US Market at 21 October 2009


Market at 21 October 2009
DJIA
Open 10038.84 High 10119.47 Low 9943.76 Close 9949.36
NASDAQ
Open 2160.67 High 2190.64 Low 2148.41 Close 2150.73
S&P500
Open 1090.36 High 1101.36 Low 1080.77 Close 1081.40

16 October Crude Inventories released a higher inventories than last month release.
Fed's Beige Book reported that Fed saw modest improvements in many areas of the economy, led by housing and manufacturing, while commercial real estate market remain weak. Fed survey indicates that the economy still has to overcome weaknesses in banking and employment. The Beige Book says the Fed is nowhere near ready to raise rates for any reason.

21 October before market open, ATI, MO, BA, FCX, MS, UBS, USG and WFC released their earning report.
ATI, UBS, BA and USG released a lower earning than last year release released. ATI and UBS released their earning better than analyst estimation, while BA and USG missed analyst estimation.
MO, FCX, MS and WFC released their earning higher than last year earning and better than analyst estimation.

DJIA moved testing resistance at 10150 and moved down held by support at 9940 then closed at 9949.36.
NASDAQ moved testing resistance at 2195 and moved down held by support at 2150 then closed at 2150.73.
S&P500 moved testing resistance at 1105 and moved down held by support at 1080 then closed at 1081.40.

Market at 22 October 2009
DJIA
Support at 9890, if this support break, DJI will move to 9830.
Resistance at 10065, if this resistance break, DJI will move to 10180.
NASDAQ
Support at 2135, if this support break, NASDAQ will move to 2120.
Resistance at 2180, if this resistance break, NASDAQ will move to 2205.
S&P500
Support at 1075, if this support break, S&P500 will move to 1065.
Resistance at 1095, if this resistance break, S&P500 will move to 1110.

Economic Data Release at 22 October 2009.
  • 10 October Continuing Claims and 17 October Initial Claims will be release at 08.30 ET. Analyst estimate a higher claims than last release.
  • September Leading Indicators will be release at 10.00 ET. Analyst estimate a better release than last release.
  • August FHFA Housing Price Index will be release at 10.00 ET. Analyst estimate that release will hold at steady level as last release.
Earning Report
21 October after market closed, AMGN, CTXS and EBAY released their earning report.
EBAY released their earning better than analyst estimation but lower than last year release, while AMGN and CTXS released their earning higher than last year earning and better than analyst estimation.
22 October before market open, MMM, T, BDK, BMY, BG, CELG, CIT, DAL, DOW, ETR, MCD, MRK, POT, RTN, TRV, UNP and UPS will release their earning report.
Analyst estimate that BMY, CELG, MCD, MRK, RTN and TRV will release their earning higher than last year release, while other may release their earning release lower than last year release.

Comments

Post a Comment

Popular posts from this blog

US Market at 2 Desember 2009

Image
Market at 2 December 2009 DJIA Open 10470.44 High 10513.52 Low 10421.47 Close 10452.68 NASDAQ Open 2178.80 High 2198.55 Low 2177.82 Close 2185.03 S&P500 Open 1109.03 High 1115.58 Low 1105.29 Close 1109.24 November Challenger Job Cuts released a lower release than last release. November ADP Employment Report released a better release than last release, but still in negative reading. 27 November Crude Inventories released a higher inventories than last release. November Fed Beige Book released that U.S. economy is improving modestly with little upward pressure on wages and finished goods despite commodity price gains. Commercial real estate and construction ran counter to the trend of moderate pickup.While jobs markets remained weak but were stabilizing and showing improvement. The Fed held benchmark interest rates at close to zero and promised to keep rates low to support a weak recovery likely to be held back by persistently high unemployment. DJIA moved testing resistance at 10535...
Read more

Citigroup Q1 better than estimate, oil getting higher

Image
Global Market Citigroup Inc. posted a $5.11 billion loss, less than analysts' estimates, and cut 9,000 jobs, it sending their shares higher and sparking a rally in U.S. stocks and the dollar. Citigroup reported $16 billion of writedowns and increased loan reserves as customers fell behind on home, car and credit-card payments. Their net loss of $1.02 a share compared with an estimate of $1.66 by analyst. Citigroup climbed $1.08 to $25.11. The Standard & Poor's 500 Index rose 1.8 percent and the dollar gained against the euro. Revenue fell to $13.2 billion, compared with analyst estimate of $11.1 billion. While the writedowns stuck their trading and investment-banking division revenue climbed in both the consumer and wealth-management businesses. The company benefited from a $633 million gain on its stake in Visa Inc., which make an initial stock offering and a $663 million gain on the sale of shares in Redecard SA. Citigroup set about $1.8 billion as reserves for bad consu...
Read more

US Market at 24 March 2010

Image
Market at 24 March 2010 DJIA Open 10887.62 High 10887.84 Low 10825.42 Close 10836.15 NASDAQ Open 2406.55 High 2408.64 Low 2396.92 Close 2398.76 S&P500 Open 1172.70 High 1173.04 Low 1166.01 Close 1167.72 February Durable Orders released a lower order than last release, while February Durable Orders ex Auto released a higher order than last release. February New Home Sales released a lower sales than last release. 20 March Crude Inventories released a higher inventories than last release. 24 March 2010 before market open, LEN 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 10815 and resistance at 10925 then closed at 10836.15. NASDAQ moved in trading range between support at 2380 and resistance at 2410 then closed at 2398.76. S&P500 moved in trading range between support at 1165 and resistance at 1175 then closed at 1167.72. Market at 25 March 2010 DJIA Supp...
Read more