US Market At 17 March 2009


Market at 17 March 2009
DJIA
Open 7218.00 High 7396.81 Low 7172.05 Close 7395.70
NASDAQ
Open 1408.20 High 1462.11 Low 1405.32 Close 1462.11
S&P500
Open 753.88 High 778.12 Low 749.93 Close 778.12

February Building Permits and Housing Starts released higher than last release and surprised analyst estimation.
February PPI and Core PPI released lower than last release.

DJIA moved testing support at 7150 and moved up held by resistance at 7450 then closed at 7395.70.
NASDAQ moved testing support at 1400 and moved up passed resistance at 1430 then closed at 1462.11.
S&P500 moved testing support at 750 and moved up passed resistance at 765 then closed at 778.12.

Market at 18 March 2009
DJIA
Support at 7325, if this support break, DJI will move to 7250.
Resistance at 7470, if this resistance break, DJI will move to 7550.
NASDAQ
Support at 1440, if this support break, NASDAQ will move to 1425.
Resistance at 1481, if this resistance break, NASDAQ will move to 1500.
S&P500
Support at 770, if this support break, S&P500 will move to 760.
Resistance at 790, if this resistance break, S&P500 will move to 800.

Economic Data Release at 18 March 2009.
  • February CPI and Core CPI will be release at 08.30 ET
  • Q4 Current Account Balance will be release at 08.30 ET
  • 13 March Crude Inventories will be release at 10.30 ET
  • FOMC Rate Decision will be release at 14.15 ET
Earning Report
17 March after market closed, ADBE released their earning report. They posted a lower earning than last year earning but beat analyst estimate.

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