US Market at 9 September 2009


Market at 9 September 2009
DJIA
Open 9496.59 High 9577.22 Low 9476.18 Close 9547.22
NASDAQ
Open 2036.94 High 2066.34 Low 2033.47 Close 2060.39
S&P500
Open 1025.36 High 1036.34 Low 1023.97 Close 1033.37

Fed's Beige Book released said that economic conditions is stabilizing but not yet taking off, the good news in the report is evidence that manufacturing is getting stronger. It's the most upbeat reading for the Fed's "Beige Book" are "cautiously positive" overall. But the report still paints a picture of an uneven recovery across the country. Real estate is showing signs of improvement, though it is still weak overall and there is still downward pressure on home prices. Consumer spending also remains depressed nationwide.

DJIA moved in trading range between resistance at 9555 and support at 9480 then closed at 9547.22.
NASDAQ moved in trading range between resistance at 2050 and support at 2035 then closed at 2060.39.
S&P500 moved in trading range between resistance at 1025 and support at 1030 then closed at 1033.37.

Market at 10 September 2009
DJIA
Support at 9490, if this support break, DJI will move to 9430.
Resistance at 9590, if this resistance break, DJI will move to 9635.
NASDAQ
Support at 2040, if this support break, NASDAQ will move to 2020.
Resistance at 2075, if this resistance break, NASDAQ will move to 2085.
S&P500
Support at 1025, if this support break, S&P500 will move to 1020.
Resistance at 1040, if this resistance break, S&P500 will move to 1045.

Economic Data Release at 10 September 2009.
  • 5 September Initial Claims and 29 September Continuing Claims will be release at 08.30 ET. Analyst estimate a lower claims than last release, but still in negative reading.
  • July Trade Balance will be release at 08.30 ET. Analyst estimate a lower deficit than last release.
  • 4 September Crude Inventories will be release at 13.00 ET.
Earning Report
There are no earning might affect today market movement.

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