US Market At 20 May 2009


Market at 20 May 2009
DJIA
Open 8471.82 High 8591.93 Low 8405.47 Close 8422.04
NASDAQ
Open 1746.58 High 1767.47 Low 1722.32 Close 1727.84
S&P500
Open 908.62 High 924.60 Low 901.37 Close 903.47

15 May Crude Inventories released fell more than expected and made oil price to their highest level in more than six months.
29 April FOMC Minutes decided to keep rates and announced recession-busting measures to existing liquidity program to help unfreeze credit markets. They looked for any indication to withdrawing liquidity programs and perhaps to raise rates again. Fed updated their economic forecasts. They revised down GDP and inflation forecasts while unemployment rate revised up.

20 May before market open, BJ, DE and TGT released their earning report. DE and TGT released their earning better than analyst estimation but lower than last year release, while BJ released their earning higher than last year earning and better than analyst estimation.

DJIA moved testing resistance at 8610 and moved down held by support at 8415 then closed at 8422.04.
NASDAQ moved testing resistance at 1765 and moved down held by support at 1720 then closed at 1727.84.
S&P500 moved testing resistance at 920 and moved down held by support at 900 then closed at 903.47.

Market at 21 May 2009
DJIA
Support at 8355, if this support break, DJI will move to 8285.
Resistance at 8540, if this resistance break, DJI will move to 8660.
NASDAQ
Support at 1710, if this support break, NASDAQ will move to 1695.
Resistance at 1755, if this resistance break, NASDAQ will move to 1785.
S&P500
Support at 895, if this support break, S&P500 will move to 885.
Resistance at 920, if this resistance break, S&P500 will move to 935.

Economic Data Release at 21 May 2009.
  • May Initial Claims will be release at 08.30 ET. Analyst estimate a lower claims than last release.
  • April Leading Indicators will be release at 10.00 ET. Analyst estimate a better release than last release.
  • May Philadelphia Fed will be release at 10.00 ET. Analyst estimate a better release than last release, but still in negative reading.
Earning Report
20 May after market closed, INTU released their earning report. They released their earning higher than last year earning and better than analyst estimation.

Comments

Post a Comment

Popular posts from this blog

US Market at 2 Desember 2009

Image
Market at 2 December 2009 DJIA Open 10470.44 High 10513.52 Low 10421.47 Close 10452.68 NASDAQ Open 2178.80 High 2198.55 Low 2177.82 Close 2185.03 S&P500 Open 1109.03 High 1115.58 Low 1105.29 Close 1109.24 November Challenger Job Cuts released a lower release than last release. November ADP Employment Report released a better release than last release, but still in negative reading. 27 November Crude Inventories released a higher inventories than last release. November Fed Beige Book released that U.S. economy is improving modestly with little upward pressure on wages and finished goods despite commodity price gains. Commercial real estate and construction ran counter to the trend of moderate pickup.While jobs markets remained weak but were stabilizing and showing improvement. The Fed held benchmark interest rates at close to zero and promised to keep rates low to support a weak recovery likely to be held back by persistently high unemployment. DJIA moved testing resistance at 10535...
Read more

Citigroup Q1 better than estimate, oil getting higher

Image
Global Market Citigroup Inc. posted a $5.11 billion loss, less than analysts' estimates, and cut 9,000 jobs, it sending their shares higher and sparking a rally in U.S. stocks and the dollar. Citigroup reported $16 billion of writedowns and increased loan reserves as customers fell behind on home, car and credit-card payments. Their net loss of $1.02 a share compared with an estimate of $1.66 by analyst. Citigroup climbed $1.08 to $25.11. The Standard & Poor's 500 Index rose 1.8 percent and the dollar gained against the euro. Revenue fell to $13.2 billion, compared with analyst estimate of $11.1 billion. While the writedowns stuck their trading and investment-banking division revenue climbed in both the consumer and wealth-management businesses. The company benefited from a $633 million gain on its stake in Visa Inc., which make an initial stock offering and a $663 million gain on the sale of shares in Redecard SA. Citigroup set about $1.8 billion as reserves for bad consu...
Read more

US Market at 24 March 2010

Image
Market at 24 March 2010 DJIA Open 10887.62 High 10887.84 Low 10825.42 Close 10836.15 NASDAQ Open 2406.55 High 2408.64 Low 2396.92 Close 2398.76 S&P500 Open 1172.70 High 1173.04 Low 1166.01 Close 1167.72 February Durable Orders released a lower order than last release, while February Durable Orders ex Auto released a higher order than last release. February New Home Sales released a lower sales than last release. 20 March Crude Inventories released a higher inventories than last release. 24 March 2010 before market open, LEN released their earning report. They released their earning higher than last year earning and better than analyst estimation. DJIA moved in trading range between support at 10815 and resistance at 10925 then closed at 10836.15. NASDAQ moved in trading range between support at 2380 and resistance at 2410 then closed at 2398.76. S&P500 moved in trading range between support at 1165 and resistance at 1175 then closed at 1167.72. Market at 25 March 2010 DJIA Supp...
Read more