US Market At 29 April 2009


Market at 29 April 2009
DJIA
Open 8018.31 High 8257.57 Low 8017.91 Close 8185.73
NASDAQ
Open 1689.32 High 1726.69 Low 1687.29 Close 1711.94
S&P500
Open 856.85 High 882.06 Low 856.85 Close 873.64

Q1 GDP-Adv. released a little bit better than last quarter release but missed analyst estimation, while Q1 Chain Deflator-Adv. released a higher release than last release.
24 April Crude Inventories released a higher surplus on inventories than last release.
April FOMC Rate Decision decided to left FED funds rate unchanged and said that while the economy still contracting but the pace of contraction appears to be slower and inflation also become subdued. FED will use all tools to promote the economic recovery.

29 April before market open, BHI, ABX, HES and GD released their earning report. BHI and HES released their earning better than analyst estimation but lower than last year release. ABX released a lower earning than last year release and missed analyst estimation. While GD released their earning higher than last year earning and beated than analyst estimation.

DJIA moved up passing 2 resistance at 8090 and 8170 and moved down to testing support at 8170, then closed at 8185.73.
NASDAQ moved up passing 2 resistance at 1690 and 1705 and moved down to testing support at 1705, then closed at 1711.94.
S&P500 moved up passing 2 resistance at 865 and 875 and moved down to testing support at 875, then closed at 873.64.

Market at 30 April 2009
DJIA
Support at 8050, if this support break, DJI will move to 7915.
Resistance at 8290, if this resistance break, DJI will move to 8395.
NASDAQ
Support at 1690, if this support break, NASDAQ will move to 1670.
Resistance at 1730, if this resistance break, NASDAQ will move to 1750.
S&P500
Support at 860, if this support break, S&P500 will move to 845.
Resistance at 885, if this resistance break, S&P500 will move to 895.

Economic Data Release at 30 April 2009.
  • March Personal Income and March Personal Spending will be release at 08.30 ET. Analyst estimate a hold steady release as last month release.
  • 25 April Initial Claims will be release at 08.30 ET. Analyst estimate a hold steady release as last month release.
  • Q1 Employment Cost Index will be release at 08.30 ET. Analyst estimate a hold steady release as last month release.
  • April Chicago PMI will be release at 09.45 ET. Analyst estimate a higher release than last release.
Earning Report
29 April after market closed, AVB, BXP, CLF, ESRX, FSLR, FLS, SBUX and V released their earning report. AVB, BXP, ESRX, FSLR, FLS, SBUX and V released their earning better than estimation and higher than last year release. CLF released their earning better than estimation but lower than last year release.
30 April before market open, APA, CELG, CL, XOM, NBL and PG will release their earning report. Analyst estimate APA, XOM, NBL and PG will release a lower earning than last year release, while CELG and CL estimated to release a higher earning than last year release.

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