US Market At 3 February 2009


Market at 3 February 2009
DJIA
Open 7936.99 High 8111.57 Low 7905.52 Close 8078.36
NASDAQ
Open 1499.07 High 1521.21 Low 1479.42 Close 1516.30
S&P500
Open 825.69 High 842.60 Low 821.98 Close 838.51

December Pending Home Sales release a better release than last month and show an increase on affordability to buy house.
January Auto Sales and Truck Sales release is lower than last month release and move market to negative teritory.

3 February before market open, CME and MRK release their earning report. CME release a better than analyst estimation but lower than last year earning, while MRK earning higher than last year earning and beat analyst estimation.

DJIA moving in positive territory, held at 8100 support then close at 8078.36.
NASDAQ testing support at 1482 then move back up ant held by resistance 1520 then close at 1516.30.
S&P500 testing support at 815 then move back up ant held by resistance at 840 then close at 838.51

Market at 4 February 2009
DJIA
Support at 7950, if this support break, DJI will move to 7800.
Resistance at 8150, if this resistance break, DJI will move to 8250.
NASDAQ
Support at 1490, if this support break, NASDAQ will move to 1460.
Resistance at 1530, if this resistance break, NASDAQ will move to 1550.
S&P500
Support at 825, if this support break, S&P500 will move to 815.
Resistance at 845, if this resistance break, S&P500 will move to 855.


Economic Data Release at 4 February 2009

  • January ADP Employment Change will be release at 08.15 ET. Analyst expect a better release than last month release.
  • January ISM Services will be release at 10.00 ET. Analyst estimate a lower release than last month release.
  • 30 January Crude Inventories will be release at 10.30 ET.

Earning Report
3 February after market close, DIS release their earning lower than last year earning and missed analyst estimation.

Event
Market still wait for progress on economic stimulus bill discussion between senate and Obama.

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