US Market At 6 February 2009

Market at 6 February 2009

DJIA
Open 8056.38 High 8312.37 Low 8052.24 Close 8280.59
NASDAQ
Open 1548.73 High 1594.26 Low 1545.85 Close 1591.71
S&P500
Open 846.09 High 870.75 Low 845.42 Close 868.60

January Unemployment Rate release higher rate than last month release, but still inline with analyst estimation.
January Nonfarm Payrolls release lower than last month release and missed analyst estimation, while Hourly Earnings and Average Workweek release at the same level as last release and meet analyst estimation.
December Consumer Credit release a better data than last month but still release a negative reading and missed analyst estimation.

DJIA move in positive territory and passed resistance at 8250 then close at 8280.59.
NASDAQ move in positive territory and testing resistance at 1590 then close at 1591.71.
S&P500 move in positive territory and testing resistance at 870 then close at 868.60

Market at 9 February 2009
DJIA
Support at 8125, if this support break, DJI will move to 7950.
Resistance at 8375, if this resistance break, DJI will move to 8475.
NASDAQ
Support at 1575, if this support break, NASDAQ will move to 1560.
Resistance at 1625, if this resistance break, NASDAQ will move to 1650.
S&P500
Support at 850, if this support break, S&P500 will move to 835.
Resistance at 875, if this resistance break, S&P500 will move to 885.

Economic Data Release at 9 February 2009
There is no economic data release for today

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

Event
US Senate already agree on Economic Stimulus proposal. Market waiting for detail deal between Senate and White House on economic stimulus package.

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