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 Forecast Friday, March 27 2015

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.

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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.

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 Overview as on Tuesday, February 10 2015

 

Market Overview:-

US stock market started the new week on a sleepy note with low trading volume. The Dow Jones industrial average lost 95 points or 0.53% to close the session at 17729, the NASDAQ lost 18 points or 0.39% to close the day at 4726 while the S&P 500 lost 8 points or 0.41% to end the session at 2047. With no major data due on Tuesday, market is expected to trade in a range with low volume.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Swift Energy	03.02	14.83
Paragon Offshore	03.35	13.18
Civeo	03.71	11.75
Frontline	02.90	11.54
Rio Alto Mining	02.93	10.98

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Amira Nature Foods	09.95	25.75
Taomee Holdings ADS	03.07	14.96
Sand Ridge Energy	01.96	10.50
Tahoe Resources	12.85	08.93
Comstock Resources	05.48	07.43

WallStreet Overview as on Friday, February 06 2015

US equity market ended the Thursday session on a positive note with rebound in oil prices and upbeat quarterly earnings. The Dow Jones industrial average gained 212 points or 1.20% to close at 17885, the Nasdaq Composite gained 48 points or 1.02% to close at 4765 while the S&P 500 index gained 21 points or 1.05% to end the session at 2063. Employment rate data is due on Friday, which is expected to come positive for the economy to help continue its recent bullish trend.

Stock pick of the Day : CONCOPHILLIPS


Recommendation   :           Buy above $68.00
Target                    :           $70.50
STOCK SUMMARY:-

Consophillips is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $68.00 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 $70.50.

CHART FORMATION

Stock is in bullish trend for near term and price is sustaining above resistance trend line with the expectation of level breakout on daily chart. Near term breach of major resistance level of $68.00 is expected which would trigger further bullish sentiment in the stock to test the levels of $70.50.

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 and Stock Pick as on Monday, February 02 2015

 

US equity market ended down the month on a sharply lower note. The key market indexes struggled at

the start after a disappointing GDP report for the fourth quarter introduced deteriorating global growth 

outlook. The Dow Jones Industrial average lost 251.90 points or 1.45% to close the session at 17165, 

NASDAQ Composite lost 45.17 points or 1.03% to close the session at 4635 while the S&P 500 index 

lost 26.26 points or 1.30% to end the session at 1995. ISM manufacturing data is due on Monday, 

which is expected to come negative for the economy to continue the bear phase in the market.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Shake Shack CI A	45.90	118.57
Infra REIT	26.60	15.65
Gigamon	18.41	14.56
Manpower Group	72.88	12.30
Cencosud ADS	07.53	11.89

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Green Dot CI A	15.25	23.17
Deckers Outdoor	66.05	19.72
Eldorado Gold	04.78	14.18
Unisys	21.93	13.25
Graham	20.69	10.59

ACTAVIS PLC

 

Recommendation Sell Below $265.85

 

Target $258.50

STOCK SUMMARY:-

 

Actavis Plc is overall in bullish trend and is sustaining at higher levels on chart. However, traders can 

sell the stock below the level of $265.85 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 

$258.50.

CHART FORMATION

 

Stock is in bearish trend for near term and price is taking support on trend line with the expectation of 

formation of rounding top pattern on daily chart. Near term breach of major support level of $265.85 is 

expected which would trigger further bearish sentiment in the stock to test the levels of $258.50.

INDICATORS:-

 

RSI is trading with negative bias and is sustaining at the level of 50.

 

In MACD signal line has cross-over MACD line downside which is indicating bearish 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 updates and Forecast

U.S. Stock Market Overview

U.S. stock market closed on a positive note on Monday with the S&P 500 ending at a record as large-cap technology shares rose, though continued weakness in crude oil prices weighed on the energy sector. The Dow Jones industrial average gained 155.09 points or 0.87 percent to close at  17959.89, the S&P 500 rose 7.95 points or 0.38 percent to close 2078.6 and the Nasdaq Composite added 16.04 points or 0.34 percent to end the session at 4781.42. GDP and New Home sales data is due on Tuesday, which is expected to come positive for the economy to continue its bullish trend at the same pace.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
e-hi Car Services ADS	09.50	17.43
Dover Motorsports	02.80	15.23
Nevro	38.99	12.14
Skilled Health Group CI A	08.80	09.18
Knowles	21.76	07.83

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Ocwen Financial	15.93	27.26
Primero Mining	03.12	17.15
Pretium Resources	05.05	14.39
NQ Mobile ADS	03.55	13.20
Nationstar Mortgage Holdings	28.01	12.52