US Market At 24 June 2009


Market at 24 June 2009
DJIA
Open 8323.51 High 8428.41 Low 8259.88 Close 8299.86
NASDAQ
Open 1781.63 High 1807.08 Low 1780.25 Close 1792.34
S&P500
Open 896.31 High 910.85 Low 896.31 Close 900.94

May Durable Orders released at steady level as last month release while May Durable Orders, Ex-Transportation released higher than last release.
May New Home Sales released a lower sales than last release.
19 June Crude Inventories released dropped by 3.8 million barrels from 357.7 million barrels to 353.9 million barrels, during a week.
24 June FOMC Rate Decision released consensus rate at 0.00% - 0.25%. FED expected more sanguine economic outlook and likely that recovery to be slow and will show a commitment to long term zero interest rate policy also play down inflation in the near term.

24 June before market open, MON released their earning report. They released their earning better than analyst estimation but lower than last year release.

DJIA moved testing resistance at 8410 and moved down held by support at 8240 then closed at 8299.86.
NASDAQ moved testing resistance at 1790 and moved down held by support at 1775 then closed at 1792.34.
S&P500 moved testing resistance at 905 and moved down held by support at 895 then closed at 900.94.

Market at 25 June 2009
DJIA
Support at 8230, if this support break, DJI will move to 8160.
Resistance at 8400, if this resistance break, DJI will move to 8500.
NASDAQ
Support at 1780, if this support break, NASDAQ will move to 1765.
Resistance at 1805, if this resistance break, NASDAQ will move to 1820.
S&P500
Support at 895, if this support break, S&P500 will move to 890.
Resistance at 910, if this resistance break, S&P500 will move to 915.

Economic Data Release at 25 June 2009.
  • 20 June Initial Claims will be release at 08.30 ET. Analyst estimate a better release than last release.
  • Q1 GDP - Final will be release at 08.30 ET. Analyst estimate that GDP will release at steady level as last release.
Earning Report
24 June after market closed, NKE, BBBY and PAYX released their earning report. NKE and BBBY released their earning higher than last year earning and better than analyst estimation. While PAYX released their earning lower than last year earning and missed analyst estimation.
25 June before market open, LEN will release their earning report. Analyst estimate their earning release is lower than last year release.

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