US Market at 16 July 2009


Market at 16 July 2009
DJIA
Open 8612.66 High 8739.55 Low 8584.40 Close 8711.82
NASDAQ
Open 1857.70 High 1887.89 Low 1854.70 Close 1885.03
S&P500
Open 930.17 High 943.96 Low 927.45 Close 940.74

11 July Initial Claims released a lower claim than last release and better than analyst estimation.
May Net Long-Term TIC Flows released a lower release than last release.
July Philadelphia Fed released a lower release than last release and missed analyst estimation.

16 July before market open, BAX and JPM released their earning report. JPM released their earning better than analyst estimation but lower than last year release, while BAX released their earning higher than last year earning and better than analyst estimation.

DJIA moved testing support at 8535 and moved up passed resistance at 8710 then closed at 8711.82.
NASDAQ moved testing support at 1850 and moved up held by resistance at 1890 then closed at 1885.03.
S&P500 moved testing support at 925 and moved up passed resistance at 940 then closed at 940.74.

Market at 17 July 2009
DJIA
Support at 8680, if this support break, DJI will move to 8615.
Resistance at 8770, if this resistance break, DJI will move to 8835.
NASDAQ
Support at 1875, if this support break, NASDAQ will move to 1865.
Resistance at 1895, if this resistance break, NASDAQ will move to 1910.
S&P500
Support at 930, if this support break, S&P500 will move to 920.
Resistance at 950, if this resistance break, S&P500 will move to 955.

Economic Data Release at 17 July 2009.
  • June Building Permits and June Housing Starts will be release at 08.30 ET. Analyst estimate a better release on Building Permits and a lower release for Housing Starts.
Earning Report
16 July after market closed, GOOG and IBM released their earning report. They released their earning higher than last year earning and better than analyst estimation.
17 July before market open, BAC, C and GE will release their earning report. Analyst estimate that BAC and GE will release their earning lower than last year release, while C expected to release higher earning than last year release.

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