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.

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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.

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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

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.

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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.

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.

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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.

GBP-USD Forex Technical Report for Wednesday, January 21 2015

 

SUMMARY:

The major trend of GBP/USD is bullish. Prices are sustaining below the falling trendline with a positive bias. Today if the pair breaks the psychological level of 1.5180 at upside we can expect it to test the level of 1.5200/1.5230. RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.

STRATEGY  

GBP/USD is successfully sustaining on higher level & looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Wall Street Stock Pick of the Day for the upcoming Trading Session : Dollar Tree Inc

Recommendation    :            Buy Above $71.00
Target                      :            $73.50
STOCK SUMMARY:-Dollar Tree Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock below the level of 71.00 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 $73.50.

CHART FORMATIONStock is in bullish trend for near term and price is sustaining above the trend line after breakout on daily chart. Near term breach of resistance level of $71 is expected which would trigger further bullish sentiment in the stock to test the levels of $47.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 30.
In MACD signal line is sustaining above MACD line which  is indicating bearish sentiment in the stock.

US Stock Pick of the Upcoming Session : MICHAEL KORS HLDGS LTD

Recommendation    :           Sell Below $73.15
Target                      :           $70.50

STOCK SUMMARY:-
Michael Kors Hldgs ltd is overall in consolidate trend and is sustaining at lower levels on chart. Traders can sell the stock below the level of $73.15 which is a near term support level for the stock and if it manages to breach this level further bearish movement is expected in this stock to test the levels of $70.50.

CHART FORMATION
Stock is in consolidate trend for near term and price is taking resistance from trend line with good consolidation on daily chart. Near term breach of support level of $73.15 is expected which would trigger further bearish sentiment in the stock to test the levels of $70.50.

Technical Chart

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

US Stock Pick for the Upcoming Trading Session : Facebook

Stock Pick of the Day

Recommendation                Buy Above $79.00
Target                                  $81.50

STOCK SUMMARY:-Facebook Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $79.00 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 $81.50.


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CHART FORMATION
Stock is in consolidate trend for near term and price is sustaining below the resistance trend line with good consolidation on daily chart. Near term breach of resistance level of $79.00 is expected, which would trigger further bullish sentiment in the stock to test the levels of $81.50.

Technical Chart

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.

US Stock Pick of the day and analysis

EXPEDIA INC DEL

Recommendation      :          Buy above $89.26
Target                      :          $91.50

STOCK SUMMARY:-
Expedia Inc del is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $89.26 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 89.26.

CHART FORMATIONStock is in bullish trend for near term and price is sustaining above trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $89.26 is expected, which would trigger further bullish sentiment in the stock to test the levels of $91.50.

Technical Chart

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.

Stock Market ended positive as US economy got stronger

U.S. stock market ended on a on a positive note on Wednesday, as momentum for European Central Bank to launch a bond-buying program. In economic news, a reading of private sector employment showed that hiring slowed in November, though employers added more than 200,000 jobs in seven of past eight months. US economy is getting stronger as per the reports released on regular basis, and might still continue its bullish trend with the release of employment data due on Thursday.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Gas Log	18.62	16.74
Nevro	34.00	12.96
Titan International	10.75	11.86
Vivint Solar	09.45	11.44
New Source Energy Partners	10.89	11.24

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Cyan	02.07	15.51
Puma Biotechnology	197.67	12.15
Eclipse Resources	08.06	10.64
Cash America International	21.13	06.46
Basic Energy Services	07.04	06.26

US stock Market Analysis and Stock Picks

Wall Street Analysis and Predictions

U.S. stock market ended on a negative note on Monday as report from China and Europe were disappointing. Weak Black Friday sales were also weighing on markets, especially retail stocks. With tech giants price falling the NASDAQ Composite saw its steepest fall in seven weeks. Energy & Utility stocks were the only green spots on wall street. With no major data due on Tuesday market is expected to trade in a range with less volume.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Compania de Minas Buenaventura ADS	10.53	13.84
Primero Mining	04.55	12.07
IAMGOLD	02.35	11.37
Au Rico Gold	03.83	11.34
Coeur Mining	04.56	10.95

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Miller Energy Resources	01.59	31.47
Goodrich Petroleum	04.73	21.82
North Atlantic Drilling	01.94	20.16
LRR Energy	09.23	19.04
Delek Logistics Partners	30.80	16.73

US Stock Pick of the Day and Technical Analysis

MATTEL INC

Stock Pick of the Day

Recommendation    :            Buy above $31.91
Target                     :           $34.50

STOCK SUMMARY:-
Mattel Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $31.91 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 $34.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining below trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $31.91 is expected, which would trigger further bullish sentiment in the stock to test the levels of $34.50.

Technical Chart

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.

US Stock Market and Stock Pick of the Day

US equity market ended little changed on Tuesday as the US economy grew more than expected last quarter. Weak consumer confidence and house price data kept major indexes in a narrow range. The Dow Jones industrial average fell 2.83 points or 0.02% to close at 17815.07, the S&P 500 lost 2.28 points or 0.11% to close at 2067.13 and the NASDAQ Composite added 3.36 points or 0.07% to close the day at 4758.25. Core durable goods, Employment claims and Home sales data are due on Wednesday, which might cause volatility in market with high volume.


Stock Pick for the day : ADOBE SYS INC

Technical Chart

Recommendation    :           Buy above $72.55
Target                     :           $74.50

STOCK SUMMARY:-Adobe Sys Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $72.55 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 $74.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining below resistance trend line with bullish flag pattern formation on daily intraday chart. Near term breach of resistance level of $72.55 is expected, which would trigger further bullish sentiment in the stock to test the levels of $74.50.

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.

US Stock Market Overview

U.S. stock market closed on a positive note on Monday on hopes that China will take monetary policy further, if needed. The Dow Jones industrial average rose 7.39 points or 0.04% to close at  17817.45, the S&P 500 gained 5.94 points or 0.29% to close at 2069.44 and the NASDAQ Composite added 41.92 points or 0.89% to 4754.89. Although DOW & S&P are trading at their record highs but they were not able to break the benchmark level which was set last Friday. Consumer Confidence and GDP data are due on Tuesday, which are expected to come positive for the US economy, to take the market set new highs.

NATIONAL OIL WELL VARCO INC

Technical Chart

Recommendation     :          Buy above $74.50
Target                     :           $76.50
STOCK SUMMARY:-National Oil Well Varco Inc is overall in consolidate trend and is sustaining at lower 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 FORMATIONStock is in bullish trend for near term and price is sustaining above resistance trend line with symmetrical triangle pattern formation on daily intraday chart. Near term breach of resistance level of $74.50 is expected, which would trigger further bullish sentiment in the stock to test the levels of $76.50.

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.

Wall Street Pick of the Day : CONAGRA FOODS INC

Pick of the Wall Street

Recommendation   :             Buy above $34.95
Target                     :             $39.50

STOCK SUMMARY:-
 

Conagra Foods Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $34.95 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 $39.50.

CHART FORMATION
 

Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $34.95 is expected, which would trigger further bullish sentiment in the stock to test the levels of $39.50.

Technical Chart

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.

Wall Street Updates, Technical Analysis and Predictions

Wall Street Updates

U.S. stock market ended on a bullish note on Wednesday with wall street betting that an improving economy lead to a boom in home repairs and remodelling. Homes have been selling at somewhat brisk pace which usually pushes homeowners to spend on improvements before moving in. With Unemployment claims due on Thursday, market is expected to keep up the same bullish pace to trade at new highs.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
CGG ADS	08.59	26.70
Matson	35.21	20.46
Everyday Health	14.55	15.66
Meritor	13.86	12.87
58.com	46.12	11.16

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Wayfair CI A	21.31	09.93
SeaWorld Entertainment	16.85	09.41
ION Geophysical	02.71	09.36
Resolute Energy	02.50	07.41
Rice Energy	26.21	07.35