US Market at 15 July 2009


Market at 15 July 2009
DJIA
Open 8363.95 High 8628.23 Low 8363.95 Close 8616.21
NASDAQ
Open 1829.16 High 1863.29 Low 1824.31 Close 1862.90
S&P500
Open 910.15 High 933.95 Low 910.15 Close 932.68

June Core CPI and June CPI released a better release than last release and beated analyst estimation.
July Empire Manufacturing also released a better release than last release and beated analyst estimation, but still in negative reading.
June Capacity Utilization and June Industrial Production released a better release than analyst estimation, data released show an increasing pace on manufacturing sector.
10 July Crude Inventories released that inventories decreased more than expected.
24 June Minutes of FOMC Meeting released that Fed judged the economy at risk to further shocks even as they rejected an expansion in asset purchases, reflecting doubt at the likely impact of such a move. They also concerned that consumer spending will resume its decline. They also raised forecasts of unemployment and gross domestic product in 2009 and 2010.

15 July before market open, ABT released their earning report. They released their earning higher than last year earning and meet analyst estimation.

DJIA moved up and passed resistance at 8410 then closed at 8616.21.
NASDAQ moved up and passed resistance at 1815 then closed at 1862.90.
S&P500 moved up and passed resistance at 915 then closed at 932.68.

Market at 16 July 2009
DJIA
Support at 8535, if this support break, DJI will move to 8445.
Resistance at 8710, if this resistance break, DJI will move to 8800.
NASDAQ
Support at 1850, if this support break, NASDAQ will move to 1835.
Resistance at 1875, if this resistance break, NASDAQ will move to 1890.
S&P500
Support at 925, if this support break, S&P500 will move to 915.
Resistance at 940, if this resistance break, S&P500 will move to 950.

Economic Data Release at 16 July 2009.
  • 11 July Initial Claims will be release at 08.30 ET. Analyst estimate a better release than last release.
  • May Net Long-Term TIC Flows will be release at 09.00 ET. Analyst estimate a lower release than last release, but still in negative reading.
  • July Philadelphia Fed will be release at 10.00 ET. Analyst estimate a lower release than last release.
Earning Report
16 July before market open, BAX and JPM will release their earning report.
Analyst estimate JPM will release their earning lower than last year release, while BAX might release a higher earning than last year release.

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