US Stock Market Update Monday, February 09 2015

Market Overview:-

US equity market ended the week with a defensive finish. Equities climbed at the open in reaction to the release of a better than expected Non-farm Payrolls report for January. According to the bureau of Labor Statistics, January payrolls increased by 257,000 while the December reading saw a large upward revision to 329,000 from 252,000. 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 %
Exelis Inc.	24.13	36.25
Cambrex	30.01	27.54
Danaos	05.59	22.32
EXCO Resources	02.51	17.84
Twitter	48.01	16.36

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Niska Gas Storage Partners	01.57	27.31
Yelp	45.11	21.51
De Vry Education Group	36.24	18.10
Pandora Media	15.24	17.22
Tempur Sealy International	50.14	10.22

JACOBS ENGR GROUP INC DEL

 

Recommendation Buy above $41.75

 

Target $43.50

STOCK SUMMARY:-

Jacobs Engr Group Inc Del is overall in bearish trend and is sustaining at lower levels on chart. However, traders can buy the stock above the level of $41.75 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 $43.50.

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 $41.75 is expected which would trigger further bullish sentiment in the stock to test the levels of $43.50.

INDICATORS:-

RSI is trading with positive bias and is sustaining above the level of 45.

In MACD signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.

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.

GBP-USD Forex Technical Report for Wednesday, January 21 2015

 

SUMMARY:

The major trend of GBP/USD is bullish. Prices are sustaining below the falling trendline with a positive bias. Today if the pair breaks the psychological level of 1.5180 at upside we can expect it to test the level of 1.5200/1.5230. RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.

STRATEGY  

GBP/USD is successfully sustaining on higher level & looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Wall Street Stock Pick of the Day for the upcoming Trading Session : Dollar Tree Inc

Recommendation    :            Buy Above $71.00
Target                      :            $73.50
STOCK SUMMARY:-Dollar Tree Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock below the level of 71.00 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 $73.50.

CHART FORMATIONStock is in bullish trend for near term and price is sustaining above the trend line after breakout on daily chart. Near term breach of resistance level of $71 is expected which would trigger further bullish sentiment in the stock to test the levels of $47.50.

INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 30.
In MACD signal line is sustaining above MACD line 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 Pick of the Upcoming Session : MICHAEL KORS HLDGS LTD

Recommendation    :           Sell Below $73.15
Target                      :           $70.50

STOCK SUMMARY:-
Michael Kors Hldgs ltd is overall in consolidate trend and is sustaining at lower levels on chart. Traders can sell the stock below the level of $73.15 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 $70.50.

CHART FORMATION
Stock is in consolidate trend for near term and price is taking resistance from trend line with good consolidation on daily chart. Near term breach of support level of $73.15 is expected which would trigger further bearish sentiment in the stock to test the levels of $70.50.

Technical Chart

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