US Market At 11 March 2009


Market at 11 March 2009
DJIA
Open 6923.13 High 7015.06 Low 6867.55 Close 6930.40
NASDAQ
Open 1366.07 High 1385.18 Low 1352.60 Close 1371.64
S&P500
Open 719.59 High 731.92 Low 713.85 Close 721.36

6 March Crude Inventories released higher than last release.
February Treasury Budget released a bigger deficit than last month release but better than analyst estimate.

DJIA moved testing resistance at 7050 and moved down held by support at 6800 then closed at 6930.40.
NASDAQ moved testing resistance at 1380 and moved down held by support at 1350 then closed at 1371.64.
S&P500 moved testing resistance at 735 and moved down held by support at 715 then closed at 721.36.

Market at 12 March 2009
DJIA
Support at 6860, if this support break, DJI will move to 6790.
Resistance at 7000, if this resistance break, DJI will move to 7085.
NASDAQ
Support at 1355, if this support break, NASDAQ will move to 1335.
Resistance at 1385, if this resistance break, NASDAQ will move to 1400.
S&P500
Support at 710, if this support break, S&P500 will move to 705.
Resistance at 730, if this resistance break, S&P500 will move to 740.

Economic Data Release at 12 March 2009.
  • February Retail Sales and Retail Sales ex-auto will be release at 08.30 ET. Analyst estimate a lower sales than last release and give a negative reading.
  • 7 March Initial Claims will be release at 08.30 ET. Analyst estimate a bigger claim than last release.
  • January Business Inventories will be release at 10.00 ET.
Earning Report
There are no earning might affect today market movement.

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