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 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.

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

 

US StockMarket Updates

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.

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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.

Wall Street Analysis and Predictions for the next Sesssion

U.S. stock market closed on a flat note with Christmas shortened Wednesday.  The Dow Jones Industrial Average rose 6.04 points or less than 0.1% to close at 18030.21. The S&P 500 Index, slipped 0.29 points to finish at 2081.88. The Nasdaq Composite Index fared the best of the three advancing 8.05 points or 0.2% to end the day at 4773.47. With no major data due on Friday, market is expected to trade in range with low volume.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Amira Nature	12.75	30.10
Navigator Holdings	20.18	12.74
AU Optronics ADS	05.42	12.45
Lending Club	25.32	09.71
Unifi	30.24	09.53

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Nuverra Environmental Solutions	04.96	08.15
NQ Mobile ADS	04.32	07.69
Luxfer Holdings ADS	14.62	06.82
Sanchez Energy	09.91	06.69
Civeo	08.01	06.53

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

Crude Falls, US Stock Market Ends Flat

NYSE

U.S. stock market ended on a flat note on Black Friday with falling crude oil prices. An index of oil and gas exploration tumbled 8.15% on Friday as US crude fell almost 10% to around $66.36 per barrel to hit its lowest in 4-1/2 years. The overall energy sector of the S&P 500 fell 6.3% on Friday, adding to its year-to-date losses, now at 10.3%. Manufacturing data is due on Monday, which is expected to come positive for the economy to maintain the sustained bullish trend in the market by investors.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
United Continental Holdings	61.23	08.18
Zhaopin ADS	15.12	07.31
Southwest Airlines	41.82	06.47
China Eastern Airlines ADS	24.85	05.79
China Southern Airlines ADS	22.53	05.77

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Goodrich Petroleum	06.05	34.24
Laredo Petroleum	10.45	33.52
Resolute Energy	01.88	31.14
Swift Energy	04.50	29.80
Sanchez Energy	11.29	29.48

NYSE Last Session Overview

U.S. stock market closed flat on Wednesday with concerns over latest policy meeting by the Federal reserve. The stock market rallied shortly after the Fed minutes release at 2 pm. The Dow rose 30 points before falling back with investors concern over interest rate hike in early 2015. The Fed also cut its inflation outlook for the fourth quarter and early next year due to falling oil prices. The lack of inflation could allow the Fed to hold off a little while longer before deciding to raise rates. Employment report along with consumer price data is due on Thursday, which are expected to support the bulls to take the equity market at new highs.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
CGG ADS	10.58	23.02
Stage Stores	18.78	19.31
China Distance Education Holdings ADS	17.70	18.24
Roundys	03.88	12.14
Centrais Electricas Brasileiras ADS	02.28	11.22

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
North Atlantic Drilling	03.16	20.40
Cliffs Natural Resources	08.22	19.44
Constellium CI A	17.85	14.88
Leju Holdings ADS	12.08	14.69
E-House Holdings ADS	08.48	10.97

U.S. Stock Market Overview

US stock market

U.S. stock market ended lower on Friday with health-care shares sank to offset gains among energy producers and investors weighed whether the recent rally in equities may have been overdone. The market has shown a big rally in October to a record on Nov.11 as corporate earnings topped estimates and economic data showed the US economy was weathering a global slowdown as the Federal Reserve ended its bond buying program. With no major data due on Monday market might trade in range with less volume to sustain its uptrend.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Pandora Media	21.51	16.59
Bitauto Holdings ADS	91.99	16.02
Intra Links Holdings	10.94	14.32
Coeur Mining	04.28	12.63
Navios Maritime Holdings	05.88	11.81

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Movado Group	26.25	31.84
Puma Biotechnology	216.22	09.72
American Vanguard	11.92	09.28
Ocwen Financial	20.59	08.97
Century Communities	16.96	07.78

Wall Street Stock Pick of the day : INTERNATIONAL FLAVORS & FRAGRANCE

Recommendation     :           Buy above $100.50
Target                       :          $103.50

STOCK SUMMARY:-
 
International Flavors & Fragrance is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $100.50 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 $103.50.

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 $100.50 is expected, which would trigger further bullish sentiment in the stock to test the levels of $103.50.

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.