US Market at 3 February 2010


Market at 3 February 2010
DJIA
Open 10291.73 High 10307.20 Low 10231.93 Close 10270.55
NASDAQ
Open 2182.11 High 2194.53 Low 2176.75 Close 2190.91
S&P500
Open 1100.67 High 1102.72 Low 1093.97 Close 1097.28

January Challenger Job Cuts released a better release than last release.
January ADP Employment Change released a better release than last release, but still in negative reading.
January ISM Services released a better release than last release.
29 January Crude Inventories released a higher inventories than last release.

DJIA moved in trading range between support at 10210 and resistance at 10350 then closed at 10270.55.
NASDAQ moved in trading range between support at 2170 and resistance at 2200 then closed at 2190.91.
S&P500 moved in trading range between support at 1090 and resistance at 1100 then closed at 1097.28.

Market at 4 February 2010
DJIA
Support at 10230, if this support break, DJI will move to 10195.
Resistance at 10305, if this resistance break, DJI will move to 10345.
NASDAQ
Support at 2180, if this support break, NASDAQ will move to 2170.
Resistance at 2200, if this resistance break, NASDAQ will move to 2205.
S&P500
Support at 1095, if this support break, S&P500 will move to 1090.
Resistance at 1100, if this resistance break, S&P500 will move to 1105.

Economic Data Release at 4 February 2010.
  • 15 January Continuing Claims and 30 January Initial Claims will be release at 08.30 ET. Analyst estimate a better release than last release.
  • Q4 Productivity-Prel and Q4 Unit Labor Costs - Preliminary will be release at 08.30 ET. Analyst estimate a lower release than last release.
  • December Factory Orders will be release at 10.00 ET. Analyst estimate a lower release than last release.
Earning Report
3 February 2010 after market closed, AKAM, ATW, AVB, BRCM, CSCO and V released their earning report.
ATW released their earning better than analyst estimation but lower than last year release.
AKAM, AVB, CSCO and V released their earning higher than last year earning and better than analyst estimation, while BRCM released their earning higher than last year earning but missed analyst estimation.
4 February 2010 before market open, BG, CME and MA will release their earning report.
Analyst estimate that CME might release their earning lower than last year release, while BG and MA might release higher.

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