US Market at 18 March 2009


Market at 18 March 2009
DJIA
Open 7395.70 High 7571.64 Low 7257.27 Close 7486.58
NASDAQ
Open 1456.11 High 1507.40 Low 1448.67 Close 1491.22
S&P500
Open 776.01 High 803.04 Low 765.64 Close 794.35

February CPI and Core CPI released relatively at the same level as last month release.
Q4 Current Account Balance released a lower deficit than last quarter release.
13 March Crude Inventories released a higher inventories than last release.
FOMC Meeting released an extend on effort to stabilize the economic by committing to buy Treasuries and doubled the mortgage debt purchases to avoid a repeat of the Great Depression and to pump credit line to market.

DJIA moved testing support at 7250 and moved up held by resistance at 7550 then closed at 7486.58.
NASDAQ moved testing support at 1440 and moved up held by resistance at 1500 then closed at 1491.22.
S&P500 moved testing support at 760 and moved up held by resistance at 800 then closed at 794.35.

Market at 19 March 2009
DJIA
Support at 7300, if this support break, DJI will move to 7125.
Resistance at 7620, if this resistance break, DJI will move to 7750.
NASDAQ
Support at 1455, if this support break, NASDAQ will move to 1425.
Resistance at 1515, if this resistance break, NASDAQ will move to 1540.
S&P500
Support at 770, if this support break, S&P500 will move to 750.
Resistance at 810, if this resistance break, S&P500 will move to 825.

Economic Data Release at 19 March 2009.
  • 14 March Initial Claims will be release at 08.30 ET. Analyst estimate a lower claims than last release.
  • February Leading Indicators will be release at 10.00 ET. Analyst estimate a negative release which lower than last release.
  • March Philadelphia Fed will be release at 10.00 ET.
Earning Report
18 March after market closed, NKE and ORCL released their earning report. They posted higher earning than last year earning and beated analyst estimate.
19 March before market open, FDX will release their earning report. Analyst estimate their earning release is lower than last year release.

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