, if this resistance break, S&P500 will move to 755.

Economic Data Release at 2 March 2009.
  • January Personal Income and January Personal Spending will be release at 08.30 ET. Analyst expect income data will be lower and spending will be higher than last release.
  • January Core PCE will be release at 08.30 ET. Analyst expect data release at the same level as last release.
  • January Construction Spending will be release at 10.00 ET. Analyst expect data release at the same level as last release.
  • February ISM Index will be release at 10.00 ET. Analyst expect a lower release than last release
Earning Report
2 March before market open, FNM will release their earning report. Analyst estimate a lower earning than last year earning.

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