Thursday 13 November 2014

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.



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

Wednesday 12 November 2014

FOREX Technical Report on USD and CAD


Technical analysis of  US Dollar and Canadian Dollar in the forex market
Technical Chart
SUMMARY
The primary trend of USD/CAD is bullish. It is sustaining below the falling trend line & consolidating with a positive bias. 


Prices are taking support from 30 SMA & can come up to test the 200 SMA . 

Today if the pair sustains above 1.1330 we can expect it to test the level of 1.1350/1.1370.
RSI is also sustaining in buying territory supporting the further bullishness in the market.
 
USD/CAD

STRATEGY 

For Today, USD/CAD is looking strong on chart. 

We can expect upside movement for few upcoming session. 

One can go for buy on dip strategy for this pair for intra day to mid term positions.

Monday 10 November 2014

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.

NYSE stocks overview



U.S. stock market ended on record highs on Monday, with bulls in transportation and health care sector. The Dow Jones industrial average rose 39.65 points or 0.23% to 17613.58, the S&P gained 6.33 points or 0.31%to 2038.25 and the NASDAQ Composite added 19.08 points, or 0.41% to 4651.62. With US bank holiday on Tuesday in observance of Veterans day, market is expected to trade in range with low volume.

BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Dean Foods
16.41
13.80
Key Energy Services
02.80
11.11
New Castle Investment
04.70
10.33
Global Partners
42.82
10.07
Light In The Box Holding ADS
07.57
09.71

 
BEARS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Resolute Energy
02.81
22.16
UCP CI A
11.70
15.16
Rayonier
28.84
14.94
Swift Energy
06.45
13.49
Arch Coal
02.50
12.41

Sunday 9 November 2014

US Stock Pick of the Day for 10th Nov '14 : FOSSIL GROUP INC

US stock pick of the day



Recommendation                Buy above $103.90
Target                                  $107.50

STOCK SUMMARY:-
Fossil Group Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $103.90 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 $107.50.


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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 $103.90 is expected, which would trigger further bullish sentiment in the stock to test the levels of $107.50.


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 highlights

US stock market highlights

U.S. stock market ended on a bearish note on Friday with dollar slipping and global equity market flat trade after US jobs report for October came out better than expected. 
  

Employers added 214,000 jobs in October and unemployment fell to a six year low of 5.8%, while the global economy faces showing demand. 

With no major data due on Monday, market is expected to trade in a range with low volume.


BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Channel Advisor
17.72
45.25
Q2 Holdings
18.84
24.77
Seventy Seven Energy
12.89
23.47
Arch Coal
02.91
20.25
Goodrich Petroleum
08.97
20.09

 

BEARS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Extended Stay America / ESH Hospitality
18.32
21.37
Hanger
19.88
17.82
TCP International Holdings
05.60
17.04
Abercrombie & Fitch
29.50
16.63
Amber Road
11.39
16.31

Thursday 6 November 2014

Wall Street Stock Pick for the upcoming session : VALERO ENERGY CORP NEW

Wall street stock pick of the day : Valero Energy Corporation


Recommendation     :           Buy above $51.25
Target                     :          $53.50

STOCK SUMMARY:-
 

Valero Energy Corp New is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $51.25 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 $53.50.

CHART FORMATION
 

Stock is in bullish trend for near term and price is sustaining below resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $51.25 is expected, which would trigger further bullish sentiment in the stock to test the levels of $53.50.

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.