US Market at 6 January 2010


Market at 6 January 2010
DJIA
Open 10564.72 High 10594.99 Low 10546.55 Close 10573.68
NASDAQ
Open 2306.20 High 2314.07 Low 2295.68 Close 2301.09
S&P500
Open 1135.71 High 1139.19 Low 1133.95 Close 1137.14

December Challenger Job Cuts released at the same level as last release.
December ADP Employment Report released a better release than last release, but still in negative reading.
December ISM Services also released a better release than last release.
31 December Crude Inventories release a higher inventories than last release.

6 January 2010 before market open, FDO and MON will release their earning report.
MON released a lower earning than last year release and missed analyst estimation, while FDO released their earning higher than last year earning and better than analyst estimation.

DJIA moved in trading range between support at 10535 and resistance at 10595 then closed at 10573.68.
NASDAQ moved in trading range between support at 2300 and resistance at 2315 then closed at 2301.09.
S&P500 moved in trading range between support at 1130 and resistance at 1140 then closed at 1137.14.

Market at 7 January 2010
DJIA
Support at 10550, if this support break, DJI will move to 10525.
Resistance at 10595, if this resistance break, DJI will move to 10620.
NASDAQ
Support at 2295, if this support break, NASDAQ will move to 2285.
Resistance at 2310, if this resistance break, NASDAQ will move to 2325.
S&P500
Support at 1135, if this support break, S&P500 will move to 1130.
Resistance at 1140, if this resistance break, S&P500 will move to 1145.

Economic Data Release at 7 January 2010.
  • 26 December Continuing Claims and 2 January Initial Claims will be release at 08.30 ET. Analyst estimate a higher claims than last release.
Earning Report
6 January 2010 after market closed, BBBY released their earning report. They released their earning higher than last year earning and better than analyst estimation.
7 January 2010 before market open, LEN will release their earning report. Analyst estimate their earning release is lower than last year release.

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