US Market At 7 May 2009


Market at 7 May 2009
DJIA
Open 8513.56 High 8577.19 Low 8358.00 Close 8409.85
NASDAQ
Open 1772.45 High 1773.13 Low 1702.54 Close 1716.24
S&P500
Open 919.58 High 929.58 Low 901.36 Close 907.39

2 May Initial Claims released a better data than last release, the claims decreased more than analyst estimate.
Q1 Productivity-Prel released higher than last release, while Q1 Unit Labor Costs released lower than last release.
March Consumer Credit released a lower credit than last release, it might be a sign that customer halt their spending.

7 May before market open, GM and FNM will release their earning report. GM released their earning better than analyst estimation but lower than last year release. While FNM postponed their earning release.

DJIA moved testing resistance at 8550 and moved down passed their support at 8435 then closed at 8409.85.
NASDAQ moved testing resistance at 1775 and moved down passed their support at 1715 then closed at 1716.24.
S&P500 moved testing resistance at 930 and moved down held by their support at 900 then closed at 907.39.

Market at 8 May 2009
DJIA
Support at 8320, if this support break, DJI will move to 8230.
Resistance at 8540, if this resistance break, DJI will move to 8665.
NASDAQ
Support at 1690, if this support break, NASDAQ will move to 1660.
Resistance at 1760, if this resistance break, NASDAQ will move to 1800.
S&P500
Support at 895, if this support break, S&P500 will move to 885.
Resistance at 925, if this resistance break, S&P500 will move to 940.

Economic Data Release at 8 May 2009.
  • April Average Workweek and April Hourly Earnings will be release at 08.30 ET. Analyst estimate that release will hold steady as last release.
  • April Nonfarm Payrolls will be release at 08.30 ET. Analyst estimate a lower payrolls than last release.
  • April Unemployment Rate will be release at 08.30 ET. Analyst estimate a higher release than last release.
  • March Wholesale Inventories will be release at 10.00 ET. Analyst estimate a better inventories than last release.
Earning Report
7 May after market closed, AIG, CNQ and VRSN released their earning report. CNQ released their earning better than analyst estimation but lower than last year release. AIG released a lower earning than last year release and missed analyst estimation. While VRSN released their earning higher than last year earning and better than analyst estimation.

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