US Market At 5 February 2009


Market at 5 February 2009
DJIA
Open 7954.83 High 8107.83 Low 7845.31 Close 8063.07
NASDAQ
Open 1498.80 High 1554.37 Low 1495.52 Close 1546.24
S&P500
Open 831.75 High 850.55 Low 819.91 Close 845.85

  • Q4 Productivity-Prel release a better release than last month release while Unit Labor Costs missed analyst estimation and show a significant decline from last mont release.
  • 31 January Initial Claims release a higher data than last month release.
  • December Factory Orders release improved condition but missed analyst estimation and still report negative data.
5February before market open, MA release a higher earning than last year earning and better than analyst estimation.

DJIA testing support at 7850 then pull back to resistance at 8100 and close at 8063.07.
NASDAQ testing support at 1500 then pull back to resistance at 1540 then close at 1546.24.
S&P500 testing support at 825 then pull back to resistance at 845 then close at 845.85

Market at 6 February 2009
DJIA
Support at 7900, if this support break, DJI will move to 7750.
Resistance at 8150, if this resistance break, DJI will move to 8250.
NASDAQ
Support at 1510, if this support break, NASDAQ will move to 1475.
Resistance at 1570, if this resistance break, NASDAQ will move to 1590.
S&P500
Support at 825, if this support break, S&P500 will move to 810.
Resistance at 860, if this resistance break, S&P500 will move to 870.


Economic Data Release at 6 February 2009

  • January Unemployment Rate will be release at 08.30 ET. Analyst estimate a higher unemployment rate from last month release.
  • January Nonfarm Payrolls, Hourly Earnings and Average Workweek will be release at 08.30 ET. Analyst expect that release stay at the same level as last month release.
  • December Consumer Credit will be release at 14.00 ET. Analyst estimate that release will show improvement but still report negative data.

Earning Report
There are no earning might affect today market movement.

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

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