Thursday, 27 November 2014

US Stock Market Analysis and Next Session Predictions

U.S. stock market ended on a positive note on Wednesday boosted by tech shares. The S&P 500 and Dow Jones industrial average closed at record highs, while the energy sector had the highest weight on market. The Dow Jones industrial average rose 12.75 points or 0.07% to close at 17827.69, the S&P 500 gained 5.76 points or 0.28%  to close at 2072.79 and the NASDAQ Composite added 29.07 points or 0.61% to close at 4787.32. With half day trading session on Friday, market is expected to trade in a range with less volume.



BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
UBS Group Wi
23.20
32.70
American Realty Investors
05.99
14.31
Veeva Systems
32.43
12.45
E-House Holdings ADS
09.89
09.71
China Life Insurance ADS
52.37
09.26



BEARS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Sea drill
16.09
22.28
North Atlantic Drilling
02.66
16.09
Diamond Offshore Drilling
32.35
10.54
FMSA Holdings
11.51
10.15
Fortuna Silver Mines
04.51
07.96



CONAGRA FOODS INC


Technical Chart



Recommendation    :            Buy above $35.91
Target                     :            $37.50

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 $35.91 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 $37.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining above trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $35.91 is expected, which would trigger further bullish sentiment in the stock to test the levels of $37.50.

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.

Tuesday, 25 November 2014

US Stock Market and Stock Pick of the Day

US equity market ended little changed on Tuesday as the US economy grew more than expected last quarter. Weak consumer confidence and house price data kept major indexes in a narrow range. The Dow Jones industrial average fell 2.83 points or 0.02% to close at 17815.07, the S&P 500 lost 2.28 points or 0.11% to close at 2067.13 and the NASDAQ Composite added 3.36 points or 0.07% to close the day at 4758.25. Core durable goods, Employment claims and Home sales data are due on Wednesday, which might cause volatility in market with high volume.


Stock Pick for the day : ADOBE SYS INC



Technical Chart


Recommendation    :           Buy above $72.55
Target                     :           $74.50

STOCK SUMMARY:-
Adobe Sys Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $72.55 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 $74.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining below resistance trend line with bullish flag pattern formation on daily intraday chart. Near term breach of resistance level of $72.55 is expected, which would trigger further bullish sentiment in the stock to test the levels of $74.50.

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.

Monday, 24 November 2014

US Stock Market Overview

U.S. stock market closed on a positive note on Monday on hopes that China will take monetary policy further, if needed. The Dow Jones industrial average rose 7.39 points or 0.04% to close at  17817.45, the S&P 500 gained 5.94 points or 0.29% to close at 2069.44 and the NASDAQ Composite added 41.92 points or 0.89% to 4754.89. Although DOW & S&P are trading at their record highs but they were not able to break the benchmark level which was set last Friday. Consumer Confidence and GDP data are due on Tuesday, which are expected to come positive for the US economy, to take the market set new highs.

NATIONAL OIL WELL VARCO INC


Technical Chart

Recommendation     :          Buy above $74.50
Target                     :           $76.50
STOCK SUMMARY:-National Oil Well Varco Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $74.50 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 $76.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining above resistance trend line with symmetrical triangle pattern formation on daily intraday chart. Near term breach of resistance level of $74.50 is expected, which would trigger further bullish sentiment in the stock to test the levels of $76.50.

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.

NZD USD Forex Technical Report


Daily Technical Report

Pivot Points


S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD


1.2369


1.2366


1.2369


1.2366


1.2369


1.2366


1.2369
GBP/USD
1.5643
1.5640
1.5643
1.5640
1.5643
1.5640
1.5643
USD/JPY
117.51
117.62
117.72
117.83
117.92
118.03
118.12
USD/CHF
0.9668
0.9682
0.9700
0.9714
0.9732
0.9746
0.9764
AUD/USD
0.8658
0.8663
0.8672
0.8677
0.8686
0.8691
0.8700
EUR/GBP
0.7895
0.7899
0.7904
0.7908
0.7913
0.7917
0.7922
USD/CAD
1.1216
1.1223
1.1228
1.1235
1.1240
1.1247
1.1252
NZD/USD
0.7871
0.7875
0.7882
0.7886
0.7893
0.7897
0.7904


Today's Chart: NZD/USD ( DAILY )


SUMMARY:
The secondry trend of NZD/USD is bearish, but prices are not sustaining on lower levels the pair is sustaining below the falling trendline & consolidating with a positive bias. If NZD/USD breaches the level of 0.7980 & sustains above it then we can expect it to come up to the levels of 0.8090. I n it daily chart 30 DMA is working as a support & prices can come up to test 200 DMA. RSI is sustaining in buying territory & indicating the upcoming buying in the pair.
In MACD , MACD line has recently breach the zero line, supporting the upside movement for next few sessions.

STRATERGY :- For this week, NZD/USD is looking strong on charts. Indicators also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Thursday, 20 November 2014

NYSE Stocks Overview

NYSE Overview

U.S. stock market closed on a bullish note on Thursday, pushing the DOW and S&P 500 to fresh record closing highs, as data showed further strength in the US economy. The Dow Jones industrial average rose 30.6 points or 0.17% to close at 17716.33, the S&P 500 gained 3.98 points or 0.19% to 2052.7 and the NASDAQ Composite added 26.16 points or 0.56% to close at 4701.87. With no important data on Friday, market is expected to trade range bound with less volume.


BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Nuverra Environmental Solutions
08.99
12.66
Midstates Petroleum
02.94
10.94
Arch Coal
02.54
10.43
Callon Petroleum
06.50
10.36
Ocwen Financial
23.46
10.16



BEARS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Jumei International Holding ADS
19.54
12.10
Enzo Biochem
04.18
07.11
CGG ADS
09.82
06.92
Donaldson
39.99
06.46
Mobileye
43.87
06.16

Wednesday, 19 November 2014

Today's Forex Technical Report


Daily Technical Report


Pivot Points


S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD 1.2421 1.2466 1.2510 1.2555 1.2599 1.2644 1.2688
GBP/USD 1.5474 1.5531 1.5607 1.5664 1.5740 1.5797 1.5873
USD/JPY 115.93 116.37 117.18 117.62 118.43 118.87 119.68
USD/CHF 0.9456 0.9493 0.9531 0.9568 0.9606 0.9643 0.9681
AUD/USD 0.8448 0.8523 0.8571 0.8646 0.8694 0.8769 0.8817
EUR/GBP 0.7926 0.7956 0.7981 0.8011 0.8036 0.8066 0.8091
USD/CAD 1.1233 1.1262 1.1301 1.1330 1.1369 1.1398 1.1437
NZD/USD 0.7728 0.7782 0.7818 0.7872 0.7908 0.7962 0.7998


Today's Chart: AUD/USD ( HOURLY )

SUMMARY:
The primary trend of AUD/USD is bearish, it has formed a falling wedge in its hourly chart which is expected to give breakout at upside. If AUD/USD breaks the level of 0.8610 & sustains above it then, can come up to the levels of 0.8660 in today's session. Prices are taking support of 30 DMA & can come up to test 200 DMA. RSI & Stochastic is also supporting the buying for intraday positions.

Technical Chart

STRATERGY :- AUD/USD is looking strong on charts. Indicators are also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions

NYSE Last Session Overview


U.S. stock market closed flat on Wednesday with concerns over latest policy meeting by the Federal reserve. The stock market rallied shortly after the Fed minutes release at 2 pm. The Dow rose 30 points before falling back with investors concern over interest rate hike in early 2015. The Fed also cut its inflation outlook for the fourth quarter and early next year due to falling oil prices. The lack of inflation could allow the Fed to hold off a little while longer before deciding to raise rates. Employment report along with consumer price data is due on Thursday, which are expected to support the bulls to take the equity market at new highs.


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BULLS OF THE STREET (NYSE)


Name
Close Price ( $ )
Change %
CGG ADS
10.58
23.02
Stage Stores
18.78
19.31
China Distance Education Holdings ADS
17.70
18.24
Roundys
03.88
12.14
Centrais Electricas Brasileiras ADS
02.28
11.22

BEARS OF THE STREET (NYSE)


Name
Close Price ( $ )
Change %
North Atlantic Drilling
03.16
20.40
Cliffs Natural Resources
08.22
19.44
Constellium CI A
17.85
14.88
Leju Holdings ADS
12.08
14.69
E-House Holdings ADS
08.48
10.97


Monday, 17 November 2014

NYSE Stock Pick of the Day : ANALOG DEVICES INC

NYSE Stock Pick of the Day


Recommendation    :           Buy above $50.75
Target                      :           $52.50


STOCK SUMMARY:-
Analog Devices Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $50.75 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 $52.50.

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 $50.75 is expected, which would trigger further bullish sentiment in the stock to test the levels of $52.50.


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 Review

 
NYSE Stocks Review

U.S. stock market ended higher on Monday despite of weaker than expected industrial production and capacity utilization data. Market opened the week on a bullish note and sustained at its higher levels till the end of the session. Purchasing price index data is due on Tuesday which is expected to come positive for the overall economy giving support to the bulls to test the market at new higher levels.


BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Niska Gas Storage Partners
05.16
13.14
Baker Hughes
65.35
09.12
TCP International Holdings
05.71
08.97
Exterran Holdings
36.52
08.16
Associated Estates Realty
21.17
07.68

 
BEARS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
William Lyon Homes
19.36
14.59
China Eastern Airlines ADS
21.12
10.96
Denbury Resources
09.98
10.89
Halliburton
49.11
10.84
Bill Barrett
12.71
09.89





Friday, 14 November 2014

US Stock Pick of the Day : CPFIZER INC

Stock Pick of the Day

Recommendation     :           Buy above $30.75
Target                     :          $32.50

STOCK SUMMARY:-
Pfizer Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $30.75 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 $32.50.

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 $30.75 is expected, which would trigger further bullish sentiment in the stock to test the levels of $32.50.

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.