US Market at 2 September 2009


Market at 2 September 2009
DJIA
Open 9306.21 High 9330.93 Low 9262.30 Close 9280.67
NASDAQ
Open 1959.99 High 1976.35 Low 1958.51 Close 1967.07
S&P500
Open 996.07 High 1000.34 Low 991.97 Close 994.75

ADP Employment Change released a better release than last release, but still missed analyst estimation.
Q2 Productivity-Rev. released a higher productivity last release.
July Factory Orders released a higher order than last release, but missed analyst estimation .
28 August Crude Inventories came in lower inventories, but it toped analyst estimation because analyst estimate that inventories would decrease higher.
12 August FOMC Minutes discussed about the exit strategy, asset purchases, and the likely course of the economy. They held a range of views about the future course of the economy. Consumer spending and credit conditions in the top of the list. The possibility of additional credit losses looms large for banks and problems with commercial real estate loans have placed several banks in a vulnerable position, both of which lead to expectations of tight credit conditions. The inflation picture was presented to be benign in the next few years.

2 September before market open, JOYG released their earning report. They released their earning higher than last year earning and better than analyst estimation.

DJIA moved in trading range between support at 9215 and resistance at 9385 then closed at 9280.67.
NASDAQ moved in trading range between support at 1945 and resistance at 1990 then closed at 1967.07.
S&P500 moved in trading range between support at 985 and resistance at 1005 then closed at 994.75.

Market at 3 September 2009
DJIA
Support at 9250, if this support break, DJI will move to 9220.
Resistance at 9320, if this resistance break, DJI will move to 9360.
NASDAQ
Support at 1960, if this support break, NASDAQ will move to 1950.
Resistance at 1975, if this resistance break, NASDAQ will move to 1985.
S&P500
Support at 990, if this support break, S&P500 will move to 985.
Resistance at 1000, if this resistance break, S&P500 will move to 1005.

Economic Data Release at 3 September 2009.
  • 29 August Initial Claims will be release at 08.30 ET. Analyst estimate a better release than last release.
  • August ISM Services will be release at 10.00 ET. Analyst estimate a better release than last release.
Earning Report
There are no earning might affect today market movement.

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