US Market At 10 June 2009


Market at 10 June 2009
DJIA
Open 8763.66 High 8834.93 Low 8639.95 Close 8739.02
NASDAQ
Open 1872.04 High 1872.70 Low 1827.61 Close 1853.08
S&P500
Open 942.73 High 949.77 Low 927.97 Close 939.15

April Trade Balance released a bigger defisit than last month release and missed analyst estimation.
5 June Crude Inventories fell more than analyst estimation and made inventories lower than last week.
May Treasury Budget released a higher defisit than last month release but still meet analyst estimation.
Fed's Beige Book released that economic contraction is stabilizing, but Consumer spending and tourism were still weak. The service sector continued to decreased compared to a year ago and contraction still likely. Commercial and residential real estate sector still at low levels activity. Manufacturing continued its slide, while wind energy projects and gold mines continue to move forward. Labor markets continued to struggle.

DJIA moved testing resistance at 8840 and moved down held by support at 8645 then closed at 8739.02.
NASDAQ moved testing resistance at 1870 and moved down held by support at 1825 then closed at 1853.08.
S&P500 moved testing resistance at 950 and moved down held by support at 930 then closed at 939.15.

Market at 11 June 2009
DJIA
Support at 8640, if this support break, DJI will move to 8540.
Resistance at 8835, if this resistance break, DJI will move to 8935.
NASDAQ
Support at 1830, if this support break, NASDAQ will move to 1805.
Resistance at 1875, if this resistance break, NASDAQ will move to 1895.
S&P500
Support at 930, if this support break, S&P500 will move to 915.
Resistance at 950, if this resistance break, S&P500 will move to 960.

Economic Data Release at 11 June 2009.
  • May Retail Sales and May Retail Sales ex-auto will be release at 08.30 ET. Analyst estimate a better release than last release and start in positive reading.
  • 6 June Initial Claims will be release at 08.30 ET. Analyst estimate a better release than last release.
  • April Business Inventories will be release at 10.00 ET. Analyst estimate a better release than last release, but still in negative reading.
Earning Report
There are no earning might affect today market movement.

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