US Market at 2 Desember 2009


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 and moved up down held by support at 10440 then closed at 10452.68.
NASDAQ moved testing resistance at 2195 and moved up down held by support at 2175 then closed at 2185.03.
S&P500 moved testing resistance at 1115 and moved up down held by support at 1105 then closed at 1109.24.

Market at 3 December 2009
DJIA
Support at 10410, if this support break, DJI will move to 10370.
Resistance at 10505, if this resistance break, DJI will move to 10555.
NASDAQ
Support at 2175, if this support break, NASDAQ will move to 2165.
Resistance at 2195, if this resistance break, NASDAQ will move to 2205.
S&P500
Support at 1105, if this support break, S&P500 will move to 1100.
Resistance at 1115, if this resistance break, S&P500 will move to 1120.

Economic Data Release at 3 December 2009.
  • 21 November Continuing Claims and 28 November Initial Claims will be release at 08.30 ET. Analyst estimate a higher claims than last release.
  • Q3 Productivity-Rev. and Q3 Employment Cost Index will be release at 08.30 ET. Analyst estimate a lower release than last release.
  • November ISM Services will be release at 10.00 ET. Analyst estimate a better release than last release.
Earning Report
3 December before market open, TOL will release their earning report. Analyst estimate their earning release is lower than last year release.

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