US Market At 30 January 2009


Market at 30 January 2009
DJIA
Open 8149.01 High 8195.76 Low 7961.92 Close 8000.86
NASDAQ
Open 1517.56 High 1523.45 Low 1472.51 Close 1476.42
S&P500
Open 845.69 High 851.66 Low 821.67 Close 825.88

Q4 Chain Deflator-Adv and GDP-Adv data released lower than analyst consensus and Chain Deflator reach negative reading.
January 2009 Chicago PMI and Mich Sentiment-Rev missed analyst expectation.
Q4 Employment Cost Index release lower than last Quarter release.

30 January 2009 before market open, CVX, XOM, HON and PG release their earning report. HON and PG release earning higher than last year earning and meet analyst estimation. CVX release earning surprise analyst estimation, they release a better than estimate and higher than last year earning. XOM release earning lower than last year earning but better than analyst estimation.

DJIA moving in negative territory, passed support at 8050 and held at 7950 support then close at 8000.86.
NASDAQ moving in negative territory, passed support at 1485 and held at 1465 support then close at 1476.42.
S&P500 moving in negative territory, passed support at 835 and held at 825 support then close at 825.88

Market at 2 February 2009
DJIA
Support at 7900, if this support break, DJI will move to 7800.
Resistance at 8150, if this resistance break, DJI will move to 8275.
NASDAQ
Support at 1460, if this support break, NASDAQ will move to 1440.
Resistance at 1510, if this resistance break, NASDAQ will move to 1540.
S&P500
Support at 815, if this support break, S&P500 will move to 800.
Resistance at 835, if this resistance break, S&P500 will move to 845.


Economic Data Release at 2 February 2009

  • December Personal Income and Personal Spending will be release at 08.30 ET.
  • December Construction Spending will be release at 10.00 ET.
  • January ISM Index will be release at 10.00 ET.
Analyst expect that all release lower than last release. If release missed analyst estimation, it will affect market movement.

Earning Report
There is no earning release that affect market movement.

Event
Market wait for senate agreement on Obama proposal to expand bailout fund on economic stimulus bill.

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