Thursday 3 September 2015

DOW JONES30 Future Index Technical Analysis for the upcoming session


DOW JONES 30

Major trend of Dow Jones 30 is bearish on daily charts. It has given upside recovery in last week trading session. It is again showing good recovery from lower level. It is likely to give northward movement in upcoming session as it has give closing below 50 DMA and trading with resistance of 200 DMA on hourly chart. On lower side it has support level of 16100. If it manages to sustain above 50 DMA and gives break out above 200 DMA then it would bring a strong confidence to reach 16700. Currently it is having resistance of 16400.

Dow Jones


INDICATOR:-
RSI is about to cross up the 50 mark on hourly chart time frame. On ADX is likely to move up with strong accumulation on chart. ADX trading above 35 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI.



Sunday 5 April 2015

US Stock Market Updates for Monday, April 06 2015

US Stock Market Updates

US stock market closed the session on Friday in green. The Dow Jones industrial average gained 65 points or 0.37% to close at 17763, the NASDAQ Composite index gained 7 points or 0.14% to close the day at 4887 and the S&P 500 index gained 7 points or 0.35% to end the session at 0.35%. Manufacturing data is due on Monday and is expected to help support the market to end up in green.



BULLS OF THE STREET (NYSE)

Name
Close Price ($)
Change %
New York
03.07
23.29
500.com
12.29
17.95
Cheetah Mobile ADS
20.09
15.06
China Cord Blood
05.69
11.79
Genie Energy
09.01
11.79



BEARS OF THE STREET (NYSE)

Name
Close Price ($)
Change %
Journal Media Group
07.91
10.11
Seventy Seven Energy
03.82
07.51
Western Refining
46.32
06.42
Holly Frontier
37.85
06.24
Motorola Solutions
62.51
05.75





Friday 27 March 2015

US Stock Market Technical Analysis and Forecast Friday, March 27 2015

US Stock Market Technical Analysis
NYSE

US Stock market registered its fourth consecutive decline on Thursday with all major sectors ending up in red. The Dow Jones industrial average lost 41 points or 0.23% to close at 17678, the NASDAQ Composite lost 14 points or 0.28% to close the day at 4963 and the S&P 500 index lost 5 points or 0.25% to end the session at 2056. Final GDP data is due on Friday which is expected to come positive for the economy to help support the falling stock market.
 
Stock to watch today : Cerner Corp
 
Recommendation   :            Buy Above $73.00
Target                     :             $75.50

STOCK SUMMARY:-
Cerner Corp is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $73.00 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $75.50.

CHART FORMATION
Stock is in bullish trend for near term and price is taking support above the trend line on daily chart. Near term breach of major resistance level of $73.00 is expected which would trigger further bullish sentiment in the stock to test the levels of $75.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.

Tuesday 17 March 2015

US Stock Market Technical Analysis and Stock Pick for Wednesday, March 18 2015

US stock market closed the Tuesday's session on a mixed note ahead of Wednesday's Federal Reserve Policy announcement. The Dow Jones industrial average lost 128 points or 0.71% to close at 17849, the NASDAQ Composite index gained 7 points or 0.15% to close the day at 4937 while the S&P 500 index lost 7 points or 0.35% to end the session at 2074. FOMC statement is due on Wednesday and is expected to have a positive impact on the US economy to drive the market higher.


Stock Pick of the day : QUEST DIAGNOSTIC INC


Recommendation    :          Buy Above $74.50
Target                    :          $76.50

STOCK SUMMARY:-
Quest Diagnotic Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $74.50 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $76.50.

CHART FORMATION
Stock is in bullish trend for near term and price is taking support above the trend line on daily chart. Near term breach of major resistance level of $74.50 is expected which would trigger further bullish sentiment in the stock to test the levels of $76.50.

Technical Chart

TECHNICAL ANALYSIS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining over MACD line which is indicating bullish sentiment in the stock.

Sunday 15 March 2015

AUD/CAD Forex Signal for Monday, March 16 2015


AUD/CAD (4 HOURLY )

AUD/CAD

RECOMMENDATION : BUY TARGET 0.9945
 
SUMMARY:
The major trend of AUD/CAD is bearish but from past few weeks prices are not sustaining at lower levels & consolidating near the important level of 0.9810. Prices are taking resistance of falling trendline & consolidating with strong positive bias. If the pair breaks the important level of 0.9810 at upside then we can expect it to test the level of 0.9880/0.9945.

INDICATORS:-
RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining above the zero line,indicating the up trend in the market.

STRATEGY:- AUD/CAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.



 

Thursday 19 February 2015

Stock Pick of the Day : BARD C R INC

BARD C R INC

Recommendation               Buy Above $176.50
Target                                 $180.50

STOCK SUMMARY:-
Bard C R Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $176.50 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $180.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining above trend line with the expectation of level breakout on daily chart. Near term breach of major resistance level of $176.50 is expected which would trigger further bullish sentiment in the stock to test the levels of $180.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.

Friday 13 February 2015

US Stock Market Update and Stock Pick for Friday, February 13 2015

 

Market Overview:-

US equity market ended on a positive note on Thursday with cease fire news between Ukraine and Russia and a pick up in oil prices. The Dow Jones industrial average gained 110.24 points or 0.62% to close the day at 17972, NASDAQ Composite gained 56.43 points or 1.18% to close the day at 4857.61 and the S&P 500 Index gained 19.95 points or 0.96% to end the session at 2088. Consumer sentiment data is due on Friday which is expected to come positive for the US economy and lead the market to the new higher levels.

BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Orbitz Worldwide
11.72
21.83
Luxosoft Holding
48.86
13.21
RTI International Metals
27.31
12.43
GNC Holdings CI A
48.66
12.25
Schweitzer- Mauduit International
44.01
10.49



Stock pick of the day : ALLEGHENY TECHNOLOGIES INC
Technical Chart



Recommendation               Buy Above $33.81
Target                                 $35.50


STOCK SUMMARY:-
Allegheny Technologies Inc is overall in bearish trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $33.81 which is a near term resistance level for the stock and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $35.50.

CHART FORMATION
Stock is in consolidate trend for near term and price is sustaining above trend line with the expectation of level breakout on daily chart. Near term breach of major resistance level of $33.81 is expected which would trigger further bullish sentiment in the stock to test the levels of $35.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining below the level of 50.
In MACD signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.