US Market at 6 August 2009


Market at 6 August 2009
DJIA
Open 9277.19 High 9325.11 Low 9208.80 Close 9256.26
NASDAQ
Open 1999.52 High 2004.37 Low 1967.68 Close 1973.16
S&P500
Open 1004.06 High 1008.00 Low 992.49 Close 997.08

1 August Initial Claims released a better release than last release and topped analyst estimation.

6 August before market open, AEE, CNQ and WMB released their earning report.
CNQ and WMB released their earning better than analyst estimation but lower than last year release. While AEE released their earning higher than last year earning and better than analyst estimation.

DJIA moved testing support at 9220 and moved up held by resistance at 9330 then closed at 9256.26.
NASDAQ moved testing support at 1975 and moved up held by resistance at 2010 then closed at 1973.16.
S&P500 moved testing support at 995 and moved up held by resistance at 1010 then closed at 997.08.

Market at 7 August 2009
DJIA
Support at 9200, if this support break, DJI will move to 9150.
Resistance at 9320, if this resistance break, DJI will move to 9380.
NASDAQ
Support at 1960, if this support break, NASDAQ will move to 1945.
Resistance at 1995, if this resistance break, NASDAQ will move to 2020.
S&P500
Support at 990, if this support break, S&P500 will move to 985.
Resistance at 1005, if this resistance break, S&P500 will move to 1015.

Economic Data Release at 7 August 2009.
  • July Hourly Earnings and July Average Workweek will be release at 08.30 ET. Analyst estimate that release will hold at steady level as last release.
  • July Nonfarm Payrolls will be release at 10.00 ET. Analyst estimate a better release than last release, but still in negative reading.
  • July Unemployment Rate will be release at 10.00 ET. Analyst estimate a higher rate release than last release.
  • June Consumer Credit will be release at 15.00 ET. Analyst estimate a lower credit than last release and still in negative reading.
Earning Report
6 August after market closed, NVDA and VRSN released their earning report.
NVDA released their earning better than analyst estimation but lower than last year release while VRSN released a lower earning than last year release and missed analyst estimation.
7 August before market open, AES and AIG will release their earning report.
Analyst estimate AES will release their earning lower than last year release, while AIG expected to release their earning higher than last year release.

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