US Stock Market Technical Analysis and Forecast Friday, March 27 2015

NYSE

US Stock market registered its fourth consecutive decline on Thursday with all major sectors ending up in red. The Dow Jones industrial average lost 41 points or 0.23% to close at 17678, the NASDAQ Composite lost 14 points or 0.28% to close the day at 4963 and the S&P 500 index lost 5 points or 0.25% to end the session at 2056. Final GDP data is due on Friday which is expected to come positive for the economy to help support the falling stock market.
 

Stock to watch today : Cerner Corp
 

Recommendation   :            Buy Above $73.00
Target                     :             $75.50
STOCK SUMMARY:-
Cerner Corp is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $73.00 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 $75.50.

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CHART FORMATION
Stock is in bullish trend for near term and price is taking support above the trend line on daily chart. Near term breach of major resistance level of $73.00 is expected which would trigger further bullish sentiment in the stock to test the levels of $75.50.

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 Technical Analysis and Stock Pick for Wednesday, March 18 2015

US stock market closed the Tuesday's session on a mixed note ahead of Wednesday's Federal Reserve Policy announcement. The Dow Jones industrial average lost 128 points or 0.71% to close at 17849, the NASDAQ Composite index gained 7 points or 0.15% to close the day at 4937 while the S&P 500 index lost 7 points or 0.35% to end the session at 2074. FOMC statement is due on Wednesday and is expected to have a positive impact on the US economy to drive the market higher.

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Stock Pick of the day : QUEST DIAGNOSTIC INC


Recommendation    :          Buy Above $74.50
Target                    :          $76.50

STOCK SUMMARY:-
Quest Diagnotic Inc is overall in bullish trend and is sustaining at higher 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 taking support above the trend line on daily chart. Near term breach of major resistance level of $74.50 is expected which would trigger further bullish sentiment in the stock to test the levels of $76.50.

Technical Chart

TECHNICAL ANALYSIS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining over MACD line which is indicating bullish sentiment in the stock.

AUD/CAD Forex Signal for Monday, March 16 2015

AUD/CAD (4 HOURLY )

AUD/CAD

RECOMMENDATION : BUY TARGET 0.9945

 

SUMMARY:

The major trend of AUD/CAD is bearish but from past few weeks prices are not sustaining at lower levels & consolidating near the important level of 0.9810. Prices are taking resistance of falling trendline & consolidating with strong positive bias. If the pair breaks the important level of 0.9810 at upside then we can expect it to test the level of 0.9880/0.9945.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining above the zero line,indicating the up trend in the market.

STRATEGY:- AUD/CAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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