US Market at 14 October 2009


Market at 14 October 2009
DJIA
Open 9873.55 High 10027.73 Low 9873.48 Close 10015.86
NASDAQ
Open 2165.58 High 2173.95 Low 2157.48 Close 2172.23
S&P500
Open 1078.68 High 1093.17 Low 1078.68 Close 1092.02

September Export Prices ex-ag. released a lower release than last release while September Import Prices ex-oil released a higher release than last release.
September Retail Sales and September Retail Sales ex-auto released a lower sales than last release, but still better than analyst estimation.
August Business Inventories released a lower inventories than last release.
September FOMC Minutes indicated that economic recovery was under way, with a positive developments in the financial sector. FED also noticed that the housing market also improve and stabilize the prices. But there is still more risk ahead to the outlook such low resource utilization and high unemployment. Bank credit still costly to obtain so FED maintain to extend the 0% to 0.25% target funds rate. FED agreed to begin withdrawing stimulus to containing inflation expectations.

14 October before market open, ABT and JPM released their earning report. They released their earning higher than last year earning and better than analyst estimation.

DJIA moved up passed resistance at 9940 then closed at 10015.86.
NASDAQ moved up passed resistance at 2155 then closed at 2172.23.
S&P500 moved up passed resistance at 1080 then closed at 1092.02.

Market at 15 October 2009
DJIA
Support at 9915, if this support break, DJI will move to 9820.
Resistance at 10070, if this resistance break, DJI will move to 10125.
NASDAQ
Support at 2160, if this support break, NASDAQ will move to 2150.
Resistance at 2180, if this resistance break, NASDAQ will move to 2185.
S&P500
Support at 1080, if this support break, S&P500 will move to 1075.
Resistance at 1095, if this resistance break, S&P500 will move to 1105.

Economic Data Release at 15 October 2009.
  • 3 October Continuing Claims and 10 October Initial Claims will be release at 08.30 ET. Analyst estimate a higher claims than last release.
  • September Core CPI and September CPI will be release at 08.30 ET. Analyst estimate that release will hold at the same level as last release.
  • October Empire Manufacturing will be release at 08.30 ET. Analyst estimate a lower release than last release.
  • October Philadelphia Fed will be release at 10.00 ET. Analyst estimate a lower release than last release.
  • 9 October Crude Inventories will be release at 13.00 ET.
Earning Report
15 October before market open, BAX, C and GS will release their earning report. Analyst estimate their earning release is higher than last year release.

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