U.S. Stock Market Overview

U.S. stock market ended the Wednesday session on a bullish note despite enduring a bearish start. The first half of the session saw a brief dip into the red that was fuelled by the weakness in energy sector which was later ended in 1% profit after the FOMC minutes sparkled an afternoon rally that likely featured a short-covering component. Employment claims data is due on Thursday which is expected to come positive for the economy to support bulls in the market.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Alamos Gold	08.77	13.60
Fortuna Silver Mines	04.33	12.76
Eldorado Gold	07.59	11.62
Primero Mining	04.98	11.41
AuRico Gold	03.73	10.68

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
A10 Networks	04.55	42.41
IFM Investments ADS	01.80	13.88
Mistras Group	17.35	11.61
J.C. Penney	08.19	10.88
Midstates Petroleum	03.92	07.76

U.S. stock pick of the day : VF CORP

US stock pick of the day

Recommendation     :           Sell below $65.50
Target                     :            $64.10

STOCK SUMMARY:-
VF Corp is overall in bullish trend and is sustaining at higher levels on chart. Traders can sell the stock below the level of $65.50 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 $64.10.

CHART FORMATION
Stock is in consolidate trend for near term and price is expected may break the support from the trend line with double top pattern formation on daily intraday chart. Near term breach of support level of $65.50 is expected, which would trigger bearish sentiment in the stock to test the levels of $64.10.

INDICATORS:-
RSI is trading with negative bias and is sustaining below the level of 55.
In MACD, signal line is sustaining above MACD line which  is indicating bearish sentiment in the stock.

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NYSE Stocks Overview

NYSE Overview

 U.S. stock market ended Red on Tuesday, with major indexes falling more than 1%  each, as weak data out of Germany raised concerns about the strength of global growth ahead of the start of earnings session. The Consumer Credit report for August was released by the Federal Reserve and it showed that consumer credit increased by $13.50 billion which was lower than the estimate of $20.00 billion. FOMC Meeting Minutes is due on Wednesday, which is expected to come positive for the economy.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Companhia Energetica de Minas Gerais-Cemig ADS	06.80	09.32
Acorn International ADS	02.59	07.47
China Green Agriculture	02.18	06.86
Companhia Energetica de Minas Gerais- Cemig ADS	06.74	06.81
Vivint Solar	13.91	06.63

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Christopher & Banks	06.55	27.99
Container Store Group	16.20	25.99
Alpha Natural Resources	02.05	10.73
AGCO	42.10	10.62
IAMGOLD	02.40	09.59

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

US stock pick of the day

Recommendation    :            Sell below $99.04
Target                     :            $97.50

STOCK SUMMARY:-
Apple Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can sell the stock below the level of $99.04 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 $97.50.

CHART FORMATION
Stock is in consolidate trend for near term and price is expected may break the support from the trend line with good consolidation on daily intraday chart. Near term breach of support level of $99.04 is expected, which would trigger bearish sentiment in the stock to test the levels of $97.50.

 

 

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

NYSE yesterday's insights

NYSE insights

 U.S. stock market had a good start on Monday but that was all. The major indexes were at their highs for the first 15 minutes of the market which was later followed by retracement of its gains. The main pockets of weakness in the market were found in biotech, transport and semiconductor spaces. Jolt Jobs open data is due on Tuesday which is expected to come positive for the economy giving the bulls some more room to support the market.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Care Fusion	56.75	22.92
Petroleo Brasileiro ADS A	16.80	14.36
Petroleo Brasiliero ADS	15.80	13.10
Centrais Electricas Brasileiras ADS	02.88	11.20
Rio Tinto ADS	51.47	09.12

 

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BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Unisys	20.84	11.69
Myers Industries	15.83	08.97
Baltic Trading	03.60	07.22
CHC Group	04.99	07.08
Bio Amber	09.01	07.02

U.S. stock pick of the day : CONSTELLATION BRANDS INC

US stock pick of the day

Recommendation   :             Sell below $84.05
Target                      :             $82.50

STOCK SUMMARY:-
Constellation Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can sell the stock below the level of $84.05 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 $82.50.

CHART FORMATION
Stock is in consolidate trend for near term and price is expected may break the support from the trend line with good consolidation on daily intraday chart. Near term breach of support level of $84.05 is expected, which would trigger bearish sentiment in the stock to test the levels of $82.50.

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

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U.S. stock market overview

U.S. stock market overview

On Friday it was best day for the S&P 500 since August following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. Economy. The Dow Jones industrial average, DJI rose 207.55 points, or 1.24 %, to 17,008.6, the S&P 500 .SPX gained 21.58 points, or 1.11 %, to 1,967.75 and the NASDAQ Composite .IXIC added 45.43 points, or 1.03%, to 4,475.62.

 

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Demandware (DWRE)	61.31	17.28
Zendesk (ZEN)	25.62	17.21
Leju Holdings ADS (LEJU)	14.25	13.28
Media General (MEG)	14.88	12.47
Acorn International ADS (ATV)	2.35	10.85

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Wayfair Cl A (W)	31.41	-16.73
Cliffs Natural Resources (CLF)	8.35	-16.50
Walter Energy (WLT)	2.06	-12.55
Arch Coal (ACI)	1.88	-8.98
DRDGOLD ADS (DRD)	3.05	-8.68