U.S. Stock Market Overview

US stock market

U.S. stock market ended lower on Friday with health-care shares sank to offset gains among energy producers and investors weighed whether the recent rally in equities may have been overdone. The market has shown a big rally in October to a record on Nov.11 as corporate earnings topped estimates and economic data showed the US economy was weathering a global slowdown as the Federal Reserve ended its bond buying program. With no major data due on Monday market might trade in range with less volume to sustain its uptrend.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Pandora Media	21.51	16.59
Bitauto Holdings ADS	91.99	16.02
Intra Links Holdings	10.94	14.32
Coeur Mining	04.28	12.63
Navios Maritime Holdings	05.88	11.81

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Movado Group	26.25	31.84
Puma Biotechnology	216.22	09.72
American Vanguard	11.92	09.28
Ocwen Financial	20.59	08.97
Century Communities	16.96	07.78

Wall Street Pick of the Day : CONAGRA FOODS INC

Pick of the Wall Street

Recommendation   :             Buy above $34.95
Target                     :             $39.50

STOCK SUMMARY:-
 

Conagra Foods Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $34.95 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 $39.50.

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 $34.95 is expected, which would trigger further bullish sentiment in the stock to test the levels of $39.50.

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.

US Stock Market Insights

Wall Street Analysis & Updates

U.S. stock market started the day on an bullish note with the S&P 500 rising into fresh record territory with help from three sectors that represent roughly 40% of the market. Later the major averages settled near the middle of their ranges after sliding from early highs. Unemployment data also revealed a rise in claims from 278k to 290k  for the current week which was one of the reason for the market to trade lower. Retail sales data is due on Friday, which is expected to come positive for the economy to help bulls take charge of the market.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Baker Hughes	58.98	15.69
AAC Holdings	26.82	07.28
King Digital Entertainment	15.04	07.20
Bio Amber	10.04	07.04
Cash America International	24.67	06.43

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Ryerson Holding	09.86	17.64
North Atlantic Drilling	04.17	15.59
Willbros Group	04.56	13.31
J.G. Wentworth CI A	09.95	11.48
Enova International	27.04	11.37

Wall Street Stock pick of the day : BEST BUY INC

Stock Pick of the Day

Recommendation    :            Buy above $35.65
Target                     :             $38.50
STOCK SUMMARY:- 
Best Buy Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $35.65 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 $38.50.

CHART FORMATION 

Technical Chart

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 $35.65 is expected, which would trigger further bullish sentiment in the stock to test the levels of $38.50.

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.

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.

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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

FOREX Technical Report on USD and CAD

Technical Chart

SUMMARY

The primary trend of USD/CAD is bullish. It is sustaining below the falling trend line & consolidating with a positive bias. 

Daily FOREX Signals

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.

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.

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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

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. 

  

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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