US Market At 7 April 2009


Market at 7 April 2009
DJIA
Open 7968.92 High 7969.08 Low 7762.08 Close 7789.56
NASDAQ
Open 1584.19 High 1588.00 Low 1559.46 Close 1561.61
S&P500
Open 834.12 High 834.12 Low 814.53 Close 815.55

February Consumer Credit released a lower release than last release, missed analyst estimation and start a negative reading.

DJIA moved in negative territory and down held by support at 7795 then closed at 7789.56.
NASDAQ moved in negative territory, testing resistance at 1590 and moved down passed support at 1570 then closed at 1561.61.
S&P500 moved in negative territory, testing resistance at 830 and moved down held by support at 815 then closed at 815.55.

Market at 8 April 2009
DJIA
Support at 7710, if this support break, DJI will move to 7630.
Resistance at 7840, if this resistance break, DJI will move to 7920.
NASDAQ
Support at 1550, if this support break, NASDAQ will move to 1540.
Resistance at 1580, if this resistance break, NASDAQ will move to 1600.
S&P500
Support at 805, if this support break, S&P500 will move to 800.
Resistance at 825, if this resistance break, S&P500 will move to 840.

Economic Data Release at 8 April 2009.
  • February Wholesale Inventories will be release at 10.00 ET. Analyst estimate a better release than last release, but still in negative reading.
  • 3 April Crude Inventories will be release at 10.30 ET.
Earning Report
7 April after market closed, AA and MOS released their earning report. They posted lower earning than last year earning and missed analyst estimation.

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