US Market at 12 August 2009


Market at 12 August 2009
DJIA
Open 9236.06 High 9424.11 Low 9221.02 Close 9361.61
NASDAQ
Open 1969.25 High 2015.26 Low 1970.25 Close 1998.72
S&P500
Open 994.00 High 1012.78 Low 993.36 Close 1005.81

June Trade Balance and July Treasury Budget released a higher deficit than last release.
7 August Crude Inventories released a higher inventories than last release.
FOMC Rate Decision released statement that it put a time to end of its Treasury coupon buying and makes the market fend completely to find buyers for Treasury coupons. FOMC also more optimistic about the near-term economic environment and give current view that the recovery is going to be subdued and uneven over the next several quarters. FED do not expect any funds rate increases from the FOMC until June 2010, at the earliest.

12 August before market open, M released their earning report. They released their earning better than analyst estimation but lower than last year release.

DJIA moved testing resistance at 9380 then closed at 9361.61.
NASDAQ moved testing resistance at 1995 then closed at 1998.72.
S&P500 moved testing resistance at 1010 then closed at 1005.81.

Market at 13 August 2009
DJIA
Support at 9250, if this support break, DJI will move to 9130.
Resistance at 9450, if this resistance break, DJI will move to 9540.
NASDAQ
Support at 1975, if this support break, NASDAQ will move to 1950.
Resistance at 2020, if this resistance break, NASDAQ will move to 2040.
S&P500
Support at 995, if this support break, S&P500 will move to 985.
Resistance at 1015, if this resistance break, S&P500 will move to 1025.

Economic Data Release at 13 August 2009.
  • July Export Prices ex-ag. and July Import Prices ex-oil will be release at 08.30 ET.
  • July Retail Sales and July Retail Sales ex-auto will be release at 08.30 ET. Analyst estimate a better sales than last release.
  • 8 August Initial Claims will be release at 08.30 ET. Analyst estimate a better release than last release.
  • June Business Inventories will be release at 10.00 ET. Analyst estimate a better release than last release.
Earning Report
13 August before market open, WMT will release their earning report. Analyst estimate their earning release is higher than last year release.

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