US Market At 4 February 2009


Market at 4 February 2009
DJIA
Open 8070.32 High 8162.15 Low 7929.26 Close 7956.66
NASDAQ
Open 1516.53 High 1549.64 Low 1508.87 Close 1515.05
S&P500
Open 837.77 High 851.85 Low 829.18 Close 832.23


January ADP Employment Change and ISM Services report a better release than last month release. These release make market move in positive territory.
30 January Crude Inventories release a higher inventories than last release.

DJIA testing resistance at 8150 then pull back to support at 7950 and close at 7956.66.
NASDAQ testing resistance at 1550 then move down to support at 1510 then close at 1515.05.
S&P500 testing resistance at 855 then pull back to support at 825 then close at 832.23

Market at 5 February 2009
DJIA
Support at 7850, if this support break, DJI will move to 7775.
Resistance at 8025, if this resistance break, DJI will move to 8100.
NASDAQ
Support at 1500, if this support break, NASDAQ will move to 1485.
Resistance at 1525, if this resistance break, NASDAQ will move to 1540.
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 860.


Economic Data Release at 5 February 2009

  • Q4 Productivity-Prel and Unit Labor Costs will be release at 08.30 ET. Analyst expect a better release than last month release.
  • 31 January Initial Claims will be release at 08.30 ET. Analyst expect that release do not get higher than last month release.
  • December Factory Orders will be release at 10.00 ET. Analyst estimate that release will show improvement but still report negative data.

Earning Report
4 February after market close, V release their earning higher than last year earning and beat analyst estimation.
5February before market open, MA will release their earning report. Analyst estimate a higher earning than last year earning.

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

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