U.S. stock market insights today

U.S. Stock market insights

U.S. stock finished on a positive note with the choice taken by the California Public Retirement System (CalPERS) to passageway all mutual funds inside one year from now. Dow Jones Industrial average 100.96 points, or 0.59% , to close at 17132.10. S&p 500 picked up 14.87 points or 0.75percent to close at 1999 and the NASDAQ Composite added 33.86 points or 0.75percent to close at 4552.76. Market is presently peering toward on Federal Funds Rate proclamation due on Wednesday which is required to come positive for the economy.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Glimcher Realty Trust	13.76	29.93
Bill Barrett	23.47	10.24
PBF Logistics	27.33	10.16
Teekay Tankers	04.22	09.61
BBVA Banco Frances ADS	13.14	09.14

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Atlantic Power	02.58	32.41
Hyperdynamics	01.80	13.88
Silver Spring Networks	10.83	08.61
Washington Prime group	17.25	06.55
China Green Agriculture	02.41	05.86

U.S. stock pick of the day : WELLS FARGO & CO NEW

Recommendation    : Buy above $52.30
 

Target                     : $54.50

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STOCK SUMMARY:-

Wells Fargo & Co is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $52.30 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 $54.50.

CHART FORMATION

Stock is in bullish trend for near term and price is sustaining above the trend line, with inverse Head and Shoulder pattern and good consolidation on daily intraday chart. Near term breach of resistance level of $52.30 is expected, which would trigger bullish sentiment in the stock to test the levels of $54.50.

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.

U.S. stock market today's overview

NYSE today

US Stock market ended on a mixed note on Monday that saw relative strength among large-cap stocks, while high beta names underperformed. The day began on a cautious note amid continued concerns regarding the strength of the global economy. But, once the session got going, high growth stocks weighed on the market. Manufacturing data due on Tuesday is expected to come positive for the economy to support the market at these lower levels.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
DRDGOLD ADS	02.88	21.01
Miller Energy Resources	04.90	12.64
Alere	41.14	12.37
Primero Mining	06.04	07.86
Cliffs Natural Resources	14.98	05.94

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
USEC	02.73	11.65
Pulse Electronics	02.37	11.57
China Green Agriculture	02.56	10.18
Dawo New Energy ADS	43.11	09.64
Cheetah Mobile ADS	24.10	09.26

U.S. stock pick of the day

 

U.S. Stock pick of the day

Recommendation  :              Buy above $63.15

Target                    :              $65.50

STOCK SUMMARY:-

Akamai Technologies Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $63.15 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 $65.50.
 

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CHART FORMATION

Stock is in bullish trend for near term and price is sustaining above the trend line and with good consolidation on daily intraday chart. Near term breach of resistance level of $63.15 is expected, which would trigger bullish sentiment in the stock to test the levels of $65.50.

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 equity market today's overview

Today's U.S. stock market overview

US stock market finished on a somewhat higher note on Thursday recuperating from prior misfortunes of the day with increase in vitality imparts as they skiped once again to oil costs. S&P 500 picked up 1.67 focuses or 0.08% to close at 1997.36. The NASDAQ Composite added 5.28 focuses or 0.12% to close at 4591.81. The Dow Jones Industrial average however lost 19.78 points or 0.12% to close at 17048.93. Retail deals and Consumer notion information is expected on Friday which is required to come positive for the economy to help bulls assume control over the business sector assessments.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
NeoPhotonics	03.00	11.11
Vail Resorts	85.05	10.78
Nuverra Environmental Solutions	14.98	10.07
Taminco	26.18	09.63
Rubicon Project	10.73	08.23

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Brady CI A	25.00	07.65
Rex American Resources	96.11	07.12
First Marblehead	04.40	06.58
Leju Holdings ADS	15.13	06.43
Coupons.com	14.09	06.38

FOREX hike in Sterling

United Kingdom's currency rates over United States of America's dollars' is one of most traded forex exchange pair which tracks development of the major developed economies and sets a trend for other currency pairs.

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Great Britain's Pound (GBP) traded almost flat against dollar holding its stable rates on Thursday after recovering from its lowest bench point of 10-months recorded on Monday.

Sterling fell on rising announcement of Scotland's independence which brought its forex values to an unexpected slowdown. Though, GBP/USD traced a recovery path, concerns over independence of Scotland are likely to hold high risk quotient on GBP trading.

The latest trading quotes of pair reported slipping at 0.06 percent with summarizing trade value at 1.6201 today. According to yesterday's data, the pair located trades around the levels of 1.6050 holding the weakest level since the fall of November 2013.

The range bounds for GBP/USD for Thursday trading is between 1.6100 supporting level with resistance at 1.6280 level.

British sterling climbed up in trade after the country launched a new poll to recheck the data produced by YouGov research. The new opinion poll supported the campaign posting NO to Scottish independence as 53 percent attendants voted against the move.

Therefore, Scotland's independence is the biggest concern for UK markets and it's currency's valuation in forex trade.

In other trades also, sterling climbed higher against the world currencies, with EUR/GBP sinking 0.06 percent floating at 0.7962, compared to its yesterday's hike coming to three-month highest record at 0.8065.

U.S. stock pick of the day : Facebook Inc

U.S. stock pick of the day

Recommendation   :  Buy above $78.25
 

Target                    :   $80.50

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 $78.25 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 $80.50.

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CHART FORMATION
 

Stock is in bullish trend for near term and price is sustaining above the trend line and with good consolidation on daily intraday chart. Near term breach of resistance level of $78.25 is expected, which would trigger bullish sentiment in the stock to test the levels of $80.50.

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.