US Market at 3 March 2010


Market at 3 March 2010
DJIA
Open 10406.28 High 10469.54 Low 10376.58 Close 10396.76
NASDAQ
Open 2285.70 High 2293.32 Low 2275.25 Close 2280.68
S&P500
Open 1119.36 High 1125.64 Low 1116.58 Close 1118.79

February Challenger Job Cuts YoY released a lower release than last release.
February ADP Employment Change and February ISM Services released a better release than last release.
26 February Crude Inventories released a higher inventories than last release.
March Fed's Beige Book released reports that consumer spending improved slightly, but in early February limited activity. Tourist activity reported mixed, with improvement in hotel occupancies. The demand for services was positive. Manufacturing activity strengthened, particularly in the high-tech equipment, automobile, and metal industries. Residential real estate markets improved, although activity remained weak due extreme weather. Commercial real estate and construction activity as weak, but showed slight stabilization and signs of modest improvement. Loan demand remained weak, and lending standards remained tight. Harsh weather continued to negatively affect agricultural activity. Price pressures were mostly limited, with the exception of some increases in raw materials prices. Even with input costs rising, selling prices remained stable due to competitive pressures and limited pricing power. Labor markets generally remained soft throughout the nation, which resulted in minimal wage pressures.

3 March 2010 before market open, BJ, COST and JOYG released their earning report.
JOYG released their earning better than analyst estimation but lower than last year release, while BJ and COST released their earning higher than last year earning but missed analyst estimation.

DJIA moved testing resistance at 10485 and moved down held by support at 10375 then closed at 10396.76.
NASDAQ moved testing resistance at 2300 and moved down held by support at 2275 then closed at 2280.68.
S&P500 moved testing resistance at 1125 and moved down held by support at 1115 then closed at 1118.79.

Market at 4 March 2010
DJIA
Support at 10360, if this support break, DJI will move to 10320.
Resistance at 10450, if this resistance break, DJI will move to 10505.
NASDAQ
Support at 2270, if this support break, NASDAQ will move to 2265.
Resistance at 2290, if this resistance break, NASDAQ will move to 2300.
S&P500
Support at 1115, if this support break, S&P500 will move to 1110.
Resistance at 1125, if this resistance break, S&P500 will move to 1130.

Economic Data Release at 4 March 2010.
  • 20 February Continuing Claims and 27 February Initial Claims will be release at 08.30 ET. Analyst estimate a better release than last release.
  • Q4 Productivity-Rev. and Q4 Unit Labor Costs will be release at 08.30 ET. Analyst estimate that release will hold at the same level as last release.
  • January Factory Orders will be release at 10.00 ET. Analyst estimate a better release than last release.
  • January Pending Home Sales will be release at 10.00 ET. Analyst estimate that release will hold at the same level as last release.
Earning Report
4 March 2010 before market open, CNQ will release their earning report. Analyst estimate their earning release is higher 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