US Market At 31 July 2009


Market at 31 July 2009
DJIA
Open 9154.61 High 9218.77 Low 9133.45 Close 9171.61
NASDAQ
Open 1981.48 High 1995.05 Low 1977.65 Close 1978.50
S&P500
Open 986.80 High 993.18 Low 982.85 Close 987.48

Q2 GDP-Adv. and Q2 Core PCE released a higher release than last release.
Q2 Chain Deflator-Adv. released a better release than last release.
Q2 Employment Cost Index released at steady level as last release.
July Chicago PMI released higher than last release.

31 July before market open, AEP and CVX released their earning report. AEP released their earning better than analyst estimation but lower than last year release, while CVX released a lower earning than last year release and missed analyst estimation.

DJIA moved in trading range between resistance at 9245 and support at 9150 then closed at 9171.61.
NASDAQ moved in trading range between resistance at 1990 and support at 1975 then closed at 1978.50.
S&P500 moved in trading range between resistance at 995 and support at 985 then closed at 987.48.

Market at 3 August 2009
DJIA
Support at 9130, if this support break, DJI will move to 9090.
Resistance at 9215, if this resistance break, DJI will move to 9260.
NASDAQ
Support at 1970, if this support break, NASDAQ will move to 1965.
Resistance at 1990, if this resistance break, NASDAQ will move to 2000.
S&P500
Support at 980, if this support break, S&P500 will move to 975.
Resistance at 990, if this resistance break, S&P500 will move to 1000.

Economic Data Release at 3 August 2009.
  • June Construction Spending will be release at 10.00 ET. Analyst estimate a better release than last release, but still in negative reading.
  • July ISM Index will be release at 10.00 ET. Analyst estimate a better release than last release.
  • July Auto Sales and July Truck Sales will be release at 14.00 ET.
Earning Report
3 August before market open, HUM, L and MGM will release their earning report.
Analyst estimate MGM earning release is lower than last year release, while HUM and L might release their earning higher than last year release.

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